With all the complications of various political standpoints and financial markets, it would simply be a good idea to invest in a share that is both presently lucrative and financially rewarding in a year or a few. Also, the idea of investing within the stock market isn’t going to go away anytime soon, which means that it’s essential for you to get started with your own investments. In this article, we will go over some of the best stocks to invest in 2021 under $10.
Given the latest economic development in the USA, many investors are trying to find a good source where they can invest their money with a stable and substantial return. In this post, we will discuss about the best stocks you can invest in 2021 under $10.
iClick Interactive Asia Group Limited (NASDAQ:ICLK)
Number of Hedge Fund Holders: 5
Stock Price as of October 2: $5.52
iClick Interactive Asia Group Limited (NASDAQ:ICLK) is a leading online marketing technology platform in China that provides data analysis and digital marketing services. Ranked tenth on the list of the 10 best tech stocks to buy under $10, iClick Asia Group Limited (NASDAQ:ICLK) has a market capitalization of $521.01 million.
At the end of the second quarter of 2021, 5 hedge funds in the database of Insider Monkey held stakes worth $5.03 million in iClick Interactive Asia Group Limited.
iClick Interactive Asia Group Limited (NASDAQ:ICLK) issued its quarterly earnings report for the second quarter of 2021 on August 25, with reported earnings per share at $0.03, beating estimates by $0.01. The declared revenue for the quarter came in at $78 million, surpassing estimates by $3.28 million.
The company’s revenue has more than doubled over the last three years leading up to 2020, and its gross profit grew even faster, indicating the company’s improving margins.
AXT Inc. (NASDAQ:AXTI)
Number of Hedge Fund Holders: 11
Stock Price as of October 2: $8.28
AXT Inc. (NASDAQ:AXTI) is a semiconductor manufacturing company that designs and manufactures high-performance components for a number of electronics. The California-based company is ranked eighth on the list of the 10 best tech stocks to buy under $10.
AXT Inc. (NASDAQ:AXTI) reported quarterly earnings for the second quarter of 2021 on July 27, posting a revenue of $33.73 million, up 52.41% compared to the same period last year. The company also reported $0.10 in earnings per share, beating estimates by $0.03.
By the end of the second quarter of 2021, 11 hedge funds in the database of Insider Monkey held stakes worth $29.8 million in AXT Inc. (NASDAQ:AXTI). The number of hedge funds with stakes in the company remained the same for both the first and second quarter of 2021.
On September 14, BWS Financial analyst Hamed Khorsand kept a Buy rating on AXT Inc. (NASDAQ:AXTI) along with a $20 price target on its shares.
Wipro Limited (NYSE:WIT)
Number of Hedge Fund Holders: 14
Stock Price as of October 2: $8.94
Wipro Limited (NYSE: WIT) is an Indian multinational technology company that provides information technology and business consulting services. Founded in 1945, the IT company is placed sixth on our list of 10 best tech stocks to buy under $10.
For the second quarter of 2021, Wipro Limited (NYSE:WIT) reported an EPS of $0.06, in-line with the market predictions for the quarter. However, the reported revenue of $2.06 billion fell short of estimates by $0.80 million.
By the end of the second quarter of 2021, 14 hedge funds in the database of Insider Monkey held stakes worth more than $164 million in Wipro Limited (NYSE:WIT). This is compared to 13 hedge funds in the previous quarter that held stakes worth approximately $130.6 million.
On September 30, JPMorgan analyst Ankur Rudra upgraded Wipro Limited (NYSE:WIT) to Neutral from Underweight with a price target of $8.77, up from $6.34.
Just like Nokia Corporation (NYSE:NOK), Blackberry Limited (NYSE:BB) and Conduent Incorporated (NASDAQ:CNDT), Wipro Limited (NYSE:WIT) is a notable tech stock under $10.
Banco Santander SA (ticker: SAN)
Banco Santander is the largest Spanish bank by market cap. Analyst Johann Scholtz says Banco Santander’s capital ratios still need some improvement following the latest European Central Bank stress tests, but the bank proved to be less sensitive to stress than peers. Scholtz says Santander could improve its profitability, capitalization and valuation if it would trim its presence in underperforming geographical regions. He says the bank’s Latin American business is particularly impressive, and it is a market leader in Brazil, Mexico and Chile. Morningstar has a “buy” rating and a $4.50 fair value estimate for SAN stock.
Telefonica SA (TEF)
Telefonica is the major telecom operator in Spain. Analyst Javier Correonero says the company is doing an impressive job of divesting underperforming divisions, but it may still be difficult for Telefonica to generate excess return on invested capital over the next decade. Still, Correonero says the company’s decision to sell its tower assets will help it reduce debt, a top capital allocation priority. Correonero says Telefonica will likely continue to sell assets and streamline its business, efforts that could potentially unlock hidden value in the company. Morningstar has a “buy” rating and a $5.80 fair value estimate for TEF stock.
PG&E Corp. (PCG)
The past couple of years have been a harrowing experience for PG&E investors. The California utility company filed for bankruptcy in 2019 following two deadly wildfires linked to PG&E power lines. In 2020, PG&E emerged from bankruptcy after $25.5 billion in liability settlements. Miller says PG&E’s recent investor day event helped reassure shareholders about its approach to mitigating future wildfire risk, including a $20 billion plan to bury 10,000 miles of power lines in high-risk regions of California. Morningstar has a “buy” rating and an $11.50 fair value estimate for PCG stock.
Teva Pharmaceutical Industries Ltd. (TEVA)
Israel-based Teva Pharmaceutical Industries is the world’s largest generic drug producer. Analyst Damien Conover says Teva is likely undervalued in part due to uncertainty over the severity of its eventual opioid litigation settlement. Conover says Teva’s relatively large $22.7 billion in debt may allow for greater flexibility in its settlement payment plan or even a reduced settlement. Classic value investors should know that Teva is also one of just two stocks trading under $10 that are included among Warren Buffett’s Berkshire Hathaway (BRK.A, BRK.B) investments. Morningstar has a “buy” rating and a $20 fair value estimate for TEVA.
Gold Fields (NYSE: GFI)
Gold Fields, headquartered in resource-rich Johannesburg, South Africa, offers one of the world’s largest gold mining firms. Gold Fields has 9 operating mines in Australia, Peru, South Africa, West Africa and 1 project in Chile.
GFI stock has a market capitalization of $8.19 billion with an EPS of $0.29 over the trailing 12-month period. Its 52-week low is $3.79, while its 52-week high is $14.90. GFI features strong liquidity, with an average volume of nearly 6.4 million shares. In 2019, Gold Fields generated revenue of $2.97 billion.
Nutriband (NASDAQ: NTRB)
Nutriband Inc manufactures pharmaceutical products. It deals in nutritional products, cosmetic products, and therapeutic transdermal patches. The consumer product line currently consists of eleven products: An Energy Patch line, a Weight Management patch line, a Multivitamin Patch line, a Children’s Multivitamin Patch Line, an amino acid patch line, an anti-wrinkle patch line, an insect repellant patch line, a detox patch line, a PMS patch line, a sleep patch line and a nausea and motion sickness patch line. Geographically, it derives majority revenue from the United States.
Plains All American Pipeline
Most investors on the hunt for good sub-$10 stocks are looking for underappreciated bargains. And Plains All American Pipeline (NASDAQ:PAA×https://www.fool.com/quote/nasdaq/paa/) is certainly a more compelling prospect now that its 25% pullback from June’s high has dragged it under the $10 mark, especially in light of the fact that it’s likely to deliver full-year earnings on the order of $1 per share.
Earnings, though, are not the prime reason you might want to step into this stock now. Rather, it’s because the recent share price pullback has pumped up its dividend yield to an incredible 7.8%.
Granted, management has greatly pared back the annualized payout from its 2015 peak in excess of $3 per share; through the first two quarters of 2021, Plains All American Pipeline has only dished out $0.36 worth of dividends (or as they’re called in this case, distributions). Much of that contraction was a reflection of debt-powered expansion plans that went perfectly awry. The past several years have been tough for the entire oil and natural gas sector, but they’ve been especially challenging for smaller, poorly capitalized pipeline companies that get paid to transport hydrocarbons from point A to point B. Plains All American Pipeline and its limited partnership counterpart Plains GP Holdings (NASDAQ:PAGP×https://www.fool.com/quote/nasdaq/pagp/) are part of that group.
The organization may finally be ready to recover though. June’s agreement to sell its gas storage assets will put $850 million into its coffers, but more than that, the deal is part of a major effort to deleverage Plains All American Pipeline’s balance sheet. The stock, income, and cash distributions may all well be at their “rock bottom” levels right now.
Conclusion
While reading the title you might ask, “what is a good stock?” Different investors have different preferences. For a majority of investors, a good stock should be a profitable company that has a strong growth potential in the future. Besides profitability and growth potential, another key factor to look at is the company’s reputation. A profitable company with poor client service and low ethical standards may not be worth to invest your money in. In this write-up, we will discuss about some stocks to invest under $10.