5 stocks every investor knows that are trading under $10 and have huge upside potential in 2023 – 24/7 Wall St.
While most of Wall Street focuses on large and large-cap stocks because they offer a degree of safety and liquidity, many investors are limited in the number of stocks they can buy. Many of the biggest public companies, especially the tech giants, trade in the hundreds, up to over $1,000 per share or more. At these high prices, it’s hard to get decent leverage on the number of shares.
Many investors, especially more aggressive traders, look to low priced stocks as a way to not only make money, but also get a higher number of shares. This can really help the decision-making process, especially when you’re on a winner, because you can always sell half and keep half.
We scoured our 24/7 research database on Wall St. for small-cap companies that could very well offer patient investors huge returns for the remainder of 2022 and beyond. of the. Low-priced stock skeptics should remember that at one point, Amazon and Apple were trading in single digits. A stock we’ve featured over the years, Zynga, was recently purchased by Take-Two Interactive. Cogent Biosciences, which we presented in March, has tripled.
Although these five stocks are rated Buy, it is important to remember that no single analyst report should be used as the sole basis for any buy or sell decision.
The travel sector has rebounded from the decline of the COVID-19 pandemic, and this stock is an industry leader. Carnival Corp. (NYSE: CCL) operates as a leisure travel company. Its ships visit approximately 700 ports under the Carnival Cruise Line, Princess Cruises, Holland America Line, P&O Cruises (Australia), Seabourn, Costa Cruises, AIDA Cruises, P&O Cruises (UK) and Cunard brands.
The company also provides port destinations and other services, as well as owns and operates hotels, lodges, glass dome cars and coaches. It sells its cruises primarily through travel agents, tour operators, vacation planners and websites. The company operates in the United States, Canada, Continental Europe, United Kingdom, Australia, New Zealand, Asia and elsewhere. It operates 87 ships with 223,000 lower berths.
Stifel has a target price of $17 on Carnival shares. The consensus target is much higher at $30.37, but shares traded Friday at $9.20.
ALSO READ: Why The Best Bet For 2023 Remains 5 Mega-Cap U.S. Dividend-Paying Energy Stocks
This cycling and exercise platform was a big winner in the pandemic, but got hammered this year. Peloton Interactive Inc. (NASDAQ: PTON) operates interactive fitness platforms in North America and internationally. The company offers connected fitness products with touchscreens that stream live and on-demand classes under the names Peloton Bike, Peloton Bike+, Peloton Tread and Peloton Tread+.