11 Best Cheap Stocks to Buy Now
Wondering “What are the best cheap stocks to buy right now?” then you have landed on the right place.
The Stock Markets all over the world suffered major turmoil during the COVID crisis. However, the markets have shown a significant amount of recovery and a distinct upwards turn. This is a fantastic opportunity for investors to invest some money in stocks. When the markets are somewhat volatile, the best foot forward is to identify the best cheap stocks to buy now. These best cheap stocks to buy now have the potential to grow manifold in the future and provide fantastic returns to the investors. In this post, we will take a look at the 11 cheap stocks to buy now. Let’s get started.
Foley Trasimene Acquisition Corp. (WPF)
Kicking off our list of the 11 cheap stocks to buy now, is Foley Trasimene Acquisition Corp. (WPF). The firm operates as a blank check company. The Company aims to acquire one and more businesses and assets, via a merger, capital stock exchange, asset acquisition, stock purchase, and reorganization. Foley Trasimene Acquisition serves customers in the States of Nevada.
Jaws Acquisition Corp. (JWS)
Next on our list of the 11 cheap stocks to buy now, is Jaws Acquisition Corp. (JWS). The firm operates as a blank check company. The Company aims to acquire one and more businesses and assets, via a merger, capital stock exchange, asset acquisition, stock purchase, and reorganization. Jaws Acquisition serves customers in the State of Florida.
Social Capital Hedosophia Holdings Corp. III (IPOC)
Next on our list of the 11 cheap stocks to buy now, is Social Capital Hedosophia Holdings Corp. III (IPOC). The firm operates as a blank check company. The firm intends to identify and invest in innovative and agile technology companies. The company was founded on October 18, 2019 by Chamath Palihapitiya and Ian Osborne and is headquartered in Palo Alto, CA.
Nexa Resources S.A. (NEXA)
Next on our list of the 11 cheap stocks to buy now, is Nexa Resources S.A. (NEXA). Formerly known as VM Holding SA, it is a Luxembourg-based company engaged in the mineral resources industry. The Company is a metals and mining entity mainly engaged in zinc content production, and whose product portfolio also includes copper, lead, silver, and gold. Its mining and smelting presence is located in Brazil, conducted by Votorantim Metais Zinco SA, and in Peru, conducted by Compania Minera Milpo SAA, and Votorantim Metais-Cajamarquilla SA. Its controlling shareholder is Votorantim SA, a Brazilian privately owned industrial conglomerate that holds ownership interests in metal, steel, cement, energy and pulp companies, among others.
First Midwest Bancorp, Inc. (FMBI)
Next on our list of the 11 cheap stocks to buy now, is First Midwest Bancorp, Inc. (FMBI). The firm operates as the bank holding company for First Midwest Bank that provides various banking products and services. The company accepts checking, NOW, money market, and savings accounts, as well as various types of short-term and long-term certificates of deposit. Its loan products include working capital loans; accounts receivable financing; inventory and equipment financing; sector-based lending, including healthcare, asset-based lending, structured finance, and syndications; agricultural loans; and mortgages, home equity lines and loans, personal loans, specialty loans, and consumer secured and unsecured loans, as well as funding for the construction, purchase, refinance, or improvement of commercial real estate properties. The company operates 127 locations and 178 automated teller machines in metropolitan Chicago, southeast Wisconsin, northwest Indiana, central and western Illinois, and eastern Iowa. First Midwest Bancorp, Inc. was incorporated in 1982 and is headquartered in Chicago, Illinois.
Cadence Bancorporation (CADE)
Next on our list of the 11 cheap stocks to buy now, is Cadence Bancorporation (CADE). It is a bank holding company, which engages in the provision of corporations, middle-market companies, small businesses, and consumers with banking and financial solutions. It operates through the following segments: Banking, Financial Services, and Corporate. The Banking segment offers deposit products and lending services through its commercial banking, retail banking, and private banking business lines. The Financial Services segment includes trust, retail brokerage, and investment services. The Corporate segment consists of parent-only activities, including debt and capital raising, and intercompany eliminations. The company was founded in 2009 and is headquartered in Houston, Texas.
First Financial Bancorp. (FFBC)
Next on our list of the 11 cheap stocks to buy now, is First FInancial Bancorp. (FFBC). It is a regional bank holding company. First Financial is engaged in the business of commercial banking and other banking and banking-related activities through its subsidiary, First Financial Bank, National Association (the Bank). The range of banking services provided by First Financial to individuals and businesses includes commercial lending, real estate lending and consumer financing. First Financial offers deposit products that include interest-bearing and non-interest-bearing accounts, and cash management services for commercial customers. First Financial’s Wealth Management division provides a range of trust and asset management services. It operates 159 banking centers in Ohio, Indiana and Kentucky. It operates its Commercial Finance division, responsible for its insurance lending business and franchise lending business, from a non-banking center location in Indiana.
Carnival Corporation & Plc (CCL)
Next on our list of the 11 cheap stocks to buy now, is Carnival Corporation & Plc (CCL). It is a British-American cruise operator, currently the world’s largest travel leisure company, with a combined fleet of over 100 vessels across 10 cruise line brands. A dual-listed company, Carnival is composed of two companies, Panama-incorporated US-headquartered Carnival Corporation and UK-based Carnival plc, which function as one entity. Carnival Corporation is listed on the New York Stock Exchange and Carnival plc is listed on the London Stock Exchange. Carnival is listed in both the S&P 500 and FTSE 250 indices.
The Panama-incorporated entity Carnival Corporation has headquarters in the United States, with operational headquarters located in the city of Doral, Florida. The UK entity Carnival plc is based in Southampton,
Costamare Inc. (CMRE)
Next on our list of the 11 cheap stocks to buy now, is Costamare Inc. (CMRE). It is a holding company, engages in the provision of containerships chartering. The firm owns vessels such as new build containerships and second hand vessels. The company was founded on April 21, 2008 and is headquartered in Monaco.
Hollysys Automation Technologies Ltd. (HOLI)
Next on our list of the 11 cheap stocks to buy now, is Hollysys Automation Technologies Ltd. (HOLI). It is a provider of automation and control technologies, and products. The Company’s segments include Industrial Automation (IA), Rail Transportation (rail), Mechanical and Electrical (M&E), and Miscellaneous. Its technologies are applied through its industrial automation solution suite, including the Distributed Control Systems, Programmable Logic Controller, Real-time Management Information System, HolliAS Asset Management System, Operator Training System, Batch Application Package, Advanced Process Control Package (HolliAS APC Suite), Safety Instrumentation System (SIS), railway signaling system of Train Control Center, Automatic Train Protection, Subway Supervisory and Control platform, nuclear power non-safety automation and control system HolliAs-NMS DCS and other products. It serves customers in the industrial, railway, subway, nuclear power, and mechanical and electronic industries in China, Southeast Asia, India, Europe and the Middle East.
Stratasys Ltd. (SSYS)
Rounding off our list of the 11 cheap stocks to buy now, is Stratasys Ltd. (SSYS). It provides 3D printing and additive manufacturing solutions for individuals, businesses, and enterprises. Its 3D printing systems utilize its fused deposition modeling (FDM) and inkjet-based PolyJet technologies to enable the production of prototypes, tools used for production, and manufactured goods directly from 3D CAD files or other 3D content. The company offers entry-level desktop 3D printers to systems for rapid prototyping, and production systems for direct digital manufacturing. It also provides 3D printing consumable materials, including FDM cartridge-based materials, PolyJet cartridge-based materials, non-color digital materials, and color variations. Its products and services are primarily used in the automotive, aerospace, medical, dental, education, and consumer goods markets. The company sells its products through a network of resellers and independent sales agents worldwide. Stratasys Ltd. was founded in 1989 and is headquartered in Eden Prairie, Minnesota.
So these were the 11 cheap stocks to buy now. Because of their low price, the risk is also very low. The main reason behind that is these stocks have already reduced in price before you purchased them and usually, the only way is up. As long as you plan to invest long term, you might be able to make good money with these 11 cheap stocks to buy now.