Published on 15 Oct 2022 on InvestorPlace via Yahoo Finance
The 7 Best Cheap Stocks Under $10 to Buy Now
As interest rates keep rising, sticking with value over growth remains the best move. Amid dozens of value stocks, some of the best value plays out there are cheap stocks under $10 per share.
These undervalued, under-the-radar names are attractive in today’s market for two reasons. First, if rates keep rising, putting pressure on valuations, these stocks, already selling at rock-bottom multiples, have far less room to move lower than many other names.
Second, whenever the market recovers (either because the Federal Reserve defeats inflation or the Fed folds by lowering rates), these names can recover more than the overall stock market. As a Bloomberg commentator recently opined, after a long period of underperformance, value stocks may have plenty of room to climb.