9 Best Cheap Stocks to Buy Under $10
In an expensive market, these stocks are still bargains.
Every week, it seems, the stock market makes new all-time highs. The S&P 500 is up more than 25% this year and has more than doubled since its March 2020 drop.
There are always penny stocks, but those tend to elevate risk. A tier up from that, however, are stocks in the $5 to $10 price range.
These nine cheap stocks look promising heading into 2022
Nokia Corp. (NOK)
The U.S. efforts to keep Huawei out of the market for sensitive networking equipment opened a big window of opportunity for Nokia and Telefonaktiebolaget LM Ericsson (ERIC).
Banco Bilbao Vizcaya Argentaria SA (BBVA)
BBVA is a Spanish banking conglomerate. The core Spanish banking market has been weak for a decade now. Spain built too many houses in the late 2000s and ended up in a prolonged economic bust thereafter.
UWM Holdings Corp. (UWMC)
UWM Holdings is a leading mortgage origination company. Like several other firms on this list, it became public via SPAC merger within the past year. Since going public in January, shares have tanked.
Grupo Aval Acciones y Valores SA (AVAL)
Grupo Aval is a holding company that controls Colombia's largest network of banks. Colombia is a highly attractive market for banks since regulators place strict limits on competition and risk-taking.
AvePoint Inc. (AVPT)
AvePoint is a cloud computing company that completed its special-purpose acquisition company, or SPAC, merger in July. The company is a software service provider for the Microsoft 365 ecosystem, helping companies migrate to the Microsoft Corp.
Energy Transfer LP (ET)
Energy Transfer is a midstream energy company. The company owns pipelines and other infrastructure assets for storing, transporting and processing oil and gas, and it owns more than 90,000 miles of pipelines crossing 38 states and Canada.
Playa Hotels & Resorts NV (PLYA)
Playa Hotels & Resorts is another travel stock that hasn't enjoyed a full recovery yet. The company operates several hotels in Mexico, Jamaica and the Dominican Republic. These hotels are primarily associated with the Hyatt and Hilton brands.
Sabre Corp. (ticker: SABR)
Sabre is a travel company most known for its global distribution system, or GDS. Airlines, cruise lines and other transport companies use a GDS to publish their routes and ticketing options. Travel agents and online travel sites use the GDS to check ticket availability.