In this article, we will discuss the 10 Cheap Stocks to Buy For the Next 10 Years.
On May 4, Tom Lee, Fundstrat CIO & Head of Research, appeared on CNBC’s ‘Squawk Box’ to discuss the latest market trends and the resilience of the US stock market amidst ongoing geopolitical instability. The market successfully followed a historical script by bottoming out and moving past geopolitical conflicts long before they were fully resolved. Lee agreed and stated that the risk-reward profile for stocks remains favorable. He argued that the current war has highlighted the strength of the US’s global position, particularly as a leader in AI. Lee emphasized that AI-driven productivity is a primary engine for both GDP growth and corporate resilience and noted that earnings estimates have actually risen as the season progressed. Despite the uncertainty of a prolonged war, he anticipates continued tailwinds for stocks through July, especially since many investors remain on the sidelines with significant cash reserves.
There’s high concentration of market gains within the Mag 7 and semiconductor sectors. While AI beneficiaries are thriving, other areas like the equal-weighted consumer discretionary sector are struggling, sitting 9% below their highs due to economic frictions. Lee explained that this concentration is logical because the AI global productivity story is primarily centered in the US and China, leaving Europe behind. While he acknowledged that rising oil prices are a negative consequence of the conflict, he believes that the immediate market narrative is driven by earnings strength. He also highlighted US software as a top sector pick, arguing that while investors have questioned the durability of software business models, the current risk-reward for well-managed companies that can adapt to AI is excellent.
Lee also addressed investor positioning and sentiment and noted that 2026 has been an unusual year. Unlike previous corrections where retail investors were steady buyers, this year saw many sell into market lows, leaving them wrong-footed as the market returned to all-time highs. He observed that sentiment remains muted and positioning is cautious, which suggests that there is still plenty of liquidity available to support the market. Lee concluded that investors will likely buy the current dip caused by the geopolitical headlines because the underlying structural story remains strong; in fact, he suggests that demand for AI may actually increase if high energy prices put pressure on corporate margins and force companies to seek greater efficiency.
Our Methodology
We used screeners and financial media reports to identify stocks 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 13.
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 Stocks to Buy For the Next 10 Years
10. Enterprise Products Partners (NYSE:EPD)
Number of Hedge Fund Holders: 27
Enterprise Products Partners (NYSE:EPD) is one of the cheap stocks to buy for the next 10 years. On April 28, Enterprise Products Partners reported financial results for Q1 2026, highlighted by a net income of $1.5 billion and operating income of $1.9 billion, an 8% increase year-over-year. The partnership achieved an Adjusted EBITDA of $2.7 billion and generated $2.1 billion in operational distributable cash flow. Additionally, the company used $116 million for common unit repurchases as part of its ongoing $5.0 billion buyback program.
The quarter was marked by 12 new operational records, including record natural gas processing inlet volumes of 8.3 Bcf/d and pipeline transportation volumes of 14.2 MMBPD. Marine terminal volumes rose 15% to 2.3 MMBPD, and NGL fractionation volumes reached a record 1.9 MMBPD. These results were driven by the integration of new assets, such as the Mentone West 2 plant and the Bahia NGL pipeline, alongside high utilization rates at PDH facilities and increased demand for US energy exports.
Enterprise Products Partners (NYSE:EPD) continues to expand its footprint in the Permian Basin, announcing plans for two additional natural gas processing plants expected to begin service in 2027. The partnership currently has ~$5.3 billion in major growth projects under construction. For Q1, capital investments totaled $988 million, with 2026 growth capital expenditures projected to range between $2.3 and $2.6 billion as the company scales infrastructure to meet rising production and global export demand.
Enterprise Products Partners (NYSE:EPD) provides midstream energy services for producers and consumers of natural gas, natural gas liquids/NGLs, crude oil, refined products, and petrochemicals.
9. Canadian Natural Resources Limited (NYSE:CNQ)
Number of Hedge Fund Holders: 34
Canadian Natural Resources Limited (NYSE:CNQ) is one of the cheap stocks to buy for the next 10 years. On May 7, Canadian Natural Resources reported earnings for Q1 2026, generating $2.4 billion in adjusted net earnings and $4.4 billion in adjusted funds flow. Total production reached ~1,643,000 BOE/d, marking a 4% year-over-year increase driven by record conventional production in North America. The company also achieved industry-leading operating costs of $23.73/bbl in its Oil Sands Mining and Upgrading segment.
The company maintained its commitment to shareholder returns, distributing $1.5 billion through $1.2 billion in dividends and $0.3 billion in share repurchases during the quarter. This marks the 26th consecutive year of dividend increases, with the annualized dividend now at $2.50 per share. Robust commodity prices and efficient operations have further accelerated debt reduction, bringing net debt below $16 billion.
Looking ahead, Canadian Natural Resources Limited (NYSE:CNQ) is progressing on several medium-term growth projects, including the Jackfish and Pike 2 expansions. While long-term oil sands mining expansions remain on hold pending regulatory and fiscal certainty, the company continues to unlock value through its multilateral drilling program and solvent-enhanced recovery technologies. Current capital investment for the quarter totaled ~$2.0 billion to support these development goals.
Canadian Natural Resources Limited (NYSE:CNQ) is a senior crude oil and natural gas production company. The company operates in core regions across Western Canada, the United Kingdom portion of the North Sea, and Offshore Africa.
