Published on 19 Dec 2022 on Insider Monkey via Yahoo Finance

10 Cheapest Stocks With Biggest Upside

In this article, we discuss the 10 cheapest stocks with the biggest upside. If you want to read about some more cheapest stocks with the biggest upside, go directly to 5 Cheapest Stocks With Biggest Upside.

According to the advance estimate released by the Bureau of Economic Analysis in late October 2022, the real gross domestic product (GDP) in the US increased at an annual rate of 2.6 percent in the third quarter of 2022. The increase in real GDP reflected increases in exports, consumer spending, nonresidential fixed investment, federal government spending, and state and local government spending, which were partly offset by decreases in residential fixed investment and private inventory investment. 

The stock market has been witnessing high volumes as the latest numbers from the Bureau of Economic Analysis indicate that the US economy grew an annualized 2.9% at the end of 2022, better than the initial estimate of 2.6%, and beating forecasts of 2.7%. The performance reflects the upward revisions to consumer and business spending and net trade. The biggest positive contribution came from net trade, as imports sank more while exports rose more. The nonresidential investment jumped at a faster 5.1% which is better than the expected 3.7%.