Benchmark U.S. crude oil for February delivery fell $1.21 to $52.36 a barrel Thursday. Brent crude oil for March delivery fell $1.32 to $55.10 a barrel.
Wholesale gasoline for February delivery fell 3 cents to $1.53 a gallon. February heating oil fell 3 cents to $1.59 a gallon. February natural gas rose 7 cents to $2.74 per 1,000 cubic feet.
Gold for February delivery fell $21.50 to $1,829.90 an ounce. Silver for March delivery fell 94 cents to $24.87 an ounce and March copper fell 6 cents to $3.60 a pound.
The dollar rose to 103.87 Japanese yen from 103.79. The euro fell to $1.2077 from $1.2155.
10 Great Cheap Stocks to Buy Now for Under $10
As the P/E ratios of most S&P 500 companies look very expensive and the stock market continues to hit new all-time highs regularly, it's challenging for investors to find cheap stocks to buy now.
This goes for both share price since most stocks are trading higher on a per-share basis and valuation relative to earnings. Right now, the typical S&P 500 company is trading at about 25 times forward-looking earnings. Historically, S&P 500 companies have traded at about 15 times earnings in more normal markets.
While the S&P 500 as a whole is expensive, there are still a handful of undervalued stocks trading at less than $10.00 per share. Value investing opportunities for value exist if you know where to look. Putting together a list of cheap stocks to buy now requires looking into some smaller, riskier, unloved, or undiscovered parts of the market. These low-priced stocks might not look especially attractive today, but long-term investors stand to profit if they are willing to be patient and hold onto shares of these companies through multiple market cycles.
Some of these companies are great investing ideas because they're too small and too risky to attract most mutual funds and Wall Street money managers. Others have been beaten up by the market after a period of slowing earnings and profits but are now trying to turn around and bounce back.
You might find marijuana stocks, dividend-paying stocks, large-cap stocks, growth stocks, small-cap stocks, and even some bitcoin stocks in this list. While these low-priced stocks have many differences, these 10 stock picks all share a common characteristic, a super-low share price of $10.00 or less.
View the "10 Great Cheap Stocks to Buy Now for Under $10".
