Cheap stocks can be a great way for investors to potentially see big returns without breaking the bank. Here are seven cheap stocks that have been performing well:
1. Zynga Inc. (ZNGA) – Known for popular mobile games like FarmVille and Words with Friends, Zynga has seen steady growth in its stock price.
2. Groupon Inc. (GRPN) – Despite facing tough competition in the online deals space, Groupon has managed to turn things around and its stock has been on the rise.
3. Sirius XM Holdings Inc. (SIRI) – The satellite radio company has been a solid performer, with a loyal customer base and strong financials.
4. Ford Motor Company (F) – Ford has been making a comeback in the auto industry, with a focus on electric vehicles and innovative technology.
5. Nokia Corporation (NOK) – The Finnish tech company has been gaining traction with its 5G technology and partnerships with major telecom companies.
6. Chesapeake Energy Corporation (CHK) – Despite some recent struggles, Chesapeake Energy has been performing well in the energy sector.
7. Fitbit Inc. (FIT) – The wearable fitness tracker company has been a strong performer, with a focus on health and wellness products.
These cheap stocks may offer investors the opportunity for high returns, but it’s important to do thorough research and consider the risks before investing.