Stocks trading for less than $10 can be attractive for investors looking to scoop up some cheap shares. Unfortunately, quality stocks can be hard to come by in this price range. Everyone likes a bargain. But in the stock market, mindlessly chasing what looks cheap can get you in a heap of trouble. If you buy a steak at a deep discount, it may be tough and flavorless. The same can be true for stocks.
While the U.S. stock markets are near record highs, SoFi and Tesla are two growth stocks that look relatively cheap and trade at a discount. Plus, what we think of Apple and other 'Magnificent Seven' stocks ahead of earnings.
These bargain stocks are set for a turnaround in 2024. There's no shortage of great discounted stocks on the market right now. Here's a trio that long-term investors should consider buying.