No one likes a front runner. Playing the stock market is more fun when you are looking for deals. What is the point of dumping all of your money into Amazon or Apple when you could try to glimpse the future?
The future may not even be in finding the next Amazon or Apple. The most rewarding stocks rarely come with the shiny name recognition of these brands. Even better, the future may not even cost you all that much.
There are promising stocks to be had for under $10. Heck, you can even get them for under $9.
That is exactly the bar we set when compiling this list. Read on for a glimpse of the future in the form of nine stocks you can currently purchase for less than $9 per share.
9 Promising Stocks to Invest in Before They Blow Up
We did not discriminate against any specific types of businesses when assembling this list. You will find stocks from the tech sector, cannabis, and even food service as you keep reading. After all, we all want diversity in our portfolios, right?
Whether you are an investing pro or simply looking to dip your toe in the market, we think you will find these are the best stocks to invest in right now.
See for yourself.
1. Origin House (ORHOF)
Cannabis is one of the hottest markets in the United States right now, thanks to the legalization of recreational marijuana. When you view options for investing, you see a landscape littered with cannabis companies.
Origin House has positioned itself as one of the highest volume supplier of cannabis products to dispensaries in California. You could do a lot worse than investing in a company active in the biggest market of one of the hottest industries in existence.
Origin House is expanding too. The company recently acquired 180 Smoke, one of the largest vape retailers in Canada. You could stand to expand your portfolio with a share or two of Origin House.
2. Viking Therapeutics (VKTX)
Viking Therapeutics is a biotech company with several experimental drugs currently in evaluation phases. One, VK2809, is for treating nonalcoholic fatty liver disease and high cholesterol. Another, VK5211, has the potential to help patients recovering from hip fractures.
Large drug manufacturers are racing to get to market their drugs that treat nonalcoholic steatohepatitis, or NASH. VK2809 may help treat a severe type of NASH, and it is worth getting in on the ground floor before the drug is launched to the public.
3. AudioEye, Inc. (AEYE)
Every business owner and even many individuals need a website these days. AudioEye works with firms that design sites and online platforms. The company’s mission is to provide cloud-based digital accessibility tools.
Cloud-based computing is on the rise, and we expect AudioEye to benefit from that steady growth market.
4. BlackBerry Limited (BB)
It may surprise you to see BlackBerry on the list. It shouldn’t.
The company no longer makes its once-popular smartphones. Instead, BlackBerry has pivoted to become a software and services provider. In that capacity, it is one of the best low cost stocks available for long-term growth potential.
5. eGain Corporation (EGAN)
eGain is another beneficiary of the popularity of cloud computing. Instead of accessibility, eGain focuses on B2C customer engagement.
With eGain’s cloud software solutions, companies can provide customer service that draws from a wealth of knowledge from multiple channels. This is an innovation in customer service that could rocket eGain’s stock well past its current price.
6. Sirius XM (SIRI)
Sirius XM is a great buy, but not just for its incredible revenue. The company has changed its investing structure to hike the dividend and increase buybacks. These changes will reward investors at a higher rate.
Outside of these structural changes, Sirius XM is a smart, steady investment. The company generates a ton of free cash flow.
As outdated as the radio may seem in the era of streaming, satellite radio comes standard in almost every vehicle now. It is here to stay, and Sirius XM is its biggest player.
7. Algonquin Power & Utilities (AQN)
Speak of stability, let’s talk about the utilities market. People are not going to stop needing power any time soon, so it is wise to find a stock that reflects this relatively stable industry.
We say “relatively” because there are constant innovations being made in utilities. Most of them have to do with becoming increasingly environmentally friendly.
This is why we like Algonquin Power & Utilities. The utility provider has a branch that provides customers with natural gas, but it is also invested in diversifying power sources and distribution.
Since Algonquin is based in Ontario, it may be off the radar of other American investors. Pounce now before word spreads.
8. WisdomTree Investments (WETF)
WisdomTree began as a finance magazine in the 1980s. Today, it is one of the most promising ETP providers on the market. Consider WisdomTree a more stable version of investing in bitcoin, in that it is a security that grows with the growth of other stocks.
What makes WisdomTree appealing is twofold. One, the company keeps innovating its product. Two, it keeps acquiring other companies that make it competitive in the marketplace.
9. Arcos Dorados (ARCO)
Two words: Big Mac. Okay, here are a few more words.
Arcos Dorados is the largest franchisee of McDonald’s. The company is especially active in the Latin American restaurant sector. This is a growing population in the United States, and with McDonald’s as dominant as it is in the industry and on the stock market, we like the odds of Arcos Dorados becoming more dominant as well.
Seize the Stock!
Finding promising stocks is fun. Finding promising stocks for under $9 is next-level fun. Now that you have read our guide to these nine stocks, you can invest based on our suggestions or develop criteria to assemble a list of your own.
There is plenty more advice where this list came from too. Check out all of our money tips for more.