Top 9 Cheap Stocks Under $5 to Watch for Potential Growth

Are you on the lookout for cheap stocks to invest in? Investing in stocks under $5 can be a great way to diversify your portfolio without breaking the bank. In this article, we will explore some of the top cheap stocks that show potential for growth and profitability. These undervalued stocks appear in the portfolios of highly rated large-cap value funds, making them attractive options for investors looking to capitalize on their growth potential.

One of the best cheap stocks to consider is iQiyi Inc. (NASDAQ:IQ), a Chinese online streaming platform that has gained popularity in recent years. Payoneer Global Inc. (NASDAQ:PAYO) is another affordable stock option to watch, offering global payment solutions for businesses and individuals. Sibanye Stillwater Ltd. (NYSE:SBSW) and Sandstorm Gold Ltd. (NYSE:SAND) are two other cheap stocks under $5 that show promise for growth and profitability.

Canadian Bank VersaBank has recently reversed after a breakout, making it a stock to watch for potential growth. Zoom Video Communications (NASDAQ:ZM) is another affordable stock option that has shown strong performance in the past year. These undervalued stocks present an opportunity for investors to capitalize on their growth potential and profitability.

To buy stocks under $5, you'll first need a brokerage account, which you can set up in about 15 minutes. Once you've added money to the account, you can start investing in cheap stocks that show potential for growth. Altria, a tobacco company listed as NYSE: MO, is an affordable stock option that has seen its share price slide in recent years, making it an attractive investment opportunity for value investors.

The stock market has been on a blistering bull run, with the S&P 500 surging roughly 28% over the past year. Despite this upward trend, there are still opportunities to invest in cheap stocks that show potential for growth and profitability. Every day, financial experts at Benzinga identify the best stocks to buy under $5, providing investors with valuable insights into affordable stock options.

While the U.S. stock markets are near record highs, there are still growth stocks like SoFi and Tesla that look relatively cheap and trade at a discount. These high-quality companies offer affordable stock options for investors looking to diversify their portfolios and capitalize on potential growth opportunities.