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12 Cheap NASDAQ Stocks To Buy

In this piece, we will take a look at the 12 cheap NASDAQ stocks to buy. To skip our overview of one of the world’s largest stock exchanges and some recent financial news, read 5 Cheap NASDAQ Stocks To Buy.

Stocks markets have been taking a hammering over the past couple of years amid a flurry of negative events, including Russian’s invasion of Ukraine, rising inflation, a surge in interest rates, among other factors. However, a surge in market and industry hype surrounding artificial intelligence proved to be a boon for big technology companies in 2023. Since all of these are traded on the NASDAQ exchange, the H1 2023 technology stock surge led to the NASDAQ 100 appreciating by 40% during the time period, for its best performance in history.

However, as investors were left scratching their heads and booking their gains after the strong performance, the second half of the year saw stock market and economic turbulence return. This was primarily in the form of multiple economic reports that provided a diverging set of indicators about the Federal Reserve’s future interest rate decision making. The American economy continued to grow during the second and first quarters of 2023, and while during normal times this would be a beneficial stock market development, 2023 saw investors worry that it provided the central bank with more leeway to hike interest rates. At the same time, while inflation started to slow down, the labor market continued to remain robust.

The latest inflation report released November 14 boosted investor’ hopes that the Fed might be done with its rate-hike spree. All eyes right now are on the Fed’s December huddle, and more than 90.2% of investors part of the financial services firm CME Group Inc. (NASDAQ:CME)’s Fed Watch tool believe that interest rates will be kept at current levels.

Therefore, it appears that as we exit 2023, the stock market is looking to end a rough year on a positive note. Analysts at Bank of America charted the growth in valuations of the Technology Select Sector SPDR Fund (NYSE:XLK), a $47.3 billion fund that tracks the performance of the S&P500 index’s technology sector, with the broader S&P500 index to show that the fund has gained 47% since the release of ChatGPT. This significantly outpaces the S&P500’s 18% gain during the same time period to mirror the peak of the dot-com bubble and the bull market of the 1960s.

Based on these factors, it appears that now would be the right time to get into the NASDAQ. This is particularly true since a tight economy often depresses stocks and reduces their valuations even though they might be fundamentally unwarranted. Consequently, we took a look at some cheap NASDAQ stocks to buy and the top picks are AMC Networks Inc. (NASDAQ:AMCX), CommScope Holding Company, Inc. (NASDAQ:COMM), and Brighthouse Financial, Inc. (NASDAQ:BHF).

Our Methodology

To compile our list of cheap NASDAQ stocks to buy, we first compiled a list of 40 companies with market capitalization greater than $300 million and low price to forward earnings ratios. Then, they were ranked by the P/E ratios and the top cheap NASDAQ stocks to buy are as follows.

Cheap NASDAQ Stocks To Buy

12. American Airlines Group Inc. (NASDAQ:AAL)

Forward Price To Earnings Ratio: 4.06

Number of Hedge Fund Investors In Q2 2023: 35

American Airlines Group Inc. (NASDAQ:AAL) is one of the largest airlines in the world with more than nine hundred aircraft in its portfolio. These days it is aiming to boost its revenue from the frequent flier program, and the firm intends to target under served routes within the U.S. as a strategy.

After digging through 910 hedge funds for their second quarter of 2023 investments, Insider Monkey discovered that 35 had held a stake in American Airlines Group Inc. (NASDAQ:AAL). Jim Simons’ Renaissance Technologies owns the largest stake among these, which is worth $306 million.

Just like CommScope Holding Company, Inc. (NASDAQ:COMM), AMC Networks Inc. (NASDAQ:AMCX), and Brighthouse Financial, Inc. (NASDAQ:BHF), American Airlines Group Inc. (NASDAQ:AAL) is a cheap NASDAQ stock to buy.

11. Consensus Cloud Solutions, Inc. (NASDAQ:CCSI)

Forward Price To Earnings Ratio: 3.83

Number of Hedge Fund Investors In Q2 2023: 11

Consensus Cloud Solutions, Inc. (NASDAQ:CCSI) is an American software company that serves the needs of business customers. Like other cloud technology providers, it is also focusing on AI and the firm announced a new platform in August 2023 to automate patient data collection from fax messages.

During June 2023, 11 out of the 910 hedge funds polled by Insider Monkey were the firm’s investors. Consensus Cloud Solutions, Inc. (NASDAQ:CCSI)’s biggest hedge fund shareholder is Jeffrey Gates’ Gates Capital Management as it owns 1.7 million shares that are worth $54.8 million.

10. AGNC Investment Corp. (NASDAQ:AGNC)

Forward Price To Earnings Ratio: 3.77

Number of Hedge Fund Investors In Q2 2023: 18

AGNC Investment Corp. (NASDAQ:AGNC) is a real estate investment trust that invests in residential properties. The firm’s third quarter results saw its economic return for the quarter stand at -10.1% on the back of a drop in book value per share.

For their second quarter of 2023 investments, 18 among the 910 hedge funds tracked by Insider Monkey had held AGNC Investment Corp. (NASDAQ:AGNC)’s shares. Ken Griffin’s Citadel Investment Group owns the largest stake among these as it owns a $34.7 million stake.

9. United Airlines Holdings, Inc. (NASDAQ:UAL)

Forward Price To Earnings Ratio: 3.68

Number of Hedge Fund Investors In Q2 2023: 40

United Airlines Holdings, Inc. (NASDAQ:UAL) is an American airline with more than a hundred thousand employees. The firm has been capitalizing on the travel sector’s post COVID recovery well as it has beaten analyst EPS estimates in all four of its latest quarters.

By the end of this year’s second quarter, 40 hedge funds out of the 910 polled by Insider Monkey had invested in the company. United Airlines Holdings, Inc. (NASDAQ:UAL)’s biggest hedge fund shareholder is Ken Griffin’s Citadel Investment Group courtesy of its $272 million investment that comes via 4.9 million shares.

8. Canadian Solar Inc. (NASDAQ:CSIQ)

Forward Price To Earnings Ratio: 3.57

Number of Hedge Fund Investors In Q2 2023: 16

Canadian Solar Inc. (NASDAQ:CSIQ) is an energy products provider that sells solar panels and other associated products. It is currently expanding its U.S. manufacturing footprint and plans to invest $800 million solar panel factory in Indiana for this purpose.

For their June quarter of 2023 shareholdings, 16 out of the 910 hedge funds part of Insider Monkey’s research had bought and invested in Canadian Solar Inc. (NASDAQ:CSIQ). Ken Griffin’s Citadel Investment Group owns the largest stake out of these, which is worth $56 million.

7. Qifu Technology, Inc. (NASDAQ:QFIN)

Forward Price To Earnings Ratio: 3.52

Number of Hedge Fund Investors In Q2 2023: 11

Qifu Technology, Inc. (NASDAQ:QFIN) is a Chinese financial services company that connects borrowers with lenders. It’s the first stock on our list that is rated Strong Buy on average, and analysts have set an average share price target of $24.38.

Out of the 910 hedge funds part of Insider Monkey’s second quarter of 2023 database, 11 had held a stake in the financial services company. Qifu Technology, Inc. (NASDAQ:QFIN)’s biggest hedge fund investor is Richard Li’s OLP Capital as it owns $221 million worth of shares.

6. Collegium Pharmaceutical, Inc. (NASDAQ:COLL)

Forward Price To Earnings Ratio: 3.47

Number of Hedge Fund Investors In Q2 2023: 21

Collegium Pharmaceutical, Inc. (NASDAQ:COLL) is a small pharmaceutical company that develops drugs for severe pain that require opioid use. Its shares are also rated Strong Buy on average, and the firm’s third quarter results saw it post an 8% annual growth and a strong $20 million net income growth over the year ago quarter’s $0.5 million.

After sifting through 910 hedge fund portfolios for their Q2 2023 shareholdings, Insider Monkey discovered 21 Collegium Pharmaceutical, Inc. (NASDAQ:COLL) investors. David Rosen’s Rubric Capital Management owns the largest stake among these which is worth $73.5 million.

AMC Networks Inc. (NASDAQ:AMCX), Collegium Pharmaceutical, Inc. (NASDAQ:COLL), CommScope Holding Company, Inc. (NASDAQ:COMM), and Brighthouse Financial, Inc. (NASDAQ:BHF) are some cheap NASDAQ stocks to buy.

Click here to continue reading and check out 5 Cheap NASDAQ Stocks To Buy.

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Disclosure: None. 12 Cheap NASDAQ Stocks To Buy is originally published on Insider Monkey.

AI, Tariffs, Nuclear Power: One Undervalued Stock Connects ALL the Dots (Before It Explodes!)

Artificial intelligence is the greatest investment opportunity of our lifetime. The time to invest in groundbreaking AI is now, and this stock is a steal!

AI is eating the world—and the machines behind it are ravenous.

Each ChatGPT query, each model update, each robotic breakthrough consumes massive amounts of energy. In fact, AI is already pushing global power grids to the brink.

Wall Street is pouring hundreds of billions into artificial intelligence—training smarter chatbots, automating industries, and building the digital future. But there’s one urgent question few are asking:

Where will all of that energy come from?

AI is the most electricity-hungry technology ever invented. Each data center powering large language models like ChatGPT consumes as much energy as a small city. And it’s about to get worse.

Even Sam Altman, the founder of OpenAI, issued a stark warning:

“The future of AI depends on an energy breakthrough.”

Elon Musk was even more blunt:

“AI will run out of electricity by next year.”

As the world chases faster, smarter machines, a hidden crisis is emerging behind the scenes. Power grids are strained. Electricity prices are rising. Utilities are scrambling to expand capacity.

And that’s where the real opportunity lies…

One little-known company—almost entirely overlooked by most AI investors—could be the ultimate backdoor play. It’s not a chipmaker. It’s not a cloud platform. But it might be the most important AI stock in the US owns critical energy infrastructure assets positioned to feed the coming AI energy spike.

As demand from AI data centers explodes, this company is gearing up to profit from the most valuable commodity in the digital age: electricity.

The “Toll Booth” Operator of the AI Energy Boom

  • It owns critical nuclear energy infrastructure assets, positioning it at the heart of America’s next-generation power strategy.
  • It’s one of the only global companies capable of executing large-scale, complex EPC (engineering, procurement, and construction) projects across oil, gas, renewable fuels, and industrial infrastructure.
  • It plays a pivotal role in U.S. LNG exportation—a sector about to explode under President Trump’s renewed “America First” energy doctrine.

Trump has made it clear: Europe and U.S. allies must buy American LNG.

And our company sits in the toll booth—collecting fees on every drop exported.

But that’s not all…

As Trump’s proposed tariffs push American manufacturers to bring their operations back home, this company will be first in line to rebuild, retrofit, and reengineer those facilities.

AI. Energy. Tariffs. Onshoring. This One Company Ties It All Together.

While the world is distracted by flashy AI tickers, a few smart investors are quietly scooping up shares of the one company powering it all from behind the scenes.

AI needs energy. Energy needs infrastructure.

And infrastructure needs a builder with experience, scale, and execution.

This company has its finger in every pie—and Wall Street is just starting to notice.

Wall Street is noticing this company also because it is quietly riding all of these tailwinds—without the sky-high valuation.

While most energy and utility firms are buried under mountains of debt and coughing up hefty interest payments just to appease bondholders…

This company is completely debt-free.

In fact, it’s sitting on a war chest of cash—equal to nearly one-third of its entire market cap.

It also owns a huge equity stake in another red-hot AI play, giving investors indirect exposure to multiple AI growth engines without paying a premium.

And here’s what the smart money has started whispering…

The Hedge Fund Secret That’s Starting to Leak Out

This stock is so off-the-radar, so absurdly undervalued, that some of the most secretive hedge fund managers in the world have begun pitching it at closed-door investment summits.

They’re sharing it quietly, away from the cameras, to rooms full of ultra-wealthy clients.

Why? Because excluding cash and investments, this company is trading at less than 7 times earnings.

And that’s for a business tied to:

  • The AI infrastructure supercycle
  • The onshoring boom driven by Trump-era tariffs
  • A surge in U.S. LNG exports
  • And a unique footprint in nuclear energy—the future of clean, reliable power

You simply won’t find another AI and energy stock this cheap… with this much upside.

This isn’t a hype stock. It’s not riding on hope.

It’s delivering real cash flows, owns critical infrastructure, and holds stakes in other major growth stories.

This is your chance to get in before the rockets take off!

Disruption is the New Name of the Game: Let’s face it, complacency breeds stagnation.

AI is the ultimate disruptor, and it’s shaking the foundations of traditional industries.

The companies that embrace AI will thrive, while the dinosaurs clinging to outdated methods will be left in the dust.

As an investor, you want to be on the side of the winners, and AI is the winning ticket.

The Talent Pool is Overflowing: The world’s brightest minds are flocking to AI.

From computer scientists to mathematicians, the next generation of innovators is pouring its energy into this field.

This influx of talent guarantees a constant stream of groundbreaking ideas and rapid advancements.

By investing in AI, you’re essentially backing the future.

The future is powered by artificial intelligence, and the time to invest is NOW.

Don’t be a spectator in this technological revolution.

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A New Dawn is Coming to U.S. Stocks

I work for one of the largest independent financial publishers in the world – representing over 1 million people in 148 countries.

We’re independently funding today’s broadcast to address something on the mind of every investor in America right now…

Should I put my money in Artificial Intelligence?

Here to answer that for us… and give away his No. 1 free AI recommendation… is 50-year Wall Street titan, Marc Chaikin.

Marc’s been a trader, stockbroker, and analyst. He was the head of the options department at a major brokerage firm and is a sought-after expert for CNBC, Fox Business, Barron’s, and Yahoo! Finance…

But what Marc’s most known for is his award-winning stock-rating system. Which determines whether a stock could shoot sky-high in the next three to six months… or come crashing down.

That’s why Marc’s work appears in every Bloomberg and Reuters terminal on the planet…

And is still used by hundreds of banks, hedge funds, and brokerages to track the billions of dollars flowing in and out of stocks each day.

He’s used this system to survive nine bear markets… create three new indices for the Nasdaq… and even predict the brutal bear market of 2022, 90 days in advance.

Click to continue reading…