With the macro outlook for small-cap and mid-cap stocks improving, now is a good time to buy cheap stocks under $10.
In the last few months, amid fears about inflation and subsequent interest rate hikes by the Federal Reserve, most small-cap and mid-cap stocks have tumbled sharply.
But now, there is concrete evidence that the omicron variant of the coronavirus is significantly less harmful than earlier variations of the virus. Specifically, after analyzing the U.K.’s data, Oxford professor John Bell reported that the tally of vaccinated people in ICUs is “very, very low,” while omicron “does appear to be less severe, and many people spend a relatively short time in hospital.”
Therefore, I expect worries about inflation and rapid Fed rate hikes to ease soon, creating a much better environment for small-cap and mid-cap stocks.
So with the macro environment improving for those names, here are seven stocks under $10 to buy:
The post 7 of the Best Cheap Stocks Under $10 for 2022 to Buy Now originally appeared at InvestorPlace.