10 Best Large Cap Penny Stocks Under $10 to Buy Now

In this article, we will look at the 10 Best Large Cap Penny Stocks Under $10 to Buy Now.

The US equity market looks set to continue edging higher after bouncing back following heightened volatility triggered by the Iran conflict. Growth in corporate earnings is one factor that strategists at Goldman Sachs believe supports strong gains for the better part of the year.

The strategists forecast the S&P 500 to climb 6% and end the year at 7,600, driven by 12% earnings-per-share growth in 2026 and 10% growth in 2027. While the index is trading at a price-to-earnings multiple of 21 times, it is higher than it has been in 87% of the time over the past 40 years.

The premium valuation has been driven by significant gains among large-cap stocks that have rallied amid the artificial intelligence frenzy. Amid valuation concerns, large-cap stocks trading for less than $10 a share offer a way out while looking to ride the bullish run at cheap prices.

While large-cap stocks have been the main driver of equity markets, investors’ focus is slowly shifting to earnings to see whether they justify the massive capital spending on AI investments.

“While earnings beats are largely expected from Wednesday’s big tech earnings, the market’s focus is squarely on forward guidance both on growth trajectories and the pace of future investment,” said Chris Brigati, chief investment officer at SWBC. “Each company faces its own dynamics, but delivering tangible results from elevated capex remains the critical test.”

Similarly, geopolitical tensions, sticky inflation, and trade policy uncertainty are adding a cloud of uncertainty, likely to shift market direction. In this case, large-cap penny stocks trading at highly discounted valuations would be well-suited to navigating volatility spikes. In addition to flying under the radar, the stocks provide tremendous long-term upside.

Our Methodology

To identify the 10 best large-cap penny stocks under $10, we screened U.S.-listed companies with market capitalizations between $10 billion and $200 billion and share prices below $10 (as of April 30) using Finviz. We then refined the list by reviewing industry reports, financial media coverage, and recent company developments, focusing on stocks favored by hedge funds with at least 5% upside potential based on Insider Monkey’s Q4 2025 database. The final selection was ranked by price upside.

Why are we interested in the stocks that hedge funds pile into? The reason is simple: our research shows 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 498.7% since May 2014, beating its benchmark by 303 percentage points (see more details here).

Best Large Cap Penny Stocks Under $10 to Buy Now

10. Itau Unibanco Holding (NYSE:ITUB)

Market Cap: $96.30 Billion

Stock Price: $8.70

Number of Hedge Fund Holders: 36

Upside Potential: 6.10%

Itau Unibanco Holding (NYSE:ITUB) is one of the best large cap penny stocks under $10 to buy now. The stock is up around 40% over the past year. On April 28, Itau Unibanco Holding (NYSE:ITUB) shareholders gave a strong approval to a management plan to absorb the Brazilian bank’s Banco Itaucard subsidiary.

Itau Unibanco’s management decided that it would be wise to fold Banco Itaucard into the holding company. The management reasoned that absorbing Itaucard into the main holding company would streamline the group’s structure and improve operational efficiency.

Itaucard offers a range of payment and financial services. Though it is a wholly owned subsidiary of Itau Unibanco, it has been operating as a separate entity from its parent. At the extraordinary shareholder meeting on April 28, the proposal to merge Itaucard into Itau Unibanco Holding got nearly unanimous vote approval.

Another item put to a vote at the special shareholder meeting was a proposal to amend Itau Unibanco’s bylaws regarding executive officers. The bylaw amendment proposal sought to increase the number of Itau Unibanco’s executive officers to a maximum of 60 members. This proposal to expand the company’s leadership team was supported by 100% of the voting shares.

Itau Unibanco Holding (NYSE:ITUB) is a Brazil-based financial conglomerate. It offers banking and other financial services to retail and wholesale clients. The company was formed in 2008 through the merger of Unibanco and Banco Itau.

9. Nio Inc (NYSE:NIO)

Market Cap: $15.63 Billion

Stock Price: $6.39

Number of Hedge Fund Holders: 29

Upside Potential: 6.10%

Nio Inc (NYSE:NIO) is one of the best large cap penny stocks under $10 to buy now. On April 28, Nio Inc (NYSE:NIO) launched its L80 model and immediately opened pre-orders for the car. The L80 is a two-row, 5-seat SUV that runs on battery power like all Nio cars. But the L80 is produced by Nio’s budget-focused sub-brand called Onvo.

In terms of size, the L80 sits between the smaller L60 and the larger three-row L90 model. The L80 shares the platform and most components with the L90, but they differ in seating and cargo capacity.

The L80’s price starts at 245,800 yuan, making it cheaper than Tesla’s Model Y by 17,700 yuan in China. Model Y is the model to beat in the market segment that Nio is targeting with the L80.

The L80 deliveries are scheduled to begin on May 15. The earlier Onvo model launches had a strong debut. For instance, the flagship L60 surpassed 20,000 unit deliveries in the first 100 days. The L90 exceeded 10,000 unit deliveries in the first month.

Nio is expanding its budget model lineup as it also pushes to improve profitability. The company posted its first-ever adjusted operating profit in Q4 2025. Looking ahead, Nio plans to reduce costs and lift its bottom line by producing its own chips. The company’s CEO, William ‌Li, shared this plan in an interview with Reuters on April 24.

Nio Inc (NYSE:NIO) is a Chinese automaker that produces electric cars. Its portfolio includes a variety of sedans and SUVs. In addition to cars, Nio also makes smartphones and other tech products. The company was founded in 2014 and is headquartered in Shanghai.

8. Nomura Holdings Inc (NYSE:NMR)

Market Cap: $25.38 Billion

Stock Price: $8.06

Number of Hedge Fund Holders: 14

Upside Potential: 15.30%

Nomura Holdings Inc (NYSE:NMR) is one of the best large cap penny stocks under $10 to buy now. This financial stock has gained more than 40% over the past year.

Nomura Holdings Inc (NYSE:NMR) is looking to expand its portfolio of investment products, and it has identified opportunities in the shipping industry. On April 21, Nomura announced that it has invested in Navigo, a German maritime asset investment platform.

Navigo invests in a portfolio of marine vessels. It provides its vessels to customers under long-term charter arrangements. According to Nomura, Navigo has built a strong operation backed by a global network and longstanding expertise.

Nomura notes that the global efforts to reduce greenhouse gas will drive demand for new-built vessels. As an example, demand is expected to increase for ships that run on LNG and for ships that can transport liquefied carbon dioxide.

Nomura plans to use its investment in Navigo as a research opportunity to build its expertise in the shipping and maritime sector. From there, it can expand its real asset product offering and broaden investment opportunities for institutional investors.

Nomura’s March quarter revenue rose 27% YoY to $3.6 billion, and net income attributed to shareholders came to $465 million. Revenue for the full-year period ended March jumped 15% to $13.6 billion, and net income attributed to shareholders rose 6% to $2.3 billion. Nomura CEO Kentaro Okuda said the company’s business model transformation efforts continued to bear fruit.

Based in Tokyo, Nomura Holdings Inc (NYSE:NMR) is a Japanese multinational financial company. It offers wealth management, investment banking, and brokerage services, among others. Nomura was founded in 1925 and operates across the Americas, Europe, and Asia.

7. Stellantis NV (NYSE:STLA)

Market Cap: $18 Billion

Stock Price: $7.28

Number of Hedge Fund Holders: 34

Upside Potential: 18.44%

Stellantis NV (NYSE:STLA) is one of the best large cap penny stocks under $10 to buy now. Stellantis NV (NYSE:STLA) likes its arrangement with Chinese automaker Leapmotor so much that it believes it could be a model for future partnerships. Speaking on April 30 after the release of Stellantis’ Q1 2026 results, CEO Antonio Filosa said the Leapmotor partnership is an example of what the company can do with other Chinese automakers, according to a Reuters report.

In 2023, Stellantis acquired a large stake in Leapmotor, and the companies went on to form a joint venture. This joint business is focused on manufacturing and selling Leapmotor cars in markets outside China.

The companies are gearing up to start producing Leapmotor’s B10 model at a factory in Spain this year. The B10 is an all-electric compact SUV, and Stellantis plans to sell it in European markets.

Besides the B10, Stellantis is also considering jointly developing an Opel-branded electric SUV with Leapmotor, according to an earlier Reuters report on April 8. The report stated that partnering with Leapmotor for Opel EV would save Stellantis cost and time to develop an electric Opel model. If all goes well, an electric Opel could enter production as early as 2028.

For Q1, Stellantis reported a 6% YoY jump in net revenue to €38.1 billion. The company said the growth was driven by strong sales volumes across all its regions. Net profit was €377 million, compared to a net loss of €387 million in the same period of the prior year.

Stellantis NV (NYSE:STLA) is a Netherlands-based multinational automaker, producing passenger vehicles, pickup trucks, and SUVs. The company makes vehicles for the mass market and luxury segments. Its vehicle brands include Jeep, RAM, Dodge, and Maserati.

6. Banco Santander Brasil SA ADR (NYSE:BSBR)

Market Cap: $21.98 Billion

Stock Price: $5.86

Number of Hedge Fund Holders: 7

Upside Potential: 23.69%

Banco Santander Brasil SA ADR (NYSE:BSBR) is one of the best large cap penny stocks under $10 to buy now.

Banco Santander Brasil SA ADR (NYSE:BSBR) reported its Q1 2026 results on April 29. Revenue came in at R$21.2 billion, representing an increase of 0.8% YoY. Net profit of R$3.8 billion decreased 1.9% YoY. In the quarter, Banco Santander Brasil confronted a challenging economic environment in Brazil. The management cited pressures such as elevated household debt levels and high interest rates.

Despite these difficulties, Santander recorded strong momentum in some business lines. For instance, the company’s fee-based business was a bright spot, driven by a 9.8% jump in card fees and a 12.2% rise in insurance fees. The launch of the Santander Reward program contributed to the growth in card fees.

Looking ahead, the bank is focusing on operational efficiency and digital transformation to power its performance. Santander’s return on equity reached 16% in Q1, and the company targets a return on equity greater than 20% by 2028. To get there, the management has mentioned cost controls and AI adoption.

When it comes to AI, Santander has two goals. It wants to use AI for efficiency in applications like automation, process simplification, and customer service. The other goal is using AI for growth, and here it’s looking at cross-selling the existing customer base and developing new business models.

Banco Santander Brasil SA ADR (NYSE:BSBR) is a Brazilian bank headquartered in Sao Paulo. It offers a suite of financial services to individual clients and corporate customers. Santander Brasil, founded in 1982, is a subsidiary of Spain’s Santander Group.

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