This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration. Need a new registration confirmation email? Click here
BOSTON ( TheStreet) -- Citigroup(C - Get Report), Sprint Nextel(S) and Quantum(QTM) may be the best inexpensive stocks for 2011, analysts say.
After a rollercoaster ride in equity markets this year, investors are more than willing to put 2010 in the rearview mirror and look ahead to opportunities in 2011. The case has already been made for
investors to pile into quality, large-cap stocks, as money managers expect them to thrive after a decade of sluggishness.
Others may find more value in stocks trading under $5, which typically don't receive attention from mutual funds due to their miniscule share prices. Many of these low-priced stocks have proven to be winners, including
Wabash National(WNC) and
Callon Petroleum(CPE), all of which more than tripled this year.
In January, Jamie Dlugosch of
five penny stocks that offered potential rewards in 2010. Some fared incredibly well, while others languished.
For potential winners of the coming year, analyst recommendations are a good opinion source. Stocks trading under $5 typically have no analysts' coverage -- never mind a "buy" rating -- leaving investors to do the homework for themselves. However, a select few boast of favorable coverage from analysts, which can have a strong effect on share-price movements.
10 U.S. stocks trade at less than $5 and have garnered the most "buy" ratings from analysts, which could lead to high returns over the next 12 months.