The best cheap stocks in the world right now include plenty of names in America. However, it is increasingly more difficult to find good investments with a low share price in the domestic market.
Sure, you can find lots of cheap stocks to buy under
When putting together my list of the best cheap stocks in the world, I focused on companies that have outperformed year-to-date and have stable businesses that operate in the black or at least are in spitting distance of breakeven. I also focus on cheap stocks under
Lastly, while I'm eager to look anywhere in the world, I demand companies have a
You should always tread lightly when buying cheap stocks, since these companies are off the beaten path and often include plenty of risks. However, if you time it right, you can make a bundle by buying the best cheap stocks before they gap up.
Here's my list of the best cheap stocks in the world, featuring plays in
Avid Technology
Industry: Software
Market Cap:
Share Price:
Forward P/E: 5.8
YTD Performance: +26% vs. 6% for the S&P 500
Before we get to some of the international names on the list of the best cheap stocks to buy now, I have to highlight Massachusetts' own
There are few places you'll find a stock with this many bullish factors in its favor. AVID has outperformed the market nicely so far in 2016 but is still comfortably under
As a communications technology company involved with cable TV, internet publishing, live concerts and other media applications, Avid is seeing strong growth. And it's not just a robust business -- it's a potential acquisition target as it continues to succeed.
Banco Bradesco
Industry: Banking
Market Cap:
Share Price:
Forward P/E: 9.8
YTD Performance: +86%
The iShares MSCI Brazil Index ETF (EWZ) is one of the best-performing country funds in 2016 with 60%-plus returns, but the major Brazilian bank
Even after this big rebound after a year-and-a-half of pain, however,
Buying a big financial stock, especially in an emerging market, has its risk. But the bargain price-to-earnings ratio sweetens the deal a bit.
First Bancorp
Industry: Banking
Market Cap:
Share Price:
Forward P/E: 12
YTD Performance: +51%
From one troubled region's bank to another, we now move to Puerto Rico's
Unlike
But at the end of June, the passage of a debt relief bill showed legislators finally willing to help the island nation. FBP stock has rallied strongly as a result on the news, and is now at a new 52-week high on optimism that
Career Education
Industry: Educational and Professional Services
Market Cap:
Share Price:
Forward P/E: 166
YTD Performance: +84%
Let's pivot back to the domestic now. The Obama administration and
Given this,
However, this stock has soared as the "diploma mills" in the for-profit ed space have been punished ... while CECO picks up their scraps.
Grupo Simic
Industry: Steel
Market Cap:
Share Price:
Forward P/E: 0.9
YTD Performance: +38%
Vehicle sales hit a record in 2015, and halfway through 2016, the industry was expecting the pace of sales to top even last year's high-water mark. This naturally means strong demand for the Mexican manufacturer thanks to its relationship with automakers north of the border.
SIM continues to see both its profits and revenue march steadily higher, and this cheap stock is currently bumping against its highest levels since 2014. So don't delay, because it won't be cheap much longer.
CYS Investments
Industry: Real Estate
Market Cap:
Share Price:
Forward P/E: N/A
YTD Performance: +24%
A currently unprofitable company dealing in mortgage paper may not be at the top of your list of investments. But mortgage real estate investment trust (mREIT)
For starters, let's acknowledge that for all the doom and gloom out there, it is quite good to be involved in the housing market in 2016. By any measure, prices continue to rise. Median home prices shot past pre-recession levels to new all-time highs. National home prices were up 5.7% in June, according to
Also, let's remember that a low-interest-rate environment is great for mortgage paper-pushers like CYS. And while there's lots of talk about liftoff, the world is not exactly getting tighter on rates -- if anything, they are only going lower.
So bet against a 10%-yielding REIT that has doubled the market with share appreciation year-to-date if you like. But me? I'm taking a close look at CYS as one of the cheap best stocks to buy now.
Mobile TeleSystems
Industry: Telecom
Market Cap:
Share Price:
Forward P/E: 10.0
YTD Performance: +37%
Keeping with the international theme throughout this list is Mobil'nye Telesistemy PAO (MBT) -- a Russian telecom simply known as
As with the investments in
Sure, the nation is very oil-dependent and Vladimir Putin is not exactly loved by the West. However, the country continues to push into the wireless and internet age and MBT stock has a big role to play.
And based on
1-800-Flowers.com
Industry: Flowers & Gifts
Market Cap:
Share Price:
Forward P/E: 16.3
YTD Performance: +28%
Whether you see flowers as a nice discretionary purchase or a chore centering around commercialized holidays like Valentine's Day, blooms are a part of life (and death, since they decorate many a funeral).
With the power of the
The company had a hard 2015, but it's back on the path to growth and is approaching a new 52-week high following quarterly earnings last week saw a quarterly loss in-line with estimates.
Unsurprisingly, the bulk of the profits come around the holidays, so don't read too much into the short-term. The long-term continues to show improving sales and revenue for this cheap stock.
Enova International
Industry:
Market Cap:
Share Price:
Forward P/E: 7.9
YTD Performance: +45%
There is assuredly risk in this group, as evidenced by the roughly 70% plunge in
ENVA has put on quite a show in 2016 with over 40% gains year-to-date, and investors worried about a downturn may actually find comfort in a company that provides credit to those who need it.
It's sad but true, but if things sour for low-income Americans, then they turn to lenders like
Cliffs Natural Resources
Industry: Mining
Market Cap:
Share Price:
Forward P/E: 15.5
YTD Performance: +260%
After bankruptcy fears dissipated after strong earnings reports from
But the worst is certainly over for Cliffs.
The company has obviously seen better days; five years ago, CLF stock traded for about