In this article, we will discuss the 10 Cheap NASDAQ Stocks to Buy Right Now.
On April 28, Gabelli’s John Belton joined CNBC’s ‘Closing Bell Overtime’ to analyze the market environment heading into earnings season. Belton explored the recent surge in Mag 7 type stocks, suggesting that the late March low and a potential ceasefire in Iran may have coincided with the introduction of the mythos model, which acted as an accelerant for the sector. When questioned about whether AI market winners are easily defined or if there is indiscriminate buying, he acknowledged the complexity of the situation. He highlighted that beyond the mythos catalyst, he is particularly excited by the revenue figures from Anthropic and OpenAI, which have collectively reached an estimated $70 billion in annualized run-rate revenue, more than doubling since the beginning of the year. He argued that this development effectively addresses the earlier debate regarding whether companies were spending heavily on infrastructure without achieving monetization, asserting that the shift toward direct AI monetization is a crucial development.
Regarding investor expectations for CapEx plans, Belton observed that the first-quarter earnings cycle historically does not see major changes to full-year outlooks, so he expects plans to be reiterated or only slightly increased. He noted that the more critical issue for investors is understanding where that capital is being allocated, specifically, whether it is directed toward visible ROI use cases or more speculative research and development. He identified cloud revenue acceleration as the primary theme of the upcoming earnings season.
Our Methodology
We used screeners to identify NASDAQ stocks that are trading below a forward P/E of 15, and limited our final selection to companies that have recently reported noteworthy developments likely to impact investor sentiment. These stocks are also popular among analysts and are ranked in ascending order of the number of hedge funds that have stakes in them, as of Q4 2025.
Note: All data was sourced on May 22.
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 498.7% since May 2014, beating its benchmark by 303 percentage points (see more details here).
10 Cheap NASDAQ Stocks to Buy Right Now
10. JD.com Inc. (NASDAQ:JD)
Number of Hedge Fund Holders: 51
JD.com Inc. (NASDAQ:JD) is one of the cheap NASDAQ stocks to buy right now. On May 12, JD.com announced its financial results for Q1 2026, reporting net revenues of RMB315.7 billion, a 4.9% increase year-over-year. Net income attributable to ordinary shareholders was RMB5.1 billion, while non-GAAP net income reached RMB7.4 billion.
JD Retail showed strong performance with an operating margin of 5.6%, reaching record profitability levels. The company also continued its share repurchase program, buying back approximately 1.6% of its outstanding shares for $631 million during the quarter.
The company highlighted ongoing operational progress across its segments, including JD Logistics’ technological advancements and the international expansion of its Joybuy retail service in Europe. Additionally, boards of several subsidiaries approved restricted share unit grants to Richard Qiangdong Liu to support long-term value creation.
JD.com Inc. (NASDAQ:JD) is an internet retail and supply chain-based technology company. It also acts as a service provider and has three segments: JD Retail, JD Logistics, and New Businesses.
9. Kimberly-Clark Corporation (NASDAQ:KMB)
Number of Hedge Fund Holders: 56
Kimberly-Clark Corporation (NASDAQ:KMB) is one of the cheap NASDAQ stocks to buy right now. On April 28, Kimberly-Clark reported solid Q1 2026 results, delivering $4.2 billion in net sales, a 2.7% increase year-over-year. Organic sales grew by 2.5%, fueled by consumer-inspired innovation and volume-plus-mix growth, even as the company navigated macroeconomic uncertainties and ongoing portfolio transitions.
The company achieved an adjusted operating profit of $732 million, a 3.7% increase compared to the prior year, supported by significant productivity savings and lower overhead costs. While adjusted EPS from continuing operations saw a slight decline of 1.2% due to tax factors, adjusted EPS attributable to the total corporation rose by 2.1%.
Looking ahead, Kimberly-Clark Corporation (NASDAQ:KMB) reaffirmed its 2026 outlook, expecting organic sales growth to remain consistent with or ahead of category averages. Management continues to focus on long-term value creation, including preparations for the upcoming Kenvue acquisition and continued investment in commercial activations and sustainable productivity.
Kimberly-Clark Corporation (NASDAQ:KMB) is a global company focused on products and solutions for personal care. It operates through two segments: North America and International Personal Care.
