Still, these stocks are certainly worth further investigation because grabbing a few of the top names from this list might bolster your returns.
Cheap stocks to buy now march 2021 full#
Yet, it isn’t wise to pack your portfolio full of cheap, $10 or less stocks. Zacks estimates call for more top and bottom-line growth in 2022, and the stock could benefit from surging oil and energy prices.īoth stocks offer solid growth potential. The company also announced a $350 million stock buyback program on February 23 when it reported its fourth quarter results.Ĭentennial Resource Development’s management team said the repurchase plan is “supported by robust two-year outlook and resilient through commodity price cycles.” CDEV stock has soared from under $0.50 a share during the initial covid selloff to roughly $8.50 on Tuesday. CDEV has easily topped our quarterly earnings estimates in three out of the last four periods, including a 30% beat in Q4. CDEVĬentennial Resource Development is an independent oil producer focused in the Delaware Basin, which is a sub-basin of the Permian Basin in West Texas. The company is focused on smartphones and other efforts to help “democratize space capture and drive adoption.” Zacks estimates call for its revenue to climb 17% in 2022 and surge another 54% in FY23.Ĭentennial Resource Development, Inc. Meanwhile, its total subscribers soared 98% to 503K, with its spaces under management up 54% to 6.7 million. Matterport went public via a SPAC in 2021 and its revenue climbed 29% to $111 million. With that said, some penny stocks perform incredibly well, which helps them remain attractive. These stocks also carry many other traits that, in many cases, cause excessive volatility. Meanwhile, penny stocks often trade infrequently and hold wide bid/ask spreads. Many investors avoid these stocks because they are speculative in nature. One dollar or less used to be the common threshold for what we call “penny stocks.” Today, the SEC has expanded penny stocks to securities that trade for less than $5 a share.
Cheap stocks to buy now march 2021 how to#
Today, we used a Zacks screen to help show investors how to find strong, highly-ranked stocks that are trading for under $10 per share… Investors who can handle further downside risk might want to consider buying stocks in the early days of March. Let’s also remember that valuations have been recalibrated close to pre-covid levels. Plus, interest rates should remain historically low for years to come even when the Fed starts to raise rates, which should keep Wall Street chasing returns in stocks. That said, Wall Street doesn’t appear to have gone into full panic mode yet, with the S&P 500 down just around 3% from its late-January lows, which was weeks before the initial Russian attacks. Predicting what happens next on the geopolitical front is extremely difficult.
0 kommentar(er)
