Finance

Goodyear Tire & Rubber Co. (GT) is ranked 9th on list of cheap stocks under $10.

by Market News Data

From Yahoo Finance: 2025-04-23 12:24:00

  • Goodyear Tire & Rubber Co. (NASDAQ:GT) is analyzed against other cheap stocks to buy under $10, with the stock priced at $9.93 and a forward P/E ratio of 7.19. The company develops, manufactures, and distributes tires for various applications and is focusing on premium tiers and enhancing its US manufacturing capabilities.
  • Tom Lee of Fundstrat discussed market trends, predicting potential market lows due to ongoing economic risks and uncertainty. He emphasized resilience in companies and the possibility of positive policy shocks. Lee also highlighted Bitcoin’s potential to catch up to gold in value.
  • A list of 10 cheap stocks under $10 was compiled using the Finviz stock screener and hedge fund data. Goodyear Tire & Rubber Co. (NASDAQ:GT) ranks 9th on the list with 37 hedge fund holders. The company faces challenges in the consumer replacement market but sees growth in the US Consumer OE sector.
  • Goodyear Tire & Rubber Co. (NASDAQ:GT) plans to introduce new product lines in the US and invest in manufacturing capabilities. Despite challenges in the consumer replacement market, the company’s US Consumer OE sector is driving growth. An Oklahoma facility modernization project aims to add new capacity for premium tires.
  • While GT shows growth potential, the focus is on AI stocks for high returns. An AI stock has shown gains in 2025, outperforming popular AI stocks. For more on the cheapest AI stock, check out the report. GT ranks 9th on the list of best cheap stocks under $10, emphasizing AI stocks’ promise for high returns within a shorter timeframe.

Read more: Is Goodyear Tire & Rubber Co. (NASDAQ:GT) the Best Cheap Stock to Buy Under $10?

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