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SOURCE Zacks Investment Research, Inc.
CHICAGO, Sept. 11, 2013 /PRNewswire/ -- Stocks in this week's article include: Axcelis Technologies (NASDAQ: ACLS – Free Report), Affymetrix (NASDAQ: AFFX – Free Report), Navios Maritime Holdings (NYSE: NM – Free Report), Sonus Networks (NASDAQ: SONS – Free Report) and TriQuint Semiconductor (NASDAQ: TQNT – Free Report). Kevin Matras looks for stocks under $10 with explosive potential.
Screen of the Week written by Kevin Matras of Zacks Investment Research:
This screen is a bit of a departure from my normal stock screens. Usually I require my screens to have a minimum price of $10 per share. But I do at times scan for stocks under $10. And that's one of the screens I'm running for myself right now.
My minimum has typically been $10. With over 10,000 stocks out there, this minimum quickly lets me cull down several thousand stocks with a click of a button.
That doesn't mean there aren't any good stocks below that price point, because there are.
And I can recall several sub-$10 stocks in the past that worked out exceptionally well. (Lions Gate is one of them. They were trading under $10 in early 2012 and are now trading over $37 (9/10/13) for more than a 270% gain.)Maybe it's because I use them sparingly. Or maybe it's because I'm ultra picky in selecting them.
Either way, there can be a place for cheaper stocks in your portfolio sometimes.
And that's what we're looking at today...
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