4 Top Stocks Under $5 Rated 'Strong Buy' in the POWR Ratings
StockNews
Published Oct 25, 2021 04:55PM ET
4 Top Stocks Under $5 Rated 'Strong Buy' in the POWR Ratings
A solid third-quarter earnings season, the decline in jobless claims, and the potential passage of a trillion-dollar infrastructure spending bill in the near term have lately made investors bullish. Because the broader market’s uptrend has pushed many stocks to now trade at high prices, we think it could be wise to bet on low-priced stocks Grupo Bimbo (GRBMF (OTC:GRBMF)), Yiren Digital (NYSE:YRD) (Y.R.D.), Jiayin Group (NASDAQ:JFIN), and A.R.C. Document Solutions (A.R.C.). These names possess solid fundamentals and growth prospects. They are also rated ‘Strong Buy’ in our proprietary POWR Ratings system. Read on.A solid third-quarter earnings season so far has kept the stock market upbeat. The decline in jobless claims for two straight weeks to reach its lowest level since the outbreak of the pandemic added to investor optimism.
Another factor driving market sentiment is that President Biden’s trillion-dollar infrastructure spending plan may finally be passed in the near term. Many high-profile House progressives are willing to vote on the infrastructure bill in exchange for President Biden’s assurance on the passage of a multi-trillion-dollar reconciliation package next.
Since the market’s uptrend has driven several stocks to high price levels lately, fundamentally sound stocks Grupo Bimbo, S.A.B. de C.V. (GRBMF), Yiren Digital Ltd. (Y.R.D.), Jiayin Group Inc . (JFIN), and A.R.C. Document Solutions, Inc. (A.R.C.), which are currently trading at less than $5, could be ideal bets now. Each of these stocks is rated Strong Buy in our proprietary POWR Ratings system.
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