3 Great Stocks Under $10
The stock market continues to trek higher, setting new highs on a regular basis. But not everyone is cheering. The S&P 500's cyclically adjusted P/E ratio, also known as the Shiller P/E ratio after Nobel Laureate Robert Shiller, is now at its highest mark ever, save for the run-up during the dot-com bubble. In other words, the stock market is relatively expensive right now, which makes it more difficult to find good value.
Even though stock price alone doesn't tell investors anything about whether an investment opportunity provides good value, there are a few stocks under $10 worth a closer look in this overpriced market. Here's why Brazilian oil giant Petrobras (NYSE: PBR), genetic-testing leader Invitae (NYSE: NVTA), and solar panel manufacturer SunPower (NASDAQ: SPWR) have a lot to offer long-term investors despite near-term challenges.
Image source: Getty Images.
Source: Fool.com
Petroleo Brasileiro ADR Stock
With 6 Buy predictions and not the single Sell prediction the community is currently very high on Petroleo Brasileiro ADR.
With a target price of 16 € there is a positive potential of 26.98% for Petroleo Brasileiro ADR compared to the current price of 12.6 €.
