Under $10 stocks appeal to many investors because they’re within the means of most people. While 100 shares of Amazon (AMZN) are more than $200,000, 100 of $10 stocks can be bought for only $1,000. All the stocks presented in the next few paragraphs of this article cost under $10 each and are based in the US. They trade on NASDAQ or the NYSE and have chosen to leave blockchain stocks out of these handful of April 2020 stock picks.
Get the Investment of the Decade with These 3 Emerging Stock Picks
Nokia (NOK)
As one of the cheapest 5G stocks available on the market, NOK is a stock for the 150 years old Finnish telecommunications, consumer and information technology multinational. Nokia is a manufacturer of 5G infrastructure equipment, which means it can become quite popular as soon as the technology starts to be adopted everywhere.
Analysts predict remarkable growth for Nokia in the future, saying its share prices could be $6.59 by the end of the year. Many are buying NOK at the moment. It should be noted the company is worth $15 billion and has seen a 14% yearly increase in sales over the past 5 years. More than this, it pays up to 8% in dividends to its investors.
ADT Security Services (ADT)
Known in the past as the ADT Corporation, ADT Security Services is a leader on the market of security services, making fire protection and electronic security systems, also offering alarm monitoring services in the US. The IPO price for ADT was $14 back in 2018. Now it trades at about $4.
In spite of the decline in its share prices, ADT still looks promising when it comes to long-term investing, especially since the company bought the small firm Defenders that sells and installs ADT systems in January this year. The move could bring many advantages and more customers to ADT, not to mention the company has also recorded a growth in the mobile security and home automation sectors.
Century Casinos, Inc. (CNTY)
The gambling sector was badly hit by the coronavirus outbreak, with Century Casinos not making an exception. However, the event may be an opportunity for investors who don’t mind waiting. Century Casinos owns and operates casinos and racetracks in the US, Canada, and Poland. While its locations are at the moment closed because of the pandemic, the company may make a big comeback as soon as it reopens its doors.
More than this, in December 2019, Century Casinos acquired Mountaineer Casino, Lady Luck Caruthersville, and Isle Casino Cape Girardeau, together with the Eldorado Resorts, Inc. resort and The Mountaineer racetrack, both for $107 million. All these acquisitions can stimulate Century Casino’s revenue growth significantly after the outbreak.
Zynga Inc. (ZNGA)
Zynga is a social game developer based in California. It creates apps for social network platforms and mobiles. It can be said that it’s amongst a small segment of stock trading that is in the green this year. Its stocks are performing well because the mobile gaming industry is not that impacted by the coronavirus pandemic.
Zynga’s last quarterly report reveals the company’s revenues increased by 48%, which is a new record for Zynga. Analysts expect its revenue growth to double by the end of 2020. The most well-known franchises of Zynga are CSR Racing, Zynga Poker, FarmVille and Words With Friends. People are sure to play more mobile games while stuck in their houses, so it may be a very smart idea to invest in ZNGA.
Sirius XM Holdings Inc. (SIRI)
Sirius XM Holdings is one of the leaders on the market of satellite radios. It has been activating for more than 10 years. Since the streaming music providers have replaced satellite radio, SIRI shares have dropped in price and are now very affordable.
However, the company is taking the necessary steps in order to remain relevant in its industry and acquired the music platform Pandora in 2019, gaining about 1.1 million new customers. Besides, it plans to partner up with car manufacturers to pre-install SiriusXM in new vehicles, which could have its business booming.
Get the Investment of the Decade with These 3 Emerging Stock Picks