Published on 21 Dec 2023 on Insider Monkey via Yahoo Finance
These Stocks under $10 Are Poised To Explode
In this piece, we will take a look at these stocks under $10 are poised to explode. If you want to skip our introduction to these tricky stocks, jump to These 5 Stocks Under $10 Are Poised To Explode.
The US equity markets remain on track for a strong finish in 2023 as major indices hover near all-time highs. Easing inflation and a resilient economy that has avoided recession are factors that have catapulted the markets higher for the better part of the year. Will the rally continue into 2024? That's the big question amid a wave of monetary and deteriorating macroeconomic uncertainties.
With the Federal Reserve indicating rate cuts in 2024, investors' risk appetite is going to increase in the next year and small companies trading for low prices will come on investors' radar. In this backdrop it would be interesting to see which under-$10 stocks have strong upside potential.