On August 1, Abigail Yoder, JPMorgan’s chief US equity strategist, joined ‘Closing Bell’ on CNBC to suggest that investors are looking past an economic slowdown and focusing on secular growers. The then-current month was ending on a strong note, following a four-month-long rebound rally.. Yoder believes that while there has been some valuation expansion, bringing the market back to 22.5x earnings, the rally is built on solid fundamentals. She cited better-than-expected Q1 earnings and even stronger Q2 earnings, which had seen growth expectations jump from 5% to 8.5% after recent reports.
Yoder also believes that the market is looking past a projected economic slowdown in H2 2025 and is focusing on a re-acceleration in 2026. She stated that the market has clarity on policy, with more trade deals being completed and the Reconciliation bill passed, which benefits large-cap companies by allowing them to immediately expense certain costs. She believes the market is focusing on secular growers and that these are the areas to put fresh money into. The market’s return attribution has narrowed again, with the largest growth stocks driving most of the returns. Yoder acknowledged this as a concern regarding concentration risk but argued that when these stocks are backed by strong fundamentals, it is not necessarily a bad thing.
That being said, we’re here with a list of the 10 best large cap penny stocks to buy under $10.
A business person consulting with their financial advisor showing their portfolio of stocks.
Our Methodology
We sifted through the Finviz stock screener to compile a list of the top large-cap penny stocks under $10 that were trading between $10 billion and $200 billion, as of August 5. We then selected the 10 stocks that were the most popular among elite hedge funds and that analysts were bullish on. The stocks are ranked in ascending order of the number of hedge funds that have stakes in them, as of Q1 2025.
Why are we interested in the stocks that hedge funds pile into? The reason is simple: our research has shown that we can outperform the market by imitating the top stock picks of the best hedge funds. Our quarterly newsletter’s strategy selects 14 small-cap and large-cap stocks every quarter and has returned 373.4% since May 2014, beating its benchmark by 218 percentage points (see more details here).
10 Best Large Cap Penny Stocks to Buy Under $10
10. Aegon Ltd. (NYSE:AEG)
Market Capitalization as of August 5: $11.28 billion
Share Price as of August 5: $7.12
Number of Hedge Fund Holders: 10
Aegon Ltd. (NYSE:AEG) is one of the best large cap penny stocks to buy under $10. On July 23, Morgan Stanley analyst Hadley Cohen lowered the firm’s price target on Aegon to €6.90 from €7.00, while keeping an Overweight rating on the shares. Prior to this announcement, the company had already announced its Q1 2025 financial results.
In this quarter, Aegon’s operating capital generation/OC before holding funding and operating expenses increased by 4% to €267 million. This growth was attributed to business expansion, though it was partially offset by unfavorable mortality experience in the US. As of March 31, Aegon’s cash capital at Holding was €1.6 billion.
Despite an uncertain macroeconomic environment, Aegon expects to meet its financial targets for 2025. Aegon experienced strong commercial momentum in several areas, including its US Strategic Assets Individual Life and World Financial Group/WFG, as well as its UK Workplace platform and International segments. Asset management third-party net flows also remained positive.
Aegon Ltd. (NYSE:AEG) provides insurance, pensions, retirement, and asset management services in the Americas, the Netherlands, the UK, and internationally.
9. Lloyds Banking Group (NYSE:LYG)
Market Capitalization as of August 5: $64.66 billion
Share Price as of August 5: $4.33
Number of Hedge Fund Holders: 13
Lloyds Banking Group (NYSE:LYG) is one of the best large cap penny stocks to buy under $10. On August 4, Morgan Stanley raised the firm’s price target on Lloyds Banking to 100 GBp from 95 GBp, while keeping an Overweight rating on the shares. Preceding this announcement, the company reported its Q2 2025 earnings, with a revenue of £3.36 billion, which was a 6.7% increase from the previous year.
This performance contributed to a GAAP earnings per share of 2.10 pence. For H1 2025, net income rose 6% to £8.9 billion, and statutory pre-tax profit increased 5% to £3.5 billion. The bank reaffirmed its guidance for the full year 2025. It projects an underlying net interest income of around £13.5 billion.
In the overall first half of 2025, Lloyds Banking Group saw a 6% increase in net income, which rose to £8.914 billion from £8.393 billion. Earnings per share also saw a rise to 3.8 pence, compared to 3.4 pence in the prior year. The company’s underlying profit before impairment grew by 11% to £4 billion, up from £3.6 billion a year ago. This was fueled by a 5% year-over-year increase in underlying net interest income, which totaled £6.66 billion.
Lloyds Banking Group (NYSE:LYG) provides a range of banking and financial products and services in the UK and internationally.
8. Telefonaktiebolaget LM Ericsson (NASDAQ:ERIC)
Market Capitalization as of August 5: $22.67 billion
Share Price as of August 5: $7.38
Number of Hedge Fund Holders: 15
Telefonaktiebolaget LM Ericsson (NASDAQ:ERIC) is one of the best large cap penny stocks to buy under $10. On July 31, Ericsson announced a new commercial agreement with SoftBank Corp. of Japan, strengthening their existing partnership. Ericsson has been selected as a radio equipment vendor to enhance SoftBank’s 4G and 5G networks and expand its 5G Standalone coverage.
The agreement covers network enhancements in the Hokkaido, Tohoku, Kanto, Hokuriku, Tokai, and parts of the Kansai regions of Japan. Ericsson will now supply products and solutions from its Ericsson Radio System, covering low, mid, and high-band frequencies. The new equipment includes the lightweight Massive MIMO AIR 3255, which reduces energy consumption by up to 35% compared to previous models, and the energy-efficient, high-capacity, ultra-wideband AIR 6476.
Ericsson will also provide its latest generation RAN Compute (basebands) optimized for real-time AI execution, which is powered by Ericsson Silicon and the Many-Core Architecture/EMCA. This technology will enable SoftBank to improve network quality and operational efficiency with AI, enhance user experience, and reduce energy consumption.
Telefonaktiebolaget LM Ericsson (NASDAQ:ERIC) provides mobile connectivity solutions to communications service providers, enterprises, and the public sector.
7. CEMEX (NYSE:CX)
Market Capitalization as of August 5: $12.59 billion
Share Price as of August 5: $8.33
Number of Hedge Fund Holders: 17
CEMEX (NYSE:CX) is one of the best large cap penny stocks to buy under $10. On July 29, Barclays raised the firm’s price target on Cemex to $10 from $9, while maintaining an Overweight rating on the shares. The firm says that CEMEX is combining a structural transformation and capital efficiency to drive long-term shareholder returns.
Before this announcement, CEMEX showcased a 38% increase in net income for Q2 2025, which was supported by favorable foreign exchange rates and a decrease in interest expenses. For H1, debt income reached a record of $1.05 billion. The company also reported free cash flow from operations of ~$200 million for the quarter.
The company’s pricing strategy has been effective, with cement, ready-mix, and aggregate prices increasing by 5%, 6%, and 8% respectively, since the start of the year. Energy costs on a per-ton basis for cement declined by 14%. CEMEX anticipates achieving $200 million in savings for the year, with a run rate of $400 million by 2027.
CEMEX (NYSE:CX) produces, markets, distributes, and sells cement, ready-mix concrete, aggregates, urbanization solutions, and other construction materials and services worldwide.
6. AGNC Investment Corp. (NASDAQ:AGNC)
Market Capitalization as of August 5: $10 billion
Share Price as of August 5: $9.6
Number of Hedge Fund Holders: 22
AGNC Investment Corp. (NASDAQ:AGNC) is one of the best large cap penny stocks to buy under $10. Earlier on July 10, UBS raised the firm’s price target on AGNC Investment to $9.50 from $8.50, while keeping a Neutral rating on the shares. After this announcement, the company announced its financial results for Q2 2025.
AGNC Investment Corp. reported a comprehensive loss of $0.13 per common share. This was comprised of a net loss of $0.17 per common share and other comprehensive income of $0.05 per common share.
The company’s investment portfolio totaled $82.3 billion as of June 30 this year. The portfolio included $73.3 billion in Agency MBS, $8.3 billion in net forward purchases/sales of Agency MBS in the to-be-announced market, and $0.7 billion in credit risk transfer and non-Agency securities.
AGNC Investment Corp. (NASDAQ:AGNC) provides private capital to the housing market in the US. The company qualifies as a real estate investment trust for federal income tax purposes.
5. Haleon (NYSE:HLN)
Market Capitalization as of August 5: $41.73 billion
Share Price as of August 5: $9.29
Number of Hedge Fund Holders: 22
Haleon (NYSE:HLN) is one of the best large cap penny stocks to buy under $10. On August 6, Haleon, which is a consumer healthcare company, and the Indian Dental Association/IDA announced their partnership to host the inaugural DENTAL 20/D20 International Symposium. The event was held over 2 days at the Jio World Convention Centre in Mumbai, India and was inspired by the G20 vision of collective progress.
The symposium brought together a group of international stakeholders, such as experts, policymakers, and academic and industry leaders from India, as well as representatives from the Fédération Dentaire Internationale/FDI and its regional organizations. The symposium aimed to tackle persistent global disparities in oral health outcomes, access to care, and the standardization of dental practices and policies.
Discussions were centered on 3 critical areas: learning from successful international strategies to better implement oral health policies, advocating for the integration of innovative preventive & early detection models into healthcare systems, and identifying & addressing standardization gaps in dental education, research, & clinical practice.
Haleon (NYSE:HLN) researches, develops, manufactures, and sells various consumer healthcare products in North America, Europe, the Middle East, Africa, Latin America, and the Asia Pacific.
4. Nokia Oyj (NYSE:NOK)
Market Capitalization as of August 5: $22 billion
Share Price as of August 5: $4.09
Number of Hedge Fund Holders: 29
Nokia Oyj (NYSE:NOK) is one of the best large cap penny stocks to buy under $10. On August 5, Nokia announced a partnership with Empyrion Digital, which is a leading digital infrastructure provider in Asia. Nokia will provide its data center gateway and aggregation switches to power connectivity for Empyrion’s newly launched KR1 Gangnam Data Center in Seoul, South Korea.
The partnership will help Empyrion Digital manage growing data traffic and provide high-performance network services to its hyperscale and enterprise customers. Nokia’s IP network solution for the data center includes the 7250 Interconnect Router/IXR, which will serve as data center gateways and core network switches, and the 7210 Service Access System/SAS for access switches.
The technology is designed to improve the reliability, scalability, and operational efficiency of the data center’s interconnect network. Nokia’s strong regional presence and supply chain will be crucial in fast-tracking the deployment and allowing Empyrion to easily upgrade its network in multiple countries.
Nokia Oyj (NYSE:NOK) provides mobile, fixed, and cloud network solutions through four segments: Network Infrastructure, Mobile Networks, Cloud & Network Services, and Nokia Technologies.
3. Aurora Innovation Inc. (NASDAQ:AUR)
Market Capitalization as of August 5: $11.37 billion
Share Price as of August 5: $6.16
Number of Hedge Fund Holders: 33
Aurora Innovation Inc. (NASDAQ:AUR) is one of the best large cap penny stocks to buy under $10. TD Cowen analyst Itay Michaeli lowered the firm’s price target on Aurora Innovation to $7.40 from $9 and kept a Hold rating on the shares. The decision followed the company’s Q2 2025 earnings, with the management confirming prior H2 milestones with nighttime driverless operation already achieved.
Aurora Innovation reported a revenue of $1 million for the quarter, surpassing analyst estimates of $0.40 million. This marked the first time the company has recognized revenue from its driverless commercial trucking operations, which launched during the quarter on public roads in the US.
The company achieved a key milestone by launching its first driverless commercial trucking operations and logging over 20,000 driverless miles. The company’s Aurora Driver system, which is used for both freight-hauling trucks and ride-hailing vehicles, maintained nearly 100% on-time performance with commercial loads for partners including Hirschbach, Uber Freight, Werner, FedEx, Schneider, and Volvo Autonomous Solutions.
Aurora Innovation Inc. (NASDAQ:AUR) is a self-driving technology company with operations in the US. It focuses on developing Aurora Driver, which is a platform that brings self-driving hardware, software, and data services to interoperate with various vehicle types and applications.
2. Snap Inc. (NYSE:SNAP)
Market Capitalization as of August 5: $15.69 billion
Share Price as of August 5: $9.39
Number of Hedge Fund Holders: 39
Snap Inc. (NYSE:SNAP) is one of the best large cap penny stocks to buy under $10. On July 22, Bernstein increased its price target for Snap to $10 from $9, while maintaining a Market Perform rating on the shares. The firm notes that despite a turbulent start to the quarter and the year, it is now difficult to find obvious short opportunities in the Internet sector. Digital advertising, in particular, has shown solid performance.
After this announcement, Snap reported its Q2 2025 financial results, with the revenue totaling $1.34 billion, which was a 9% increase year-over-year. This growth was attributed to a rise in business from small and medium-sized customers. However, the company’s net loss grew to $263 million, compared to $249 million in the previous year, partly due to higher legal and regulatory compliance costs.
Snap still saw significant user growth, with Monthly Active Users/MAU reaching 932 million, a 7% year-over-year increase. Daily Active Users/DAU also grew by 9% to 469 million. The company’s “other revenue,” primarily driven by its Snapchat+ subscription service, saw an increase of 64% to $171 million. The number of Snapchat+ subscribers approached 16 million, which was a 42% increase.
Snap Inc. (NYSE:SNAP) is a technology company with operations in North America, Europe, and internationally. The company offers Snapchat, which is a visual messaging application with various tabs that enable people to communicate visually through short videos and images.
1. Amcor (NYSE:AMCR)
Market Capitalization as of August 5: $21.62 billion
Share Price as of August 5: $9.38
Number of Hedge Fund Holders: 40
Amcor (NYSE:AMCR) is one of the best large cap penny stocks to buy under $10. On July 31, Amcor announced a new collaboration with RAUCH Yippy, which is a children’s drink brand in Austria, to enhance the recyclability of its packaging. Amcor is supplying its Secure Flip 26mm tamper-evident sports cap for RAUCH Yippy’s PET bottles.
The key feature of this cap is its tethered design, which ensures it remains attached to the bottle after opening. This allows both the bottle and the cap to be collected together for recycling. The Secure Flip cap offers a number of user-friendly features. It has an ergonomic Thumb Tab for one-handed opening and produces an audible clip sound to confirm when it is opened or closed.
The cap can also open a full 180 degrees to provide easy access to the spout. The patented tamper-evident band is non-detachable, and it remains fixed after opening, giving consumers a clear visual assurance of the product’s integrity. RAUCH Yippy, which has offered a range of flavored drinks with added calcium and vitamins and no preservatives since 2003, is adopting the new cap to reinforce its commitment to child-friendly packaging and sustainability.
Amcor (NYSE:AMCR) develops, produces, and sells packaging products in Europe, North America, Latin America, and the Asia Pacific. The company operates in two segments: Flexibles and Rigid Packaging.
While we acknowledge the potential of AMCR to grow, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and have limited downside risk. If you are looking for an AI stock that is more promising than AMCR and that has 100x upside potential, check out our report about this cheapest AI stock.
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