4 Buy-Rated Stocks Trading Under $10

As the market looks forward to concluding 2020 on a positive note, many investors have started eyeing stocks that have upside going into 2021. Low priced socks are preferred by investors that want to invest only a nominal dollar amount in stock markets. However, before betting on a low-priced stock, it is critical that one judge its upside potential based on several factors…

It is advisable to always look at the fundamentals of a company and the growth prospects of its industry. This is by far the best strategy to pick a low-priced, long-term winner. Another factor that investors should consider is a stock’s trading volume. Usually, high-volume indicates good liquidity, while low volume could suggest difficulty in selling a stock at a chosen time.

Sirius XM Holdings Inc. (SIRI – Get Rating), United Microelectronics Corporation (UMC – Get Rating), A10 Networks, Inc. (ATEN – Get Rating), and 22nd Century Group, Inc. (XXII – Get Rating) are four stocks that are currently trading at less than $10. These stocks represent different industries that have solid growth prospects. Also, these stocks have enough fundamental strength to soar going into 2021 we believe.

Sirius XM Holdings Inc. (SIRI – Get Rating)

SIRI offers subscription-based satellite radio services in the United States. It broadcasts programming includes various genres of music, entertainment, sports, comedy, news, traffic, as well as weather forecast channels. The company provides streaming services available on smartphones and tablets that include music and non-music channels and podcasts. It also delivers channels not available on its satellite radio service.

Howard Stern, the so-called “King of All Media,” recently announced an extension of his long-running deal with satellite radio giant SiriusXM for its flagship show by five years. The deal covers the Stern archive for seven more years.