From Nasdaq: 2024-11-19 16:06:00

Wall Street bulls maintain control as earnings reports from tech giants like Nvidia, Walmart, and Target loom. Investors eye lower corporate taxes and less regulation under a potential second Trump term. CNN’s Fear and Greed Index sits at Neutral, suggesting the market is not overheated. Consider cheap stocks under $10 for potential gains.

Penny stocks, now defined as those under $5, are often avoided due to volatility and speculative nature. Stocks in the $5 to $10 range offer less risk but are still speculative. Selecting from these stocks can yield winners. Criteria for screening include price, volume, Zacks Rank, analyst coverage, and earnings estimate revisions.

Applied Digital Corporation, trading under $10, is an AI-focused stock worth considering. The company exceeded Q1 FY25 earnings estimates and is expanding its digital infrastructure capabilities. With strong revenue growth projections and a Zacks Rank #2, Applied Digital is attracting attention from investors, including Nvidia.

Applied Digital’s stock has risen 105% in the past year but is still down from 2021 levels. The company’s balance sheet has improved, and it is considered a buy by six out of seven brokerage recommendations. With a Zacks price target 38% higher than its current price, Applied Digital offers potential upside for investors seeking AI-focused opportunities.

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Read more at Nasdaq: Buying Great Cheap Stocks Under $10 for December and Beyond