With all three of the major indexes continuing to break records, it may seem like most stocks are trading at very high prices. But there are still plenty of low-priced stocks that would make great additions to your portfolio. Stocks such as Sirius XM Holdings Inc. (NASDAQ:SIRI), Catalyst Pharmaceuticals, Inc. (CPRX), and Nokia Corp. ADR (NYSE:NOK) are all trading below $10 but have the potential for higher gains in the months ahead.Many investors love to invest in lower-priced stocks as they can offer higher potential for gains. Low-priced stocks typically don’t get the attention they deserve by the greater investment community.
But that doesn't mean lower-priced stocks are bad. On the contrary, plenty of stocks trading at low prices could be great additions to your portfolio. In fact, many of these stocks have higher market caps than you would think. The trick is to find the stocks with the best prospects for gains.
That's where our proprietary POWR Ratings system comes into play. Stocks with grades of A or B have a higher potential for gains than stocks with lower grades. That's why investors should consider companies such as Sirius XM Holdings Inc. (SIRI), Catalyst Pharmaceuticals, Inc. (CPRX), and Nokia Corp. ADR (NOK), which are rated highly in our system.