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TheStreet Open House

10 Stocks Under $10 With Upside

NEW YORK ( TheStreet) -- Empresas ICA (ICA), Citigroup (C), Mizuho Financial Group (MFG), Natuzzi (NTZ), Sumitomo Mitsui Financial (SMFG), Gentium S.p.A. (GENT), Bona Film Group (BONA), Lloyds Banking Group (LYG), China Ming Yang Wind Power (MY) and Flamel Technologies (FLML) are expected to return up to 112%, based on their respective 12-month price targets.

These 10 stocks have market caps above $100 million and are trading at less than $10 a share. Analysts expect these 10 stocks to outperform their peers and broader markets, based on their respective 12-month price targets. These stocks have an upside potential of 24% to 112% with an average upside value of around 61% and average buy ratings of 69%.

These stocks pan sectors such as financials, information technology, engineering, furniture, pharmaceuticals and entertainment.


10. Citigroup (C) is a diversified, international financial services conglomerate.

Net income reported for first-quarter 2011 was $3 billion, declining from $4.4 billion in the year-ago quarter but doubling sequentially. The 32% drop in first-quarter earnings topped analysts' estimates as earnings from consumer banking improved and reduced the allowance for future losses.

Consumer net credit losses dropped 32% to $5.4 billion, driven by the continued improvement in credit cards and residential real estate lending. Net credit losses were $6.3 billion, sliding 25% from 2010 first quarter. As a sign of improving credit quality, Citigroup's total allowance for loan losses at the end of March was $37 billion, or 5.8% of total loans, down from $49 billion, or 6.8%, in the same period last year.

For 2011 first quarter, Citigroup reported revenue of $19.7 billion, narrowing 22% from 2010's first quarter. Net interest revenue was $12.2 billion, 16% lower than the prior-year period, largely attributable to declining loan balances in local consumer lending.

The stock is trading at 10.6 times its estimated 2010 earnings with a potential upside of 24% in the next year.

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