10 Cheap Stocks to Buy Now for Long Term

In this article, we will be taking a look at the 10 Cheap Stocks to Buy Now for Long Term.

The U.S. equity markets are still shaped by optimism despite growing investor concern brought on by the conflict in Iran. The geopolitical shock has raised concerns about potential price increases and weaker economic growth. The U.S. Federal Reserve’s decision to maintain unchanged interest rates, however, suggests that policymakers should be cautious when assessing the escalating economic concerns.

Among these concerns, Bank of America strategists have warned that stagflation is becoming more likely if growth slows. Strategists believe small-cap firms might be unanticipated winners, even though markets would not desire stagflation. This view is in line with the ongoing move away from the large-cap tech companies that used to drive markets to record highs.

Market volatility is already increasing as investors reorganize their portfolios after years of high earnings. As the CBOE Volatility Index (VIX) has surpassed 20, investor anxiety and uncertainty have become more noticeable. Even though the S&P 500 has dropped by almost 4% over the last month, some stocks are still performing better. Value has typically outperformed Growth, but “high quality stocks” and businesses that return cash to shareholders have historically performed well during rising VIX, according to Jill Carey Hall, equity and quantitative strategist at Bank of America Securities. Quality, Cash Return, and Momentum might continue to be the best-performing styles if the oil shock proves persistent and stagflation risks increase, she continued.

The S&P 500 might drop as low as 6,300 by early April 2026, according to Morgan Stanley’s Mike Wilson, who told CNBC Television on March 16. However, he anticipates that markets will rebound following yet another challenging month. The S&P 493 was up 3%, and the MAG7 was down 7%, according to Ryan Detrick of Carson Group, who earlier on February 19 highlighted robust results, record profit margins, and wide market rotation.

With that in mind, let’s now take a look at the cheap stocks to buy.

Our Methodology 

For our methodology, we screened for stocks with a forward P/E below 15 and EPS growth above 20%. From this list, we prioritized stocks with the most recent news and developments, then ranked them based on their P/E ratios.

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).

Here is our list of the 10 cheap stocks to buy now for the long term.

10. Super Micro Computer, Inc. (NASDAQ:SMCI)

Forward PE Ratio: 9.76  

Super Micro Computer, Inc. (NASDAQ:SMCI) is one of the cheap stocks to buy on this list.

TheFly reported on March 25 that Rosenblatt Securities reduced the price target for SMCI from $50 to $32 while keeping a Buy rating. The firm noted that recent controversy involving board member Yih-Shyan Liam and a U.S. Attorney’s indictment for alleged export-control violations overshadowed a major product announcement. Despite this, the company’s technology remains among the industry’s leading solutions, and its order backlog is solid. Rosenblatt does not anticipate adjustments to estimates stemming from the employee indictments but expects the stock to face near-term pressure until the investigation concludes.

Separately, on March 18, Super Micro Computer, Inc. (NASDAQ:SMCI) expanded its accelerated computing offerings to include support for NVIDIA RTX PRO 4500 Blackwell Server Edition GPUs and the NVIDIA Vera CPU. These additions enhance enterprise and edge deployments by providing high-density, power-efficient acceleration for AI, graphics, and data-intensive workloads. SMCI’s modular and certified systems allow seamless integration into existing data centers without major changes to rack, power, or cooling setups.

The new solutions support a variety of applications, including AI inference, LLM fine-tuning, virtualization, media processing, and next-generation agentic AI, enabling enterprises to achieve faster, more efficient compute performance across diverse deployment environments.

Super Micro Computer, Inc. (NASDAQ:SMCI) is a global technology company that designs and manufactures high‑performance server, storage, and networking solutions optimized for data centers, cloud, AI, and enterprise computing.

9. Marex Group plc (NASDAQ:MRX)

Forward PE Ratio: 9.28  

Marex Group plc (NASDAQ:MRX) is among the best cheap stocks to invest in.

TheFly reported on March 27 that TD Cowen raised its price target for MRX to $66 from $61 while keeping a Buy rating on the shares. The firm noted that updates following its recent investor day are expected to support the company’s P/E multiple, which it views as undervalued both on an absolute and relative basis.

Separately, on March 26, Marex Group plc (NASDAQ:MRX) provided a Q1 2026 trading update, projecting adjusted profit before tax between $140 million and $150 million. The company expects first-quarter results to reflect a 45–55% increase over Q1 2025, surpassing the record set in Q4 2025.

The quarter experienced high volatility, presenting both challenges and opportunities, which MRX highlighted as a demonstration of its resilient business model. Client clearing balances averaged approximately $16 billion during the period, supported by higher exchange margin requirements and new client acquisitions. The company emphasized that these results underscore the strength of its operations and the capacity to navigate dynamic market conditions while capitalizing on growth opportunities in its trading and clearing business.

Marex Group plc (NASDAQ:MRX) is a diversified global financial services firm providing liquidity, market access, broking, clearing, hedging, and execution services across energy, commodities, and financial markets worldwide. Its platform serves institutional clients and investors with technology‑driven trading and risk solutions.

8. Pilgrim’s Pride Corporation (NASDAQ:PPC)

Forward PE Ratio: 8.73  

Pilgrim’s Pride Corporation (NASDAQ:PPC) is one of the cheap stocks to buy now for the long term.

TheFly reported on March 25 that BMO Capital adjusted its price target on PPC to $40 from $42 while maintaining a Market Perform rating. The update reflects revisions to the firm’s Agribusiness & Protein commodities models, incorporating changes in feedstock costs, elevated energy expenses, and a rebound in U.S. beef margins in March following weaker levels in February. These adjustments were detailed in the firm’s broader research note, which highlights the evolving cost environment and margin recovery within the poultry and protein sectors.

Separately, on March 30, Pilgrim’s Pride Corporation (NASDAQ:PPC) initiated a cash tender offer for up to $250 million in principal of its 6.250% Senior Notes due 2033. The offer allows holders to submit Notes for early or late acceptance, with total consideration calculated based on a fixed spread plus accrued interest. Notes tendered before the Early Tender Date of April 10, 2026, are eligible for additional early tender payments. The tender will expire on April 27, 2026, unless extended. Participation is subject to conditions outlined in the Offer to Purchase, and the company may increase or decrease the maximum tender amount at its discretion. Funding will come from available cash.

Pilgrim’s Pride Corporation (NASDAQ:PPC) is a leading U.S. poultry producer, processing, marketing, and distributing chicken and turkey products to retail, foodservice, and international customers.

7. SLR Investment Corp. (NASDAQ:SLRC)

Forward PE Ratio: 8.65  

SLR Investment Corp. (NASDAQ:SLRC) is among the cheap stocks to buy.

TheFly reported on March 27 that Keefe, Bruyette & Woods adjusted its price target on SLRC down to $15 from $16.50 while maintaining a Market Perform rating. The update followed a review of the company’s Q4 results, which the analyst described as a very stable quarter, reflecting consistent performance and minimal volatility in operations according to the firm’s updated financial model.

SLR Investment Corp. (NASDAQ:SLRC) released its financial results for Q4 and full-year 2025, reporting net investment income of $21.6 million, or $0.40 per share, for the fourth quarter. The Board declared a quarterly distribution of $0.41 per share, payable March 27, 2026, to shareholders of record on March 13. As of December 31, 2025, net asset value reached $18.26 per share, reflecting modest growth from the prior quarter and year.

The fourth-quarter performance generated a 10.1% return on equity, underpinned by a diversified private credit portfolio, disciplined investment strategy, and a shift toward direct asset-based lending. For the full year, net investment income totaled $86.9 million, with a strong portfolio positioned for continued activity and opportunistic investments in 2026.

SLR Investment Corp. (NASDAQ:SLRC) is a publicly traded business development company that provides credit and structured investment solutions, primarily senior secured loans and other financing, to U.S. middle‑market companies, aiming to generate income and dividends for shareholders.

6. Eldorado Gold Corporation (NYSE:EGO)

Forward PE Ratio: 7.42  

Eldorado Gold Corporation (NYSE:EGO) is among the cheap stocks to buy. 

TheFly reported on March 25 that EGO announced a strategic collaboration with G Mining Services through a Memorandum of Understanding, forming an engineering and construction alliance. G Mining will support Eldorado’s project execution across its portfolio by providing services such as early project definition, engineering assistance, constructability assessments, and planning. The partnership aims to improve project readiness, delivery reliability, and capital efficiency for current and future initiatives, including Perama Hill, the Lamaque Complex, and Sigma Mill expansion, Skouries with mill start-up and underground support, Olympias with mill filtration upgrades, and McIlvenna Bay with throughput enhancement, value optimization, and materials handling improvements.

Earlier on March 16, Eldorado Gold Corporation (NYSE:EGO) secured an Operating Authorization from Quebec’s Ministry of the Environment, enabling mining at the Ormaque deposit within the Lamaque Complex in Val-d’Or. This approval allows high-grade underground ore to be processed at the Sigma Mill, leveraging existing infrastructure such as the Triangle-Sigma decline. Ormaque adds production flexibility by supplementing ore from the Triangle deposit and builds on prior underground development investments. The authorization advances a discovery reported in 2020, supports ongoing drilling, strengthens Lamaque as a key asset, sustains current jobs, creates new employment, and delivers long-term economic benefits to the Val-d’Or region.

Eldorado Gold Corporation (NYSE:EGO) is a Canadian gold mining company engaged in exploration, development, and production of gold and other precious metals across operations in Turkey, Greece, Romania, and Canada.

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