7 Best Cheap Stocks To Buy Now Under $10

Smart traders know there are opportunities when markets fall and stock prices come down. But deciding which stocks to buy is difficult. So, to overcome this big problem, we will tell you the top 7 best cheap stocks to buy now that are under $10. 

Buying the dip is a complex trading strategy that should be approached intelligently. On the other hand, when it’s done correctly, you can get a significant discount on stocks. As a result, you can get good quality stocks at a discount price. But it is very crucial to know the drawbacks of these cheap stocks.

For you, we manage to get the top 7 best cheap stocks that you can buy. So, let’s started. 

Here Are 7 Best Cheap Stocks To Buy Now Under $10

If you are looking for cheap stocks, then below we mentioned the top 7 cheap stocks that are under $10. 

1. Builders FirstSource, Inc. (BLDR)

First on our list of cheap stocks is Builders FirstSource, Inc. (BLDR). The market capitalization of this company is about 9.05 billion dollars. 

About Builders FirstSource, Inc. (BLDR): Builders FirstSource creates construction materials such as floor and roof trusses, engineered wood, windows, and wall panels. On the other hand, they also offer installation and building services.

BLDR shares have increased 204% in the last five years, but the stock is currently trading around 40% below its all-time high in 2022. Over the last decade, it has declined by 30%. However, the stock has dropped by more than 50% on multiple occasions before recovering.

2. Asbury Automotive Group Inc. (ABG)

Next on our list is Asbury Automotive Group Inc. (ABG), with a market capitalization of about 3.42 billion dollars. 

About Asbury Automotive Group Inc. (ABG): Asbury Automotive Group operates 140+ dealerships in about 15 states, selling cars as well as offering third-party auto loans and insurance products.

ABG is trading at 35% below its all-time high set in 2021. While the stock dropped nearly 70% in the early 2020 market meltdown. Since 2016, Asbury has increased its EPS (Earning Per Year) and revenue yearly, with three-year average annual growth rates of 53.6% and 22.6%, respectively. 

3. TopBuild Corp. (BLD)

The market capitalization of this company is about 5.18 billion dollars. With estimates of +22.6% In EPS for 5 years. 

About TopBuild Corp. (BLD): TopBuild offers insulation products and insulation installation services. On the other hand, they also provide Guttering, fireplaces, fireproofing, garage doors, and paint.

TopBuild is up 204% in the last five years, but shares are trading at 40% below their all-time high in 2022, similar to Builders FirstSource. Over the last decade, entering on 30% or greater pullbacks has worked well, but the stock can be risky, with multiple periods of decline of more than 50%.

4. TFI International Inc. (TFII)

Next on our list of the best cheap stocks is TFI International Inc. (TFII). The market capitalization of this company is about 11.25 billion Canadian dollars. 

About TFI International Inc. (TFII): TFI International is a transportation and logistics company based in Canada.

TFII shares have gained 301% in the last five years, but the stock is currently trading 23% below its all-time high in 2021. Over the last decade, drops of 30% or more have provided good entry points.

TFII’s EPS (earnings per share) and revenue have increased year after year since 2016, with three-year average annual growth rates of 33.6% and 32.4%, respectively. 

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5. Deckers Outdoor (DECK)

Deckers Outdoor (DECK) is next on our list of cheap stocks under $10. On the other hand, the market capitalization of this company is about 9.05 billion dollars. 

About Deckers Outdoor (DECK): Deckers sells and manufactures clothing and footwear directly to consumers and also through its wholesale division. However, it primarily operates in the United States, but also it has a global presence.

Shares of DECK have gained 395%. But that is after the decline of 30% drop from its all-time high in September 2021.

While the stock has dropped as much as 75% in the past (in 2008 and 2012), pullbacks of 40% to 50% from prior highs have historically provided good long-term entry points to buy the dip.

6. Entegris, Inc. (ENTG)

The market capitalization of Entegris, Inc. (ENTG) is nearly about 10.99 billion dollars. According to the data, this makes Entegris the world’s 1245th most valuable company by market capitalization.

About Entegris, Inc. (ENTG): Entegris supplies semiconductor materials to manufacturers. However, it operates all over the world.

On the other hand, the stock has gained 212% in the last five years, and now it is down by 47% from its all-time high in 2021. This is the largest drop in this company in more than 10 years. As a result, this will be an attractive entry point for long-term value investors.

7. Pool Corporation (POOL)

Last on our list of the best cheap stocks to buy now is Pool Corporation (POOL). The market capitalization of this company is nearly about 12.16 billion dollars. 

About Pool Corporation (POOL): This company is a large distributor of swimming pool chemicals, replacement parts, cleaners, heaters, pumps, lights, and filters.

POOL stock has increased by 205% in the last five years. The stock is trading 45% below its all-time high from 2021, the largest drop in over a decade. As a result, investors can take advantage of this dip.

POOL’s annual EPR (earnings per share) and revenue have grown at a rapid pace, averaging 46.6% and 24.4%, respectively. 

Conclusion

In this post, we mentioned the top 7 best cheap stocks to buy now under $10. I hope you get to know about some cheap stocks. On the other hand, if you want to invest in above mention stocks, then it is very crucial to analyze that stocks. 

If you like this post then let us know in the comment section. Happy Investing!

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