Investing

5 Scorching Hot Stocks to Buy That Trade Under $10 and Have Big-Time Upside Potential

Now

This off-the-radar energy play has some solid upside potential. Now Inc. (NYSE: DNOW) distributes downstream energy and industrial products for petroleum refining, chemical processing, liquefied natural gas terminals, power generation utilities and industrial manufacturing operations in the United States, Canada and elsewhere.

The company offers its products under the DistributionNOW and DNOW brand names. It provides consumable maintenance, repair and operating supplies; pipes, valves, fittings, flanges, gaskets, fasteners, electrical products, instrumentations, artificial lift, pumping solutions, valve actuation and modular process, and measurement and control equipment; and mill supplies, tools, safety supplies and personal protective equipment, as well as applied products and applications, such as artificial lift systems, coatings and miscellaneous expendable items.

Now also offers original equipment manufacturer equipment, including pumps, generator sets, air and gas compressors, dryers, blowers, mixers, and valves; modular oil and gas tank battery solutions; and application systems, work processes, parts integration, optimization solutions and after-sales support. In addition, it provides supply chain and materials management solutions that include procurement, inventory and warehouse management, as well as solutions for logistics, point of issue technology, project management, business process and performance metrics reporting.

Stifel has set a $12 price target. The posted consensus target is slightly higher at $12.17, and the shares were last seen on Friday at $7.48 apiece.

Waitr

Food delivery has never been bigger than over the past year due to the pandemic, and the growth could potentially continue. Waitr Holdings Inc. (NASDAQ: WTRH) provides online food ordering and delivery services in the United States. Its Waitr Platform and Bite Squad Platform facilitate ordering of food and beverages by diners from restaurant partners for pick-up and delivery through a network of drivers.

Waitr recently announced it will be partnering with payment processing company Flow Payments to create a cannabis delivery and payment processing service for legal marijuana dispensaries. The partnership will create a platform combining Waitr’s delivery technology and resources with Flow Payments’ processing to facilitate the sale and delivery of cannabis where state and federal laws allow.

The Benchmark price target is $4. The consensus target is up at $6, but Waitr stock closed trading on Friday at $1.15.


These are five stocks for aggressive investors looking to get share count leverage on companies that have sizable upside potential. While not suited for all investors, they are not penny stocks with absolutely no track record or liquidity, and major Wall Street firms have research coverage.

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