2 Promising Growth Stocks Trading Under $10 a Share
Stocks trading at low prices are easily accessible to a wide pool of investors (i.e., no need to buy fractional shares), which can lead to more liquidity and a faster-moving stock. That can be both a blessing and a curse, however, depending on whether there's bearish or bullish news surrounding a business.
One way to increase the odds of success with these low-priced stocks is to invest in companies with significant growth opportunities. Two stocks trading at less than $10 a share that growth investors will want to consider buying for the long haul are Ginkgo Bioworks (NYSE: DNA) and Palantir Technologies (NYSE: PLTR). Let's find out a bit more about these two growth stocks.
Ginkgo Bioworks is a cell programming company that ARK Invest CEO Cathie Wood is a fan of; it currently trades at just over $3 per share. What's promising about the business is that it has the potential to achieve growth in many different industries. In the food and agriculture industry, it projects that demand for engineered products could be worth at least $800 billion within the next two decades. And in healthcare, the potential could be north of $500 billion. There are also opportunities in consumer goods, materials and energy, and other industries.
Source Fool.com
