(Preferably upward earnings estimate revisions, but definitely no downward revisions.) % Change F1 Earnings Estimate Revisions - 12 Weeks greater than or equal to 0.(Minimum of at least two analysts covering the stock.) # of Analysts in Rating greater than or equal to 2.(Average Broker Rating of a Hold or Better.) Average Broker Rating less than or equal to 3.5.Volume greater than or equal to 1,000,000.So today, we narrowed the list of thousands of these more speculative stocks down to a more manageable group of $10 and under stocks that might help boost your portfolio. Investors can obviously find winning stocks for under $10 if they are extremely selective. They are, however, still inherently more speculative than many other higher-priced stocks. Investors might be more likely to have heard of these companies or seen the tickers. Stocks that trade in the $5 to $10 range are generally less risky than their penny stock counterparts. Moving on, let’s briefly discuss the next class of cheap stocks. Many investors avoid these stocks because they are speculative in nature. One dollar or less used to be the common threshold for what we call “penny stocks.” Today, the SEC has expanded penny stocks to securities that trade for less than $5 a share. Today we dive into a pocket of the stock market that many investors like to own as part of diversified portfolios: cheap stocks trading for $10 a share or less.Īlong with the cheap price tag, the stocks we explore today boast high Zacks Ranks given their improving earnings outlooks. That means investors might want to hunt for stocks outside of the mega-cap tech winners for July and beyond. On top of that, other areas of the market outside of big tech are finally taking part in the rally, with all 11 S&P 500 sectors up in June. And earnings are set to bottom in the soon-to-be-reported second quarter. The most recent Zacks data shows an earnings picture that’s holding steady and slowly improving for some sectors. The big banks such as JPMorgan unofficially kick off the second quarter earnings season on Friday, though PepsiCo and others report on Thursday.
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