Cheap stocks are risky. But, they have the potential to make huge gains. Below, you’ll find some of the best cheap stocks to buy right now, in 2022. The opportunities for this year are wide and varied across many industries. So, you’ll find that these stocks reflect that.
Top Cheap Stocks to Buy Now
No. 1 Banco Bradesco SA (NYSE: BBD)
Industry: Brazilian Financial Services: banking, wealth and investment/advisory services
Home Country: Brazil
Market Cap: $34.5 billion
News: Recently, Banco Bradesco, one of the best cheap stocks to buy now, announced that Pix Saque is now registered with 22K companies. Pix Saque is a payment brand owned by Banco. And it’s unique because it merges the digital payment world with physical cash.
Here’s how it works. A QR code is presented to the customer. Then, they scan it with their phone, allow the transaction and get cash in their hand on the spot.
Dividend: 5%
No. 2 B2Gold Corp. (NYSE: BTG)
Industry: Gold Mining
Home Country: Canada- they own mines in South America, Africa and the Philippines
Market Cap: $4.5 billion
News: Receiving a new permit for an untapped area means more revenue flow. This cheap stock to buy now recently received a permit they needed. And, they’ve begun drilling one of the untapped mines.
Dividend: No
No. 3 Paysafe Ltd. (NYSE: PSFE)
Industry: Online Payments
Home Country: United Kingdom
Market Cap: $2 billion
News: Recently, this cheap stock has brought on a new chairman. Plus, the company’s partnered with many brands. Including Hard Rock Online Casino in New Jersey. And they’ve been adding more people to their ‘digital wallets team.’ An expansion into sports betting is also a noteworthy achievement. And it’s one that happened within the past few months.
Dividend: No
No. 4 Kosmos Energy Ltd. (NYSE: KOS)
Industry: Offshore Energy Exploration: specifically, oil and gas
Home Country: United States
Market Cap: $2.6 billion
News: Recently, this cheap stock to buy now has been busy with an appraisal of a newer well. In addition, results came out better than they expected. So, that means higher revenues for Kosmos. And, higher profits.
Dividend: No
No. 5 Cazoo Group Ltd. (NYSE: CZOO)
Industry: Auto Retail, online ordering for buying cars
Home Country: United Kingdom
Market Cap: $2 billion
News: This cheap stock has been busy lately. They’ve become sponsors of several large associations. Such as, Real Sociedad, a Spanish football club. And, they’ll be on Valencia SF shirts in a stadium for European football.
Dividend: No
No. 6 Pitney Bowes Inc. (NYSE: PBI)
Industry: Global Logistics: shipping, financial services and technology
Home Country: United States
Market Cap: $826 million
News: This cheap stock has received a Forbes 2022 America’s Best Large Employers badge and title. The company also launched an advanced shipping platform. And, they released a poll saying customers still prefer at-home delivery. That is, over curbside pickup.
Dividend: 4%
No. 7 Telefonica SA (NYSE: TEF)
Industry: Telecommunications
Home Country: Spain, but they operate around Europe and South/Mid- Americas
Market Cap: $24 billion
News: This is one of the largest telecom providers in the world. So, this cheap stock to buy now has recently joined up with Polygon. And, Telefonica is creating solutions for Web3.
Dividend: 10.5%
No. 8 DingDong (Cayman) Ltd. (NYSE: DDL)
Industry: Logistics- they offer food distribution services
Home Country: China
Market Cap: $1 billion
News: Although this website is in Chinese, I can tell they work with many well-known food brands. Including Cheetos, Pepsi and dozens of others.
Dividend: No
No. 9 TenCent Music Entertainment Group (NYSE: TME)
Industry: Online Entertainment
Home Country: China
Market Cap: $7.5 billion
News: This cheap stock has recently been able to list on Apple Music. And as interest in the Asian culture grows in the U.S., this music is poised to succeed.
Dividend: No
No. 10 Oatly Group AB (Nasdaq: OTLY)
Industry: Food Production
Home Country: Sweden
Market Cap: $3.4 billion
News: More people are turning to plant-based foods, and this offers milk made from oats. Recently, Oatly has changed some of its Board of Directors. And, they attended a Citi Global Consumer Conference.
Dividend: No
Keep reading for more info on the best cheap stocks to buy now.
No. 11 Huttig Building Products Inc. (Nasdaq: HBP)
Industry: Building Materials
Home Country: United States
Market Cap: $250 million
News: This company has been in business for over 130 years. And, now they’re expanding. The company bought a $250 million new facility on credit.
Dividend: No
No. 12 Evolution Petroleum Corp. (NYSE: EPM)
Industry: Energy
Home Country: United States
Market Cap: $270 million
News: Evolution has recently announced higher cash dividends for this cheap stock’s shareholders. And, it acquired new assets in Wyoming.
Dividend: 5%
No. 13 Trean Insurance Group Inc. (Nasdaq: TIG)
Industry: Insurance
Home Country: United States
Market Cap: $352 million
Dividend: No
No. 14 Zynga Inc. (Nasdaq: ZNGA)
Industry: Gaming/ Social Networking
Home Country: United States
Market Cap: $10 billion
News: This cheap stock will be very busy in the next months. Because, Zynga just teamed up with Lucasfilm Games to creates new characters for a Star Wars game.
Dividend: No
No. 15 ACCO Brands Corp. (NYSE: ACCO)
Industry: Office Equipment/ Products Manufacturer
Home Country: United States
Market Cap: $817 million
News: Recently, this cheap stock has announced great earnings and sales. Plus, the company appointed a new Director to the Board. And, they’ll be participating in the BofA Securities 2022 Consumer and Retail Tech Conference.
Dividend: 3.5%
No. 16 Energy Transfer LP Unit (NYSE: ET)
Industry: Energy- oil and gas
Home Country: United States
Market Cap: $32 billion
News: In recent news releases, Energy has been expanding efforts with alternative energy. And, it’s entered an agreement to sell its energy interest in Canada.
Dividend: 6.7%
No. 17 Cornerstone Building Brands (NYSE: CNR)
Industry: Construction/ Building Materials
Home Country: United States
Market Cap: $3 billion
News: Cornerstone is a cheap stock that is entering an agreement to be bought out by another company. And this company, Clayton, Dubilier, and Rice (CDR), is paying $5.8 billion. This is great for both companies. Because it allows CDR to expand. But, it also allows Cornerstone to grow into new highs.
Dividend: No
No. 18 Nio Inc. (NYSE: NIO)
Industry: Automotive Electric Vehicle Market
Home Country: China
Market Cap: $30 billion
News: This cheap stock provided a release talking about delivery numbers for past months. And in February 2022, Nio delivered 6,131 vehicles. Plus, that’s a 9.9% increase compared to February 2021.
Dividend: No
No. 19 New Oriental Education and Technology Group Inc. (NYSE: EDU)
Industry: Education
Home Country: China
Market Cap: $2 billion
Dividend: No
No. 20 Telecom Italia (OTC: TIIAY)
Industry: Telecommunications
Home Country: Italy
Market Cap: $5.3 billion
News: This cheap stock has announced a plan by the Board of Directors to scale up and strengthen its growth.
Dividend: 4.5%
No. 21 TAL Education Group (NYSE: TAL)
Industry: Education- secondary school and tutoring
Home Country: China
Market Cap: $1 billion
News: There is not much recent news that I can find for this cheap stock to buy now. But, in 2017, TAL received the BrandZ Top 100 Chinese Brands award.
Dividend: No
Cheap Stocks to Buy Now No. 22 First Horizon Corp. (NYSE: FHN)
Industry: Financial Services- banking
Home Country: United States
Market Cap: $12.6 billion
News: TD bought First Horizon recently. And, now TD has plans to expand into the Southeast U.S. with this cheap stock.
Dividend: 2.5%
Final Thoughts on Cheap Stocks to Buy Now
As you can see, there are plenty of cheap stocks to buy now. They can help add some diversification and gains to your portfolio. And, although many cheap stocks don’t offer dividends, there are definitely some to be found. And that’s always a nice bonus when investing.