![]() ![]() Specific to Kinross Gold, I like the fact that the company is positioned for production growth in the coming years. Gold can therefore remain in a long-term uptrend. Furthermore, even if interest rates trend higher, real rates are likely to remain negative for an extended period. While there are talks about a relatively early rate hike, I am bullish on gold for two reasons.įirst and foremost, the delta variant and its economic impact might delay the rate hike. Electrameccanica Vehicles (NASDAQ: SOLO)Īmong gold mining stocks, KGC stock looks attractive after underperforming in the current year.With that in mind, these seven stocks whose shares are trading for less than $10 look promising right now: The stocks highlighted below are from diversified sectors that might have multi-year positive tailwinds. Their low price isn’t their only appeal these stocks seem to be undervalued and positioned for a strong rally in the next few quarters. Let’s talk about seven cheap stocks that are trading for less than $10. However, even if only a few cheap stocks double, it’s likely to have a meaningful impact on the overall portfolio. Of course, not all stocks will give 5-fold or 10-fold returns. Currently, the stock trades for more than $40. Investors can buy a decent lot size and these stocks can be potential portfolio catalysts.įor example, one year ago, Marathon Digital (NASDAQ: MARA) stock was trading at $2.38. However, it’s a good idea to also consider buying cheap stocks that could provide multi-fold returns. Fractional investing gives small investors an opportunity to consider exposure to large-cap stocks that trade well above $1,000. ![]()
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