Except for some smaller biotech companies, I don't exactly have a lot of stocks under $10 on my watchlist. I kinda like CCJ (trading a little over $10). Fundamentals still aren't great for CCJ, but I feel like it has underperformed and a lot of negatives have priced into the stock. If we get a little bit of a turnaround on uranium prices, this thing could run a bit.
Thanks for the DD on CCJ, @stock1234. Looking at the news it was running nicely before they announced expected to report a net loss for 2016. Nice pop today considering the markets. Nice big gap to fill it takes off.
I'll have to brainstorm on these. To be honest, it's not really my trading style. I usually just look at charts and try to play a swing trade with targets and stops already built into my trading plan. I'll try to think about some industries I think will do well this year and see if I can find anything.
Haven't done a ton of research on it as I just swing trade mostly and don't really do this type of research, but what about CDTI. With everything trying to go more green, this might be one. It's in the price range you were looking for.
I was thinking about this a couple days ago, stocks under $10, and I can't believe it wasn't mentioned here but there's GPRO. I think it fits a mold of AMD (tech stock, suffered a huge dropoff). And when I started thinking of that, FIT came to mind too. Another one is MEET. That one just started a death cross (50-day below 200-day). But has nice price ratios, especially in relation to MTCH. There's VUZI but that one is still going down. You can take your time researching that one haha.
CHK looking solid after a 3 month consolidation period. I think oil will rise under trump considering his multiple positions in the oil companies. FCX also looks promising after the mysterious death of it's CEO last year.
Recommended by @T0m3nted Fundamentals for CDTI are very week but to be expected of stock in this price range. Big pop yesterday but giving back today on low volume. There is a double top waiting at 4.25 if CDTI should take off. Worth keeping an eye on
Recommended by @anotherdevilsadvocate GPRO fundamentals look good as well as the growth. It was almost a $18 stock not long ago as it trades above the 50DMA and below the 200 Day and approaching the overbought level. Definitely has merit.
Right now I also like the emerging markets over the US market I think they will do well as long as the dollar doesn't surge a lot higher
The next one from @anotherdevilsadvocate is FIT and GPRO reports on February 2 Fit has strong fundamentals and rides in the middle of a tightened BB that usually signals a break of the bands one way or another. It took a sharp drop in November to the current price. Earnings are on Feb 27. $6.80ish might be a good entry price. I will put this one on my watch list. Thanks MarcyDarcy for keeping this in the $2 to $10 range
I've been looking at STM (STMicroelectronics) as it came across a random scan I did this week. It's trading around $13 currently. They seem to have good financials and might have upcoming deals with Apple (iphone 8). I think I saw some articles on components for self driving cars also. The daily chart has looked great since their breakout back in July. It's a bit extended, so I'm hoping for a slight pullback and I'll def pick up some shares.
I'm gonna go full mainstream and say AMD. People have been waiting for Ryzen for years now and then there's Vega too that NVDA has nothing to reply with. NVDA's Tegra chip is rumored to hit the shelves by the end of 2017 tops and it gives AMD a fighting chance to grab some market share with Vega. I'm yolo buying here.
As you can see I changed the title of this thread to be more suiting for my request. I am behind in my profiling and trying to take everything in order. I will profile AMD suggested by @Clair later but their ER is Tuesday after the bell and that will tell the direction. AMD was my top pick in 2016 with a top of just under 500% MEET was suggested by @anotherdevilsadvocate MEET is a social network company a little weak in the fundamentals. I noticed that Zack's is pushing for the stock but I don't think to much of Zacks as analyst. I do agree that there PE is decent compared to the industry and makes it undervalued. I will put it on my watch list.
