We use cookies to understand how you use our site and to improve your experience.
This includes personalizing content and advertising.
By pressing "Accept All" or closing out of this banner, you consent to the use of all cookies and similar technologies and the sharing of information they collect with third parties.
You can reject marketing cookies by pressing "Deny Optional," but we still use essential, performance, and functional cookies.
In addition, whether you "Accept All," Deny Optional," click the X or otherwise continue to use the site, you accept our Privacy Policy and Terms of Service, revised from time to time.
You are being directed to ZacksTrade, a division of LBMZ Securities and licensed broker-dealer. ZacksTrade and Zacks.com are separate companies. The web link between the two companies is not a solicitation or offer to invest in a particular security or type of security. ZacksTrade does not endorse or adopt any particular investment strategy, any analyst opinion/rating/report or any approach to evaluating individual securities.
If you wish to go to ZacksTrade, click OK. If you do not, click Cancel.
Best Cheap Stocks Under $10 to Buy Now for October
Read MoreHide Full Article
Key Takeaways
Buying the best cheap stocks ($10 or less) right now and throughout October is easier than you think.
Buy surging, cheap (~$5.66 a share) financial stock Lloyds Banking for growth, value, and breakout potential.
Despite near-term obstacles, the S&P 500 and the Nasdaq are trading near their all-time highs heading into October and the final quarter of 2026.
Investors aiming to buy stocks right now and throughout October might want to consider looking beyond the broader AI-everything trade.
Today we dig into why investors might want to buy highly-ranked cheap stocks that are trading for under $10 a share, especially if Wall Street rotates some of their winnings from the soaring AI trade to other pockets of Wall Street.
On top of their cheap, under-$10-a-share prices, the stocks we learn how to find boast improving earnings outlooks that land them strong Zacks Ranks.
Wall Street is also very high on these cheap stocks trading for $10 a share or less to consider buying to start October.
Penny Stocks
One dollar or less used to be the common threshold for what we call “penny stocks.” Today, the SEC has expanded penny stocks to securities that trade for less than $5 a share. Many investors avoid these stocks because they are speculative in nature.
Meanwhile, penny stocks often trade infrequently and hold wide bid/ask spreads. These stocks also carry many other traits that, in many cases, cause excessive volatility. With that said, some penny stocks perform incredibly well, which helps them remain attractive.
How to Find the Best Cheap Stocks Under $10 to Buy Now
Moving on, let’s briefly discuss the next class of cheap stocks. Stocks that trade in the $5 to $10 range are generally less risky than their penny stock counterparts. Investors might be more likely to have heard of these companies or seen the tickers. They are, however, still inherently more speculative than many other higher-priced stocks.
Investors can obviously find winning stocks for under $10 if they are extremely selective. So today, we narrowed the list of thousands of these more speculative stocks down to a more manageable group of $10 and under stocks that might help boost your portfolio.
Screen Parameters
• Price less than or equal to $10
• Volume greater than or equal to 1,000,000
• Zacks Rank less than or equal to 2
(No Holds, Sells or Strong Sells.)
• Average Broker Rating less than or equal to 3.5
(Average Broker Rating of a Hold or Better.)
• # of Analysts in Rating greater than or equal to 2
(Minimum of at least two analysts covering the stock.)
• % Change F1 Earnings Estimate Revisions -- 12 Weeks greater than or equal to 0
(Preferably upward earnings estimate revisions, but definitely no downward revisions.)
Here is one stock out of the roughly 60 highly-ranked stocks trading under $10 a share that made it through the screen today…
Buy Soaring Cheap Finance Stock LYG for Value, Growth, and Breakout Potential
Lloyds Banking Group ((LYG - Free Report) )is one of Britain’s largest high-street banks. It takes deposits, writes mortgages, issues credit cards and personal loans, lends to businesses, and much more. LYG also sells insurance, pensions, and investments under brands like Lloyds, Halifax, Bank of Scotland, and Scottish Widows.
Image Source: Zacks Investment Research
LYG stock has soared 130% in the past five years to blow away the broader Zacks Finance sector’s 54% and the S&P 500’s 81%. Lloyds Banking’s huge run helped it break above a key 2014/2015 range. On top of that, the stock recently experienced a long-term bullish golden cross, with its 50-week moving average climbing above its long-term 200-week moving average.
The UK-focused financial services stock is down 10% from its August peaks, with its average Zack price target implying 20% upside from its current levels.
Lloyds Banking is trading at a 25% discount to its 10-year highs and 13% below its industry, and near its 10-year median at 9.4X foward 12-month earnings.
Image Source: Zacks Investment Research
Lloyds Banking launched its Accelerate 2030 plan at the end of July. The four-year plan aims to cut about £2 billion of gross costs by 2030, while driving steady income growth and higher returns.
The strategy rests on three pillars: growing the franchise, innovating products and services, and simplifying how the bank operates.
Image Source: Zacks Investment Research
LYG is projected to grow its revenue by 16% in 2026 and another 7% next year. More importantly, it’s projected to expand its adjusted earnings by 53% in FY26 and 15% in FY27 to hit $0.63 a share vs. $0.36 in 2025, based on the most recent Zacks estimates.
Lloyds Banking’s upward EPS revisions land it a Zacks Rank #2 (Buy) right now.
Get the rest of the stocks on this list and start looking for the newest companies that fit these criteria. It's easy to do. And it could help you find your next big winner. Start screening for these companies today with a free trial to the Research Wizard. You can do it.
Want more articles from this author? Scroll up to the top of this article and click the FOLLOW AUTHOR button to get an email each time a new article is published.
Disclosure: Officers, directors and/or employees of Zacks Investment Research may own or have sold short securities and/or hold long and/or short positions in options that are mentioned in this material. An affiliated investment advisory firm may own or have sold short securities and/or hold long and/or short positions in options that are mentioned in this material.
View the Zacks #1 Rank List
Image: Bigstock
Best Cheap Stocks Under $10 to Buy Now for October
Key Takeaways
Despite near-term obstacles, the S&P 500 and the Nasdaq are trading near their all-time highs heading into October and the final quarter of 2026.
Investors aiming to buy stocks right now and throughout October might want to consider looking beyond the broader AI-everything trade.
Today we dig into why investors might want to buy highly-ranked cheap stocks that are trading for under $10 a share, especially if Wall Street rotates some of their winnings from the soaring AI trade to other pockets of Wall Street.
On top of their cheap, under-$10-a-share prices, the stocks we learn how to find boast improving earnings outlooks that land them strong Zacks Ranks.
Wall Street is also very high on these cheap stocks trading for $10 a share or less to consider buying to start October.
Penny Stocks
One dollar or less used to be the common threshold for what we call “penny stocks.” Today, the SEC has expanded penny stocks to securities that trade for less than $5 a share. Many investors avoid these stocks because they are speculative in nature.
Meanwhile, penny stocks often trade infrequently and hold wide bid/ask spreads. These stocks also carry many other traits that, in many cases, cause excessive volatility. With that said, some penny stocks perform incredibly well, which helps them remain attractive.
How to Find the Best Cheap Stocks Under $10 to Buy Now
Moving on, let’s briefly discuss the next class of cheap stocks. Stocks that trade in the $5 to $10 range are generally less risky than their penny stock counterparts. Investors might be more likely to have heard of these companies or seen the tickers. They are, however, still inherently more speculative than many other higher-priced stocks.
Investors can obviously find winning stocks for under $10 if they are extremely selective. So today, we narrowed the list of thousands of these more speculative stocks down to a more manageable group of $10 and under stocks that might help boost your portfolio.
Screen Parameters
• Price less than or equal to $10
• Volume greater than or equal to 1,000,000
• Zacks Rank less than or equal to 2
(No Holds, Sells or Strong Sells.)
• Average Broker Rating less than or equal to 3.5
(Average Broker Rating of a Hold or Better.)
• # of Analysts in Rating greater than or equal to 2
(Minimum of at least two analysts covering the stock.)
• % Change F1 Earnings Estimate Revisions -- 12 Weeks greater than or equal to 0
(Preferably upward earnings estimate revisions, but definitely no downward revisions.)
Here is one stock out of the roughly 60 highly-ranked stocks trading under $10 a share that made it through the screen today…
Buy Soaring Cheap Finance Stock LYG for Value, Growth, and Breakout Potential
Lloyds Banking Group ((LYG - Free Report) ) is one of Britain’s largest high-street banks. It takes deposits, writes mortgages, issues credit cards and personal loans, lends to businesses, and much more. LYG also sells insurance, pensions, and investments under brands like Lloyds, Halifax, Bank of Scotland, and Scottish Widows.
Image Source: Zacks Investment Research
LYG stock has soared 130% in the past five years to blow away the broader Zacks Finance sector’s 54% and the S&P 500’s 81%. Lloyds Banking’s huge run helped it break above a key 2014/2015 range. On top of that, the stock recently experienced a long-term bullish golden cross, with its 50-week moving average climbing above its long-term 200-week moving average.
The UK-focused financial services stock is down 10% from its August peaks, with its average Zack price target implying 20% upside from its current levels.
Lloyds Banking is trading at a 25% discount to its 10-year highs and 13% below its industry, and near its 10-year median at 9.4X foward 12-month earnings.
Image Source: Zacks Investment Research
Lloyds Banking launched its Accelerate 2030 plan at the end of July. The four-year plan aims to cut about £2 billion of gross costs by 2030, while driving steady income growth and higher returns.
The strategy rests on three pillars: growing the franchise, innovating products and services, and simplifying how the bank operates.
Image Source: Zacks Investment Research
LYG is projected to grow its revenue by 16% in 2026 and another 7% next year. More importantly, it’s projected to expand its adjusted earnings by 53% in FY26 and 15% in FY27 to hit $0.63 a share vs. $0.36 in 2025, based on the most recent Zacks estimates.
Lloyds Banking’s upward EPS revisions land it a Zacks Rank #2 (Buy) right now.
Get the rest of the stocks on this list and start looking for the newest companies that fit these criteria. It's easy to do. And it could help you find your next big winner. Start screening for these companies today with a free trial to the Research Wizard. You can do it.
Click here to sign up for a free trial to the Research Wizard today.
Want more articles from this author? Scroll up to the top of this article and click the FOLLOW AUTHOR button to get an email each time a new article is published.
Disclosure: Officers, directors and/or employees of Zacks Investment Research may own or have sold short securities and/or hold long and/or short positions in options that are mentioned in this material. An affiliated investment advisory firm may own or have sold short securities and/or hold long and/or short positions in options that are mentioned in this material.
Disclosure: Performance information for Zacks’ portfolios and strategies are available at: www.zacks.com/performance_disclosure