5 High-Quality Company Stocks to Buy For Less Than $10

While many of us would love to invest like Warren Buffett or Charlie Munger, very few people have the capital resources to do so. And unfortunately, cheap stocks sometimes get left out of the mix when social-media and television pundits make recommendations.

That’s a shame because investors of all account sizes can profit from the moves made by lower-priced stocks. These moves can be swift, so it’s important to exercise caution at all times. Consider using small position sizes and stop-loss orders to limit downside.

Perhaps most important of all, be sure to stick to high-quality companies. The five that we’ll be featuring today are:

  • Nokia (NYSE:NOK)
  • Nio (NYSE:NIO)
  • Esports Entertainment Group (NASDAQ:GMBL)
  • U.S. Energy (NASDAQ:USEG)
  • U.S. Auto Parts Network (NASDAQ:PRTS)

You’re invited to add these five cheap stocks to your watch list and see for yourself if smaller prices can lead to bigger gains.

Nokia (NOK)

Source: RistoH / Shutterstock.com

Can a low-priced stock offer big dividends? You bet! NOK stock rewards income-seeking investors with a generous annual forward dividend yield of 6.28%.

This stock offers a stake in a tech firm with a rich history, as Nokia was founded in 1865. But just because it’s an older company doesn’t mean it’s not ultra-modern. From smartphones to Wi-Fi to network planning and optimization, Nokia connects businesses and individuals across multiple continents.

Best of all, Nokia was an early and strong player in the shift towards 5G connectivity technology. All in all, Nokia is a world-famous name and the stock, incredibly enough, remains easily affordable.

Nio (NIO)

Nio Stock Not Likely to Make New Highs in May as Investors Await ResultsNio Stock Not Likely to Make New Highs in May as Investors Await Results

Source: Sundry Photography / Shutterstock.com

What’s a simple and cost-efficient way to take a position in electric vehicles? Look to Chinese automotive manufacturer Nio for the answer, as its shares are much cheaper than those offered by competitor Tesla (NASDAQ:TSLA).

NIO stock wasn’t always cheaply priced below $10. Regulatory challenges and a period of low automobile sales caused some price depreciation. However there could be a comeback story in the making for NIO stock.

The company recently announced that it received $1 billion in new financing. Plus, Nio delivered 3,155 vehicles in April.

That’s more than double the sales volume during April 2019. So, it might not be long before NIO stock is back above the $10 mark.

Esports Entertainment Group (GMBL)

Source: Maridav/Shutterstock, Inc.

Esports Entertainment Group an online gambling company based in Canada with a focus on sports betting. While many have never considered investing in e-sports betting, make no mistake: this is serious business.

The proof is in the share price, as GMBL stock went all the way up to $14.70 Oct. 2019. Could it get there again? It’s certainly a possibility as Esports Entertainment Group is expanding.


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