Published on 31 Aug 2022 on InvestorPlace via Yahoo Finance
As I was preparing to write about cheap stocks to buy that could increase by ten times over the next few years, I wondered what measuring stick I should use to appropriately identify names that were down but definitely not out.
I looked online for a few ideas.
For example, NerdWallet recently defined cheap stocks as S&P 500 companies whose share price traded between $5 and $20, but had risen so far this year.