NEW YORK (
TheStreet's David Peltier is on the lookout for stocks trading for less than $10 that can deliver big returns.
One sector that has caught Peltier's eye is small-cap retail. Specifically, he's looking at
(PSUN - Get Report), which has doubled so far this year.
However, Peltier doesn't think loading up on the name is necessarily a good idea right now. "The company is not even supposed to be profitable for another year," he added.
Some other retailers he pointed out were
(WTSL - Get Report) and
New York & Company
(NWY - Get Report), both of which have performed very well year to date as well.
"All these stocks are up at least 50%, 70%, if not 100%, year to date. I'd like to see a pullback before buying any of these names," he concluded.
-- Written by Bret Kenwell in Petoskey, Mich.