The stock market experienced a pullback on Tuesday as investors took profits from semiconductor stocks. Long-term investors are encouraged to continue buying, despite current volatility in the market. Potential opportunities may lie in stocks priced under $10, which have strong earnings outlooks and favorable Zacks Ranks.
One notable stock in this category is Custom Truck One Source, Inc. (CTOS), a provider of specialty equipment for sectors like electric utility and telecom. CTOS reported first-quarter revenue of $461.6 million, a 9% increase, and has raised its full-year guidance amidst strong demand. The company is projected to shift from an adjusted loss of -$0.14 per share last year to earnings of +$0.08 per share by 2026, and has seen its stock rise 120% over the past year.
Investors can evaluate stocks under $10 using specific screening parameters, including a Zacks Rank of 2 or better and a minimum trading volume of 1,000,000 shares. This screening process aims at identifying potential winners that are less risky than traditional penny stocks.
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