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5 cheap stocks to add to your watchlist now

The stock market has been volatile for a while now and it will likely continue to show the same tendency. However, many stocks are also trading below their 52-week lows, and we believe this is the time for investors to snap up some potential bargains. Here are the 5 stocks that investors should add to your watchlist now.

5 cheap stocks to add to your watchlist now

The stock market has been volatile for a while now and it will likely continue to show the same tendency. Several market participants expect geopolitical tensions and a hawkish Federal Reserve to continue plaguing markets. The FED point to a strong determination to bring inflation under control, with interest rates likely to rise quickly.

However, many stocks are also trading below their 52-week lows, and we believe this is the time for investors to snap up some potential bargains. But before moving deep into the topic let’s read a few of the best investing quotes from the most successful stock market investors of this time.

  • “Unless you can watch your stock holding decline by 50% without becoming panic-stricken, you should not be in the stock market.” – Warren Buffet.

  • It takes remarkable patience to hold on to a stock in a company that excites you, but which everybody else seems to ignore. You begin to think everybody else is right and you are wrong. But where the fundamentals are promising, patience is often rewarded.” – Peter Lynch.

  • “I never attempt to make money on the stock market. I buy on the assumption that they could close the market the next day and not reopen it for five years.” – Warren Buffet.

Here are the 5 stocks that investors should add to your watchlist now.

  1. Arrival (NASDAQ: ARVL)

The first stock on our list is the London-based electric automaker Arrival. The British startup is partnering with UPS, which has placed an order for 10,000 of the company’s electric delivery vans. The company aims to deliver 400 to 600 vans to customers in FY2022. The company trades on the Nasdaq under the ticker symbol “ARVL.” Shares of Arrival trade are near $4 and currently sports an approximation market capitalization of $1.9 billion.

  1. Palantir (NYSE: PLTR)

Palantir helps to provide software solutions for counterterrorism investigations. The software firm went public on September 30, 2020. Palantir stock drop 60% since its all-time highs in January of last year. We expect the stock may rebound back to above $20 eventually if the company continues to report solid revenues and healthier margins. On the daily time frame, the $PLTR is currently supported at $10, and it has now a market capitalization of roughly $25.7 billion.

  1. Robinhood Markets (NASDAQ: HOOD)

Robinhood Markets, the trading website that transformed the brokerage industry. The online trading platform stock has plunged more than 65% since its July 2021 initial public offering and the stock collapsed to below $10 after peaking at $85 after its IPO debut. The company reported weaker-than-expected Q4 results On Jan. 27, 2022. But here's the thing: the company is popular among first-time traders and at current prices, it's a relative bargain.

  1. Fisker (NYSE: FSR)

Fisker is an American EV startup headed by renowned car designer Henrik Fisker. Fisker has already received over 30,000 retail orders and 1,600 fleet orders for the new model. FSR stock had declined almost 22% this year and the stock trade now at $12.20 per share. Shares of FSR have gained 21.4% in price over the past month. Fisker is a good stock to hold for the long-term with the new development of electronic vehicles.

  1. Tilray (NASDAQ: TLRY)

Tilray is a global leader in cannabis research and the top marijuana producer in Canada. The company reported a surprise profit for the fourth quarter and revenue in the quarter ended Feb. 28 increased 23 per cent to $152 million. The stock has been range-bound over the past 6 months. The next few years are expected to be a high growth period for Cannabis stocks. $TLRY is currently trading for less than $7 per share so it is an affordable option for investors.

Trading is risky and your entire investment may be at risk. Please ensure that you fully understand the risks involved.

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