5 Cheap Hot Stocks to Buy Now

2. SunCoke Energy, Inc. (NYSE:SXC)

PE Ratio as of January 6: 7.12

Performance (Q4 2022): 36.25%

Number of Hedge Fund Holders: 17

SunCoke Energy, Inc. (NYSE:SXC) is a leading producer of metallurgical coke and coal products in the United States and Brazil. The company’s coke making facilities produce metallurgical coke, which is used primarily in the steel-making process. As of September 30, Jim Simons’ Renaissance Technologies is the most prominent investor in the company and has a position worth $16.3 million in the company.

In the fourth quarter of 2022 SunCoke Energy, Inc. (NYSE:SXC) gained more than 36% and, as of January 6, the stock is trading at a price multiple of 7x. For investors searching for cheap hot stocks, SunCoke Energy, Inc. (NYSE:SXC) is a good option to consider. The stock also pays a dividend and is yielding 3.73%, as of January 6.

At the end of Q3 2022, SunCoke Energy, Inc. (NYSE:SXC) was spotted on 17 investors’ portfolios that held collective positions worth $38.3 million in the company.