Five Stocks Making Moves Under $10
Investing in stocks is something that a lot of people do but even more people wish they could do but cannot.
The most significant reason that people do not or cannot buy stocks is because they think they can't afford to.
Investing can be expensive since the old adage – “it takes money to make money,” – rings especially true when it comes to putting your money into the stock market. It is a common misconception that investing in stock has to require a great deal of money in order to be worth the effort.
There are, however, a number of stocks at any given time that can generate impressive gains, but won't have you paying through the nose.
Here are some great stocks that you can buy for less than ten dollars and that might just prove to be as close to that something-for-nothing free lunch type of stock you've been looking for.
ReneSola (NYSE: SOL)
ReneSola is a solar energy company and like most it is losing money in the current market. But don't let that scare you away as it is one of the few solar energy companies predicted by analysts to turn a serious profits next year.
Giant Interactive (NYSE: GA)
Giant is an online gaming company that is making a big splash in the industry in China. The stock is trading 44 percent higher than it was at the beginning of 2013 and is on pace to generate a $0.92 per share profit by year's end. It is best to jump on this one quickly since it probably will not be trading for under $10.00 much longer.
Nokia (NYSE: NOK)
The name is certainly a familiar one and as such many beginning investors may not be aware that their stock is currently selling for only $6.41 per share. The stock posted gains of 38 percent and 19 percent in consecutive weeks and made a decision recently to sell its devices and services business for just over $7 billion. From an investment standpoint that gives the stock a bit of a safety cushion.
Oncothyreon (NASDAQ: ONTY)
It may not be the easiest name to pronounce but it is one of the biopharmaceutical stocks that is generating a lot of buzz with investors recently. The company develops synthetic vaccines and molecules that treat cancer patients. Shares generated strong initial interest and have begun to show signs of a big trade. The time to buy is definitely now.
Radio One (NASDAQ: ROIAK)
Radio One is a multimedia company that aims at African-American and urban demographics. Its shares have begun to bounce significantly high and are on the verge of a major breakout trade. This is another one that you will want to jump on quickly.
This is by no means an exhaustive list but it is certainly one that can get you started buying low-price potentially-high-return stocks.
These are stocks that analysts are seeing as making big moves and are favorites among short-term traders. Precedent has shown that more often than not stocks that are on the lower end of the price range but that make large-percentage moves tend to be indicative of the start of a major new trend.
Any one of the stocks listed here could be that new-trend-starting stock and the prices they are listed at currently should make them very hard for any investor to resist.
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