In this article, we will look at the 13 Cheap Stocks Under $10 to Buy Now.

On November 11, Ed Yardeni, Yardeni Research president, appeared on CNBC’s ‘Squawk on the Street’ to talk about the market outlooks and how earnings are driving the market. Still aiming for the S&P to end the year at or close to 7k, he stated that the earnings story has been phenomenal and has been really driving this market.

In some ways, according to him, we have had an earnings-led melt-up, which is the highest quality melt-up one could possibly have since it is based on the fundamentals.

READ ALSO: 14 Best Undervalued Stocks to Buy Under $50 and 10 Stocks to Buy With Over 50% Upside Potential.

Watching analyst consensus expectations on a weekly basis, he stated that analysts are raising their 2026 numbers, with the first and second quarters of 2025 turning out much better than expected. They were initially anticipated to turn out in the low to mid single digits, but instead experienced low double-digit increases on a year-over-year basis.

The same thing is happening with the Q3 earnings reporting season. Instead of being up 6.5%, it is coming out to be around 14% for the S&P 500 earnings, which is a “phenomenal” happening given the volatility the market has had this year, according to Yardeni.

With these trends in view, let’s look at the best cheap stocks under $10 to buy now.

Our Methodology 

We used Finviz to compile a list of the best stocks under $10 with a forward P/E below 15. We selected the top 13 with the highest number of hedge fund holders as of Q2 2025, sourcing the hedge fund sentiment data from Insider Monkey’s database. The list is sorted in ascending order of hedge fund sentiment.

Note: All data was recorded on November 12.

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 427.7% since May 2014, beating its benchmark by 264 percentage points (see more details here).

13 Cheap Stocks Under $10 to Buy Now

​13. Melco Resorts & Entertainment Limited (NASDAQ:MLCO)

Stock Price: $9.07

Forward P/E: 15

Number of Hedge Fund Holders: 18

Melco Resorts & Entertainment Limited (NASDAQ:MLCO) is one of the best cheap stocks under $10 to buy now. On November 10, JP Morgan lifted the price target on Melco Resorts & Entertainment Limited (NASDAQ:MLCO) to $11 from $10.50 while keeping an Overweight rating on the shares.

Melco Resorts & Entertainment Limited (NASDAQ:MLCO) reported its unaudited fiscal Q3 2025 earnings on November 6, with total operating revenues for the quarter reaching $1.31 billion, up approximately 11% from $1.18 billion in the prior year period. Management attributed this growth to improved performance in both overall gaming and non-gaming operations.

Mr. Lawrence Ho, Melco Resorts & Entertainment Limited (NASDAQ:MLCO) Chairman and Chief Executive Officer, stated that the company’s properties in Macau delivered strong growth in the quarter, with Macau Property EBITDA improving by 21% year-over-year and margins remaining stable due to a focus on cost discipline and strengthening core business.

Melco Resorts & Entertainment Limited (NASDAQ:MLCO) also delivered a similarly strong performance in other geographical settings, with Property EBITDA rising 45% quarter-over-quarter in the Philippines, and the company’s satellite casinos had the best quarter since opening in Cyprus, City of Dreams Mediterranean, experiencing a 53% year-over-year property EBITDA growth.

Melco Resorts & Entertainment Limited (NASDAQ:MLCO) develops and operates resort facilities, hotels, and casinos in the Philippines and Macau. The company’s three Macau casinos include City of Dreams, Studio City, and Altira Macau.

12. Lloyds Banking Group plc (NYSE:LYG)

Stock Price: $5.03

Forward P/E: 11.57

Number of Hedge Fund Holders: 19

Lloyds Banking Group plc (NYSE:LYG) is one of the best cheap stocks under $10 to buy now. Lloyds Banking Group plc (NYSE:LYG) announced on November 6 the launch of UK’s first agentic AI financial assistant early in the coming year, offering “personalised, round-the-cloud financial guidance” to 21 million mobile app customers.

Management reported that customers would be empowered to effectively manage their money with the assistant providing specialized insights on budgeting, spending, investments, and savings within a secure banking environment.

The assistant is developed on Lloyds Banking Group plc’s (NYSE:LYG) robust AI architecture and trusted expertise to ensure that every interaction is secure, regulated, and accurate, marking a notable milestone in the company’s journey to include AI as a core enabler across the business.

Separately, RBC Capital analyst Benjamin Toms lifted the price target on Lloyds Banking Group plc (NYSE:LYG) to 110 GBP from 100 GBP on October 28, keeping an Outperform rating on the shares. Similarly, Kepler Capital analyst Nicholas Payen also reiterated a Buy rating on the stock on October 27 and set a price target of p97.

Lloyds Banking Group plc (NYSE:LYG) operates as a financial services company providing banking and financial services. The company’s operations are divided into the following segments: Retail, Commercial Banking, Insurance and Wealth, and Other.