This Day On The Street
Continue to site right-arrow
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
Stocks Under $10 with 50-100% upside potential - 14 days FREE!

3 Stocks Under $10: 2 Buys and 1 Sell


NEW YORK ( TheStreet) -- Who doesn't love a bargain? Whether at the grocery store or to get our oil changed, everybody loves a deal. In fact, Groupon (GRPN) has built an entire business model around our desire to spend less.

However, it's not the same on the stock market. Wall Street doesn't send out coupons, only reminders that, "Price is what you pay, value is what you get."

Even so, there remains an attraction to what seems like a "cheap" price. Investors are drawn to the perceived less-risky proposition of the per-share amount. But are they really less risky or is it the higher number of shares that one can presumably afford?

Regardless of the reason, what remains true is that if the business does well, the stock price will follow. With that in mind, here's a look at three stocks that are trading under $10 -- two to buy and one to avoid.

Buy Nokia (NOK)

The first stock we're going to take a look at is Nokia, which I'm recommending as a buy. Shares are currently trading around $4, down 2% for the year to date. But don't be fooled. Since reaching a low of $3.02 on April 19, the stock has been up by as much as 42% when factoring the $4.24 per share reached on July 9. Still, if you've been following this company for a while, you have every right not to be excited.

Despite these gains, we can say it pales in comparison to the $60 per share level that the stock reached in 2000. More recently, we know Nokia is still far from the $30 per share mark reached in 2008, which means that investors have lost more than 90% over the past decade. Companies don't reach the depths that Nokia has suffered without having grossly mismanaged its business.

However, there are now signs that things are beginning to turn around. I'm not suggesting that Apple (AAPL) and Google (GOOG) should suddenly fear their positions in the smartphone race. But I'm willing to now give Nokia's management credit for improving the company's financial position. They've done this, while at the same time keeping Nokia's head above water as it sorts things out.

1 of 4

Select the service that is right for you!

Action Alerts PLUS
Try it NOW

Jim Cramer and Stephanie Link actively manage a real portfolio and reveal their money management tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
  • Weekly roundups
TheStreet Quant Ratings
Try it NOW
Only $49.95/yr

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
  • Upgrade/downgrade alerts
Stocks Under $10
Try it NOW

David Peltier, uncovers low dollar stocks with extraordinary upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
  • Weekly roundups
Dividend Stock Advisor
Try it NOW

Jim Cramer's protege, David Peltier, identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Alerts when market news affect the portfolio
  • Bi-weekly updates with exact steps to take - BUY, HOLD, SELL
Real Money Pro
Try it NOW

All of Real Money, plus 15 more of Wall Street's sharpest minds delivering actionable trading ideas, a comprehensive look at the market, and fundamental and technical analysis.

Product Features:
  • Real Money + Doug Kass Plus 15 more Wall Street Pros
  • Intraday commentary & news
  • Ultra-actionable trading ideas
Options Profits
Try it NOW

Our options trading pros provide daily market commentary and over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.

Product Features:
  • 100+ monthly options trading ideas
  • Actionable options commentary & news
  • Real-time trading community
  • Options TV
To begin commenting right away, you can log in below using your Disqus, Facebook, Twitter, OpenID or Yahoo login credentials. Alternatively, you can post a comment as a "guest" just by entering an email address. Your use of the commenting tool is subject to multiple terms of service/use and privacy policies - see here for more details.
Submit an article to us!


DOW 17,804.80 +26.65 0.15%
S&P 500 2,070.65 +9.42 0.46%
NASDAQ 4,765.38 +16.9840 0.36%

Brokerage Partners

Rates from

  • Mortgage
  • Credit Cards
  • Auto

Free Newsletters from TheStreet

My Subscriptions:

After the Bell

Before the Bell

Booyah! Newsletter

Midday Bell

TheStreet Top 10 Stories

Winners & Losers

Register for Newsletters
Top Rated Stocks Top Rated Funds Top Rated ETFs