16 Best US Stocks To Invest In Under $10

Published on May 7, 2024 at 11:43 am by Syed Ijaz in Hedge Funds, Lists, News

This article will discuss the 16 best US stocks to invest in under $10. To explore similar stocks, look at the 5 Best US Stocks To Invest In Under $10.

In March 2024, the S&P 500 surged with a total return of 3.2%, marking the first quarter’s closure with a record high not seen since 2019. The Dow Jones Industrial Average and the Nasdaq likewise experienced significant gains, rising by 6.1% and 9.3%, respectively, throughout the quarter. As a result of positive remarks from Federal Reserve officials and continued rallies in companies associated with artificial intelligence, these advancements have continued to take place. Forbes reports that the technology, consumer cyclical, and consumer defensive sectors led the market gains, each achieving total returns of 8% or more in the first quarter. Most stocks experienced positive gains during the quarter, except for those in the real estate sector, which concluded with losses.

Deciphering Small-Cap Companies’ Challenges and Prospects

As per a March 2024 report from the Financial Times, numerous investors have shown reluctance towards US small-cap stocks due to the significant inflationary pressures and substantial spikes in borrowing expenses. The Russell 2000 index has risen 24 percent since the beginning of 2020, lagging behind the S&P 500’s more than 60 percent gain over the same period. However, despite these challenges, small-cap profits are expected to improve soon, largely because of anticipated rate cuts by the Federal Reserve.

Recently, US bond giant PIMCO adjusted its prediction of Federal Reserve interest rate cuts, now expecting only two cuts this year instead of the previously anticipated three. The US economy’s resilience and stronger-than-expected jobs growth suggest that it is handling high interest rates better than expected. Despite the volatility, investing in small-cap stocks can be rewarding as they offer greater growth potential compared to larger-cap stocks, and the lower share prices make them more accessible for initial investment.

Some of the best US stocks to invest in under $10 include Southwestern Energy Company (NYSE:SWN), New York Community Bancorp, Inc. (NYSE:NYCB), Alight, Inc. (NYSE:ALIT), and others. For this, we decided to take a look at the 16 best US stocks to invest in under $10.

A close up shot of a stock ticker reflecting the performance of Indian equity markets.

Our Methodology

For this article, we identified a number of stocks with market capitalizations of over $2 billion, trading on the NYSE and NASDAQ for under $10 as of April 15. Next, we narrowed down our list to 16 stocks most widely held by institutional investors and ranked them in ascending order of the number of hedge funds that have stakes in them as of Q4 of 2023.

Best US Stocks To Invest In Under $10

16. GoodRx Holdings, Inc. (NASDAQ:GDRX)

Number of Hedge Fund Holders: 21

GoodRx Holdings, Inc. (NASDAQ:GDRX) is a US digital healthcare platform that provides consumers with access to affordable medication prices and healthcare information, including prescription price comparison, access to negotiated prices, and additional healthcare services such as subscriptions and telehealth.

In Q4 2023, the company bought back $77.8 million worth of class A common stock, leaving $44.3 million for further repurchases. Additionally, the board approved a new $450 million stock repurchase program, demonstrating its commitment to enhancing shareholder value and making it an attractive investment opportunity. GoodRx Holdings, Inc. (NASDAQ:GDRX) is one of the best American stocks to buy, with 21 hedge funds holding positions in the company, according to Insider Monkey’s data. Among them, David Rosen’s Rubric Capital Management holds the largest stake, with 5.9 million shares valued at approximately $39.4 million as of Q4 2023.

15. Ginkgo Bioworks Holdings, Inc. (NYSE:DNA)

Number of Hedge Fund Holders: 22

Ginkgo Bioworks Holdings, Inc. (NYSE:DNA) is a biotechnology company that leverages biological solutions to address challenges across different industries. The company has recently acquired three molecular medicine startups, including Proof Diagnostics, Patch Biosciences, and Reverie Labs, to strengthen its offerings in genetic diagnostics, AI-generated compounds, and drug discovery. These acquisitions are part of Ginkgo’s strategy to provide comprehensive solutions to its R&D customers.

14. ADT Inc. (NYSE:ADT)

Number of Hedge Fund Holders: 22

ADT Inc. (NYSE:ADT) provides security, interactive, and smart home solutions for residential and small business customers in the U.S. through its Consumer and Small Business (CSB) and Solar segments. In a news release dated March 6, 2024, ADT Inc. (NYSE:ADT) announced a secondary public offering of 55,000,000 shares of its common stock, led by entities managed by Apollo Global Management, Inc. The company’s aim is not to sell any shares in this offering. Furthermore, ADT has approved the acquisition of 15,000,000 shares of common stock from the underwriters as part of its ongoing share repurchase program.

As per the Q4 2023 earnings call transcript, ADT Inc. (NYSE:ADT) reported a notable 6% revenue rise in its Consumer and Small Business (CSB) segment, reaching $4.7 million. Moreover, the company revealed a substantial 57% boost in its dividend payout and introduced a $350 million share repurchase initiative. ADT anticipates a robust 40% surge in adjusted free cash flow for 2024, forecasting figures between $700 million and $800 million.

Insider Monkey’s database of 933 top-tier hedge funds shows that ADT Inc. (NYSE:ADT) is held by 22 of them. The largest shareholder is Ariel Investments, managed by John W. Rogers, which owns 22.5 million shares valued at $153.1 million.

13. Joby Aviation, Inc. (NYSE:JOBY)

Number of Hedge Fund Holders: 23

Joby Aviation, Inc. (NYSE:JOBY) is a U.S.-based aviation company specializing in electric vertical takeoff and landing (eVTOL) aircraft for air taxi services. In a move to revolutionize urban air mobility, the company acquired a state-of-the-art facility at Dayton International Airport on March 5, 2024, investing up to $500 million and creating numerous manufacturing jobs. Additionally, the company announced on March 19, 2024, that it will deliver two aircraft to MacDill Air Force Base in 2025 under its AFWERX Agility Prime Contract, marking a significant milestone in the use of electric air taxis for military purposes.

From Insider Monkey’s database of 933 hedge funds, Joby Aviation, Inc. (NYSE:JOBY) has a share of 23 funds with

12. Dun & Bradstreet Holdings, Inc. (NYSE:DNB)

Number of Hedge Fund Holders: 25

Dun & Bradstreet Holdings, Inc. (NYSE:DNB) is a globally renowned company that provides essential data and analytics for decision-making. It operates through two segments: North America and International.

According to the Q4 2023 earnings call transcript, to have better terms for borrowing, the company refinanced term loans and credit facilities on January 9, 2024. As of December 2023, Dun & Bradstreet Holdings, Inc. (NYSE:DNB) had access to $825 million in credit, with an average interest rate of 6.3%. This demonstrates the company’s prudent financial management and its ability to maintain liquidity for strategic initiatives and operational needs. Thus, making it as one of the best American stocks to buy now for investors especially for beginners.

From Insider Monkey’s extensive database of 933 hedge funds, Dun & Bradstreet Holdings, Inc. (NYSE:DNB) stands out as a significant investment option, being held by a total of 25 funds. Among these, Stepstone Group, under the management of Jose Fernandez, holds a prominent position as the largest shareholder. As of Q4 2023, Stepstone Group’s holdings in the company amount to approximately 21.2 million shares, with an estimated value of around $248.5 million.

11. Genworth Financial, Inc. (NYSE:GNW)

Number of Hedge Fund Holders: 26

Genworth Financial, Inc. (NYSE:GNW) is an international insurance holding company that engages in the provision of insurance, wealth management, investment, and financial solutions. The company operates through five segments: U.S. Mortgage Insurance, Canada Mortgage Insurance, Australia Mortgage Insurance, U.S. Life Insurance, and Runoff.

The Q4 2023 earnings call transcript reveals that the company maintained its commitment to returning capital to shareholders by executing the repurchase of around $35 million. Furthermore, as the year concluded, the company demonstrated its financial robustness by holding a substantial $350 million in cash and liquid assets.

Insider Monkey’s hedge fund holdings database reveals that Himanshu H. Shah’s Shah Capital Management holds the largest stake, with 4.7 million shares valued at $31.6 million. Additionally, out of 933 hedge funds in total, the company has invested in 26 funds.

Along with Southwestern Energy Company (NYSE:SWN), New York Community Bancorp, Inc. (NYSE:NYCB) and Alight, Inc. (NYSE:ALIT), Genworth Financial, Inc. (NYSE:GNW) is one of the best American stocks to buy.

10. SoFi Technologies, Inc. (NASDAQ:SOFI)

Number of Hedge Fund Holders: 29

SoFi Technologies, Inc. (NASDAQ:SOFI) is a provider of financial services. Through its lending and financial services offerings, the company empowers members to borrow, save, spend, invest, and safeguard their funds. It operates through three main segments: Lending, Technology platforms, and Financial Services.

The Q4 2023 earnings call transcript reveals impressive growth metrics: adjusted net revenue surged by 34% year-over-year, hitting $594 million, while adjusted EBITDA soared to $181 million, marking an extraordinary increase of over 80% from the previous record of $98 million.

SoFi Technologies, Inc. (Nasdaq:SOFI) holds positions in 29 hedge funds out of a total of 933 in the Q4 2023 Insider Monkey database. Silver Lake Partners, led by Jim Davidson, Dave Roux, and Glenn Hutchins, boasts the largest stake in the company, with 31.2 million shares valued at approximately $310 million.

9. Kosmos Energy Ltd. (NYSE:KOS)

Number of Hedge Fund Holders: 29

Kosmos Energy Ltd. (NYSE:KOS) is an upstream oil company established in 2003 and headquartered in Dallas, Texas. The company specializes in providing oil and gas exploration and production services.

According to the Q4 2023 press release, Kosmos Energy Ltd. (NYSE:KOS) exhibited financial resilience with $2.3 billion in net debt and $0.7 billion in available liquidity. With 29 hedge funds holding its stocks out of 933 in Insider Monkey’s database, it is considered as one of the best American stocks to buy now. Maple Rock Capital, spearheaded by Len Kipp and Xavier Majic, holds the largest stake in the company, possessing 9 million shares valued at approximately $60.2 million.

8. Under Armour, Inc. (NYSE:UA)

Number of Hedge Fund Holders: 31

Under Armour, Inc. (NYSE:UA) is a prominent American sportswear company headquartered in Baltimore, Maryland, USA. Renowned for its development, marketing, and distribution of apparel, footwear, and related accessories, the brand’s products are widely available through retail stores, direct-to-consumer sales channels, and e-commerce platforms worldwide.

Under Armour, Inc. (NYSE:UA) announced a leadership transition in a press release dated March 13, 2024, appointing Kevin Plank as the new President & Chief Executive Officer, effective April 1, 2024. Anand Parekh’s Alyeska Investment Group holds the largest stake in the company, with 8.2 million shares valued at around $71.8 million. Additionally, the company is featured in 31 out of 933 hedge funds in Insider Monkey’s Q4 2023 database.

Along with Southwestern Energy Company (NYSE:SWN), New York Community Bancorp, Inc. (NYSE:NYCB) and Alight, Inc. (NYSE:ALIT), Under Armour, Inc. (NYSE:UA) is one of the best American stocks to buy for beginners.

7. Marqeta, Inc. (NASDAQ:MQ)

Number of Hedge Fund Holders: 32

Marqeta, Inc. (NASDAQ:MQ) is at the forefront of the payment industry with its advanced card issuing and transaction processing solutions. Its cloud-based platform, powered by open APIs, empowers businesses to excel in the digital landscape and deliver incomparable customer value.

According to the Q4 2023 earnings call transcript, both Internet Travel Solutions (ITS) and Affinipay have opted to utilize Marqeta’s revamped credit card platform, which was launched in October 2023, to drive their credit solutions. Marqeta, Inc. (NASDAQ:MQ) is included in the portfolios of 32 out of 933 funds in Insider Monkey’s database. Additionally, Insider Monkey’s Q4 2023 data reveals that Israel Englander’s Millennium Management holds the largest stake, with ownership of 9.5 million shares valued at $66.1 million.

6. Newell Brands Inc. (NASDAQ:NWL)

Number of Hedge Fund Holders: 33

Newell Brands Inc. (NASDAQ:NWL) is a global consumer goods company headquartered in Atlanta. It was formed in 2016 through the merger of Newell Rubbermaid and Jarden Corporation, bringing together a rich and diverse portfolio of renowned brands under one roof.

On March 12, 2024, Sharpie and Paper Mate, as part of the Newell Brands Inc. (NASDAQ:NWL) family, collaborated to promote creativity nationwide with the launch of the “Let’s Get Creative” campaign, aimed at overcoming time barriers that hinder Americans’ creative expression. At the South by Southwest launch, attendees experienced the unveiling of new products like Sharpie Creative Markers and Paper Mate InkJoy Gel Bright! Pens, accompanied by insights from Mindy Kaling.

Insider Monkey’s Q4 2023 database revealed that Newell Brands Inc. (NASDAQ:NWL) was held by 33 out of 933 hedge funds. Notably, Richard S. Pzena’s Pzena Investment Management emerged as the largest shareholder, with ownership of approximately 54.1 million shares valued at around $469.6 million.

Click to continue reading and see 5 Best US Stocks To Invest In Under $10.

AI Fire Sale: Insider Monkey’s #1 AI Stock Pick Is On A Steep Discount

Published on December 13, 2024 at by Inan Dogan, PhD

Artificial intelligence is the greatest investment opportunity of our lifetime. The time to invest in groundbreaking AI is now, and this stock is a steal!

The whispers are turning into roars.

Artificial intelligence isn’t science fiction anymore.

It’s the revolution reshaping every industry on the planet.

From driverless cars to medical breakthroughs, AI is on the cusp of a global explosion, and savvy investors stand to reap the rewards.

Here’s why this is the prime moment to jump on the AI bandwagon:

Exponential Growth on the Horizon: Forget linear growth – AI is poised for a hockey stick trajectory.

Imagine every sector, from healthcare to finance, infused with superhuman intelligence.

We’re talking disease prediction, hyper-personalized marketing, and automated logistics that streamline everything.

This isn’t a maybe – it’s an inevitability.

Early investors will be the ones positioned to ride the wave of this technological tsunami.

Ground Floor Opportunity: Remember the early days of the internet?

Those who saw the potential of tech giants back then are sitting pretty today.

AI is at a similar inflection point.

We’re not talking about established players – we’re talking about nimble startups with groundbreaking ideas and the potential to become the next Google or Amazon.

This is your chance to get in before the rockets take off!

Disruption is the New Name of the Game: Let’s face it, complacency breeds stagnation.

AI is the ultimate disruptor, and it’s shaking the foundations of traditional industries.

The companies that embrace AI will thrive, while the dinosaurs clinging to outdated methods will be left in the dust.

As an investor, you want to be on the side of the winners, and AI is the winning ticket.

The Talent Pool is Overflowing: The world’s brightest minds are flocking to AI.

From computer scientists to mathematicians, the next generation of innovators is pouring its energy into this field.

This influx of talent guarantees a constant stream of groundbreaking ideas and rapid advancements.

By investing in AI, you’re essentially backing the future.

The future is powered by artificial intelligence, and the time to invest is NOW.

Don’t be a spectator in this technological revolution.

Dive into the AI gold rush and watch your portfolio soar alongside the brightest minds of our generation.

This isn’t just about making money – it’s about being part of the future.

So, buckle up and get ready for the ride of your investment life!

Act Now and Unlock a Potential 10,000% Return: This AI Stock is a Diamond in the Rough (But Our Help is Key!)

The AI revolution is upon us, and savvy investors stand to make a fortune.

But with so many choices, how do you find the hidden gem – the company poised for explosive growth?

That’s where our expertise comes in.

We’ve got the answer, but there’s a twist…

Imagine an AI company so groundbreaking, so far ahead of the curve, that even if its stock price quadrupled today, it would still be considered ridiculously cheap.

That’s the potential you’re looking at. This isn’t just about a decent return – we’re talking about a 10,000% gain over the next decade!

Our research team has identified a hidden gem – an AI company with cutting-edge technology, massive potential, and a current stock price that screams opportunity.

This company boasts the most advanced technology in the AI sector, putting them leagues ahead of competitors.

It’s like having a race car on a go-kart track.

They have a strong possibility of cornering entire markets, becoming the undisputed leader in their field.

Here’s the catch (it’s a good one): To uncover this sleeping giant, you’ll need our exclusive intel.

We want to make sure none of our valued readers miss out on this groundbreaking opportunity!

That’s why we’re slashing the price of our Premium Readership Newsletter by a whopping 70%.

For a ridiculously low price of just $29, you can unlock a year’s worth of in-depth investment research and exclusive insights – that’s less than a single restaurant meal!

Here’s why this is a deal you can’t afford to pass up:

• Access to our Detailed Report on this Game-Changing AI Stock: Our in-depth report dives deep into our #1 AI stock’s groundbreaking technology and massive growth potential.

• 11 New Issues of Our Premium Readership Newsletter: You will also receive 11 new issues and at least one new stock pick per month from our monthly newsletter’s portfolio over the next 12 months. These stocks are handpicked by our research director, Dr. Inan Dogan.

• One free upcoming issue of our 70+ page Quarterly Newsletter: A value of $149

• Bonus Reports: Premium access to members-only fund manager video interviews

• Ad-Free Browsing: Enjoy a year of investment research free from distracting banner and pop-up ads, allowing you to focus on uncovering the next big opportunity.

• 30-Day Money-Back Guarantee: If you’re not absolutely satisfied with our service, we’ll provide a full refund within 30 days, no questions asked.

Space is Limited! Only 1000 spots are available for this exclusive offer. Don’t let this chance slip away – subscribe to our Premium Readership Newsletter today and unlock the potential for a life-changing investment.

Here’s what to do next:

1. Head over to our website and subscribe to our Premium Readership Newsletter for just $29.

2. Enjoy a year of ad-free browsing, exclusive access to our in-depth report on the revolutionary AI company, and the upcoming issues of our Premium Readership Newsletter over the next 12 months.

3. Sit back, relax, and know that you’re backed by our ironclad 30-day money-back guarantee.

Don’t miss out on this incredible opportunity! Subscribe now and take control of your AI investment future!

Subscribe Now!

No worries about auto-renewals! Our 30-Day Money-Back Guarantee applies whether you’re joining us for the first time or renewing your subscription a year later!

This is the #1 Gold Stock for your 2025 watch list

Published on December 16, 2024 at by Insider Monkey Staff

Brace yourself.

There’s no question that thanks to Washington’s disastrous policies – and out-of-control spending – the outlook for the U.S. economy now appears dire.

And with the U.S. national debt now rising by a staggering $1 trillion every 100 days…there are no easy solutions to help get the nation back on track.

While Jay Powell and the Biden-Harris White House sweat out a federal debt that has reached $35.5 trillion – and climbing – many investors have raced to the sidelines with their cash.

But the truly savvy investors laugh while Jay Powell frets, because they understand that this ridiculous spending has also triggered a nearly unprecedented bull market for gold.

Just look at this chart for the yellow metal.

After testing the $2,000/ounce mark in August 2020 and February 2022, gold traded down to near $1,600/ounce in October 2022.

Since then, gold prices have been on an absolute tear and currently sit above $2,600/ounce, a $1,000/oz increase in just two short years.

But the surge in gold prices that we’ve seen over the past few years could pale in comparison to what’s on the horizon. As shocking as it may sound, with no end in sight for the Fed’s money printing, we could see the price of gold increase by many multiples in the years ahead.

With soaring inflation, the dollar stands to lose more and more of its value, which means you’ll need a lot more dollars to buy gold.

According to legendary investor Peter Schiff, today’s seemingly-high gold price of $2,600/oz. “could soar to $26,000/oz. — or even $100,000/oz. There’s no limit because gold isn’t changing — it’s the value of the dollar that’s decreasing.”[i]

Meanwhile, as profitable as gold has been, select gold mining stocks have really kicked into high gear, handing investors even bigger profits.

Click to continue reading…

Insider Monkey Ads

Markets

Insider Trading

Hedge Funds

Retirement

Opinion

Log In

Sign Up