In this article, we will look at the 17 Cheap Stocks Under $20 to Buy Now.
On December 24, Katie Stockton, Fairlead Strategies founder and managing partner, appeared on CNBC’s ‘Squawk Box’ to talk about the latest market trends going into 2026. She stated that the market is certainly very close to “new highs”, with the trends showing a loss of momentum since mid-October in a backdrop where the ups and downs were very visible.
The market trends have exhibited volatility, according to her, and it appears to have taken a different character than it had in the earlier stages of the April lows. While that is not necessarily bearish, she did state that we have seen a loss of the intermediate-term momentum that “puts us on a watch for a deeper corrective phase”.
READ ALSO: 12 Most Widely Held Stocks by Hedge Funds in 2025 and 12 Small Cap Stocks to Buy with Huge Upside Potential.
Stockton further stated that she is a believer in breakouts, so if we do see the S&P breakout to new highs, that would translate to a couple of good, solid closes above final resistance. That would be a short-term positive catalyst, assuming otherwise that we are still in this corrective mode and wait for a better entry point. That, according to her, can be triggered by factors such as oversold upturns. Therefore, there are positive catalysts that she would certainly adhere to if they materialize, while noting that the uptrend is still “very much alive and well”.
With these trends in view, lets look at the 17 cheap stocks under $20 to buy now.
Our Methodology
We used stock screeners to make a list of stocks with a forward P/E below 15 and stock price under $20. We then selected the top 17 stocks with the highest number of hedge fund holders as of Q3 2025, sourcing the hedge fund sentiment data from Insider Monkey’s database. The list is sorted in ascending order of hedge fund holders.
Note: All data was recorded on December 30.
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).
17 Cheap Stocks Under $20 to Buy Now
17. Aegon Ltd. (NYSE:AEG)
Stock Price: $7.68
Forward P/E: 7.62
Number of Hedge Fund Holders: 16
Aegon Ltd. (NYSE:AEG) is one of the top cheap stocks under $20 to buy now. JPMorgan cut the price target on Aegon Ltd. (NYSE:AEG) to EUR 8 from EUR 8.50 on December 16 while maintaining an Overweight rating on the shares. Bank of America Securities also maintained a Buy rating on the stock on December 10, keeping the associated price target the same at €7.50.
The rating update came the same day as Aegon Ltd.’s (NYSE:AEG) Capital Markets Day (CMD) 2025 in London, on which it announced its ambition to become a leading US life insurance and retirement group, along with plans to move its legal seat and head office to the United States. Aegon Ltd. (NYSE:AEG) plans to conclude the completion of the re-domiciliation by January 1, 2028, after which the holding company would be renamed Transamerica Inc. The business units would continue their operations under their current brands.
Management further reported that the relocation decision came after the review announced in August 2025, with the initiative supporting Aegon Ltd.’s (NYSE:AEG) commitment to prioritize resources to build a leading US life insurance and retirement group. The company expects to begin reporting under US GAAP for the first time at its full-year 2027 results, and will cease publishing trading updates in 2026 and 2027 to facilitate the transition. It would limit disclosures to comprehensive half-year reporting, and its common stock will remain listed on NYSE and Euronext following the relocation.
Aegon Ltd. (NYSE:AEG) is an international financial services company that provides protection, investment, and retirement solutions. The company’s operations are divided into the following segments: Americas, The Netherlands, United Kingdom, International, Asset Management, and Holding and Other Activities.
16. Banco Santander, S.A. (NYSE:SAN)
Stock Price: $11.88
Forward P/E: 12.01
Number of Hedge Fund Holders: 16
Banco Santander, S.A. (NYSE:SAN) is one of the top cheap stocks under $20 to buy now. Banco Santander, S.A. (NYSE:SAN) was downgraded to Hold from Buy by DZ Bank on December 19 with a EUR 10 price target.
In a separate development, Santander Corporate & Investment Banking (Santander CIB) announced on December 9 that its U.S. broker-dealer, Santander US Capital Markets LLC, entered into a strategic equity research alliance with MoffettNathanson LLC, focused on the Technology, Media, and Telecom industry. MoffettNathanson is a leading independent equity research publisher with a team of analysts that offers critical insight into influential companies in sectors across the Technology, Media, and Telecom industry.
The initiative marks Santander CIB’s fourth U.S. equity research alliance, coming after earlier agreements with Vertical Research Partners LLC (industrials and materials), Telsey Advisory Group LLC (retail, consumer, and e-commerce), and Nephron Research LLC (healthcare).
Management further reported that the alliance would allow Santander CIB to bolster its U.S. client offerings through the expansion of access to specialized equity research and sector intelligence via MoffettNathanson. In addition, Santander’s global scale, cross-border reach, and capital markets expertise would position MoffettNathanson to expand its impact with institutional investors across the globe.
Banco Santander, S.A. (NYSE:SAN) also received a rating update from RBC Capital on December 5, who reaffirmed a Hold rating on the stock and set a price target of €8.50.
Banco Santander (NYSE:SAN) is a Spain-based company that operates as a retail and commercial bank. Its segments are scattered across Continental Europe, the United Kingdom, Latin America, and the United States.
15. AGNC Investment Corp. (NASDAQ:AGNC)
Stock Price: $10.84
Forward P/E: 7.09
Number of Hedge Fund Holders: 29
AGNC Investment Corp. (NASDAQ:AGNC) is one of the top cheap stocks under $20 to buy now. On December 22, Piper Sandler lifted the price target on AGNC Investment Corp. (NASDAQ:AGNC) to $11 from $10.50 while keeping an Overweight rating on the shares. The rating update came ahead of the fiscal Q4 results for the firm’s mortgage finance coverage, with it telling investors that a positive shift has materialized in the sector’s backdrop. This is driven by the 30-year rates falling to 6.2% from 7%-plus highs earlier in the year, along with the material tightening in agency spreads.
Piper Sandler further stated that while the market hasn’t completely “normalized” as of yet, the momentum is building and mortgage application volumes are growing, supported by an 18% sequential and 100%-plus year-over-year surge in refinance activity. It added that the spotlight is likely to return to GSE reform, given the administration’s push for a deal under FHFA Director Bill Pulte and President Trump.
AGNC Investment Corp. (NASDAQ:AGNC) also received a rating update from Keefe Bruyette on December 18, with the firm lifting the price target to $11 from $10.50 while keeping an Outperform rating on the shares. The firm told investors in a research note that heading into the new year, it is the most constructive on the agency MBS REITs.
AGNC Investment Corp. (NASDAQ:AGNC) operates a real estate investment trust, investing in residential mortgage pass-through securities and collateralized mortgage obligations, the principal and interest payments for which are guaranteed by the government-sponsored enterprise or by the United States government agency. The company is also involved in investments in other types of mortgage and mortgage-related securities, including credit risk transfer securities and non-Agency residential and commercial mortgage-backed securities.
14. Stellantis N.V. (NYSE:STLA)
Stock Price: $11.03
Forward P/E: 13.66
Number of Hedge Fund Holders: 32
Stellantis N.V. (NYSE:STLA) is one of the top cheap stocks under $20 to buy now. Kepler Capital reaffirmed a Buy rating on Stellantis N.V. (NYSE:STLA) on December 11, setting a price target of €12.00. However, the same day, Stellantis N.V. (NYSE:STLA) was downgraded to Underperform from Neutral by BNPP.
In another development, Stellantis N.V. (NYSE:STLA) announced a partnership with Bolt on December 9 for the joint exploration of the development and deployment of Level 4 (driverless) autonomous vehicles for commercial operations across Europe. Management reported that the collaboration would combine Stellantis N.V.’s (NYSE:STLA) AV-Ready Platforms™, specifically the eK0 medium size van and STLA Small platforms, with the extensive mobility network by Bolt.
Bolt presently provides ride-hailing services in over 50 countries, including 23 EU Member States, and aims at integrating Stellantis N.V.’s (NYSE:STLA) autonomous vehicles into its shared mobility platform for the provision of driverless, fully autonomous ride-hailing services.
Stellantis N.V. (NYSE:STLA) further reported that the two companies have plans to initiate the deployment of test vehicles for trials in European countries beginning in 2026, with the deployment following a phased approach going from prototypes and pilot fleets to progressive industrial scale-up, with an initial production target in 2029.
Stellantis N.V. (NYSE:STLA) designs, manufactures, distributes, and sells vehicles. The company offers products under various brands, including Abarth, Alfa Romeo, Chrysler, Citroën, Dodge, DS, Fiat, Fiat Professional, Jeep, Lancia, Opel, Peugeot, Ram, and Vauxhall.
13. Petróleo Brasileiro S.A. – Petrobras (NYSE:PBR)
Stock Price: $11.83
Forward P/E: 3.84
Number of Hedge Fund Holders: 33
Petróleo Brasileiro S.A. – Petrobras (NYSE:PBR) is one of the top cheap stocks under $20 to buy now. On December 16, Petróleo Brasileiro S.A. – Petrobras (NYSE:PBR) announced a strategic partnership agreement in the onshore renewable energy segment through the acquisition of 49.99% of Lightsource bp’s subsidiaries in Brazil. Structured as a joint venture with shared management between Lightsource bp and Petróleo Brasileiro S.A. – Petrobras (NYSE:PBR), the partnership aims at developing profitable renewable energy projects and bolstering the presence of the two companies in the Brazilian renewable energy sector.
Management reported that Lightsource bp would add to the joint venture through its pipeline, which not only includes 1-1.5 GW of projects in more advanced development stages but also less mature projects in Brazil, along with the Milagres solar park in Abaiara, in Ceará, one of the largest in the state and operational since 2023 with 212 MWp (megawatt) of installed capacity. The initiative thus marks a strategic step for Petróleo Brasileiro S.A. – Petrobras (NYSE:PBR) in the solar power generation segment.
In a separate development, Goldman Sachs reiterated a Buy rating on Petróleo Brasileiro S.A. – Petrobras (NYSE:PBR) on December 8 and reduced the price target to $13.30 from $14.20. In another report released on December 4, Bank of America Securities reaffirmed a Hold rating on the stock and set a price target of BRL37.00.
Petróleo Brasileiro S.A. – Petrobras (NYSE:PBR) is involved in exploration, production, and distribution activities involving oil and gas. The company’s operations are divided into the following segments: Exploration and Production; Refining, Transportation, and Marketing; and Gas and Low Carbon Energies.
12. Conagra Brands, Inc. (NYSE:CAG)
Stock Price: $17.08
Forward P/E: 9.90
Number of Hedge Fund Holders: 34
Conagra Brands, Inc. (NYSE:CAG) is one of the top cheap stocks under $20 to buy now. UBS analyst Peter Grom cut the price target on Conagra Brands, Inc. (NYSE:CAG) to $18 from $19 on December 23 and maintained a Neutral rating on the shares.
The rating came after Conagra Brands, Inc. (NYSE:CAG) reported results for fiscal Q2 2026 on December 19, announcing that the reported net sales for the quarter dropped 6.8% while the organic net sales decreased 3.0%. Reported operating margin for the quarter was 20.1%, while the adjusted operating margin was 11.3%.
Conagra Brands, Inc. (NYSE:CAG) further reported that the reported diluted net loss per share for fiscal Q2 2026 came up to $1.39, primarily due to certain non-cash goodwill and brand impairment charges. Adjusted earnings per share (EPS) came up to $0.45.
Management reported that the drop in organic net sales was driven primarily by flat price/mix and a 3.0% decrease in volume, while net sales were affected by an around 100 basis point headwind, which was driven by changes in retailer purchasing activity around quarter end. These included the timing of retailer merchandising events and the associated inventory builds.
Furthermore, the price/mix was impacted by an approximately 60 basis point headwind related to a change in estimate associated with fiscal 2025’s second quarter trade expense accrual, along with unfavorable product mix. Conagra Brands, Inc. (NYSE:CAG) reaffirmed its fiscal 2026 guidance and expects adjusted operating margin between ~11.0% and ~11.5% and adjusted EPS between $1.70 and $1.85.
Conagra Brands, Inc. (NYSE:CAG) is a consumer-packaged goods food company that operates in three segments: Grocery & Snacks, Refrigerated & Frozen, and International. Its brand portfolio encompasses Birds Eye, Duncan Hines, Healthy Choice, Marie Callender’s, Reddi-wip, and BOOMCHICKAPOP.
11. Energy Transfer LP (NYSE:ET)
Stock Price: $16.39
Forward P/E: 12.26
Number of Hedge Fund Holders: 35
Energy Transfer LP (NYSE:ET) is one of the top cheap stocks under $20 to buy now. Morgan Stanley analyst Robert Kad reiterated a Hold rating on Energy Transfer LP (NYSE:ET) on December 23 and set a price target of $19.00.
In a separate development, Energy Transfer LP (NYSE:ET) announced on December 18 growth in the transportation capacity of the Transwestern Pipeline’s planned Desert Southwest expansion project in order to meet rising customer demand. Management reported that the positive economic momentum and continual population growth across New Mexico and Arizona would require reliable and efficient energy sources, and the project would serve these markets from the company’s premier asset base in the prolific Permian Basin.
Energy Transfer LP (NYSE:ET) further reported that the project’s mainline pipeline diameter would be upsized from 42 inches to 48 inches to meet the need for additional capacity, expanding the project’s capacity to up to 2.3 billion cubic feet per day, depending on final compression configuration. The project could further benefit from the considerable demand growth in the Desert Southwest region, which includes the potential to retire and or convert coal-fired power plants to natural gas. Management added that the ultimate capacity of the Desert Southwest expansion project will be based on market demand.
Energy Transfer LP (NYSE:ET) offers natural gas pipeline transmission and transportation services. The company operates through the following segments: Intrastate Transportation and Storage, Interstate Transportation and Storage, Midstream, NGL and Refined Products Transportation and Services, Crude Oil Transportation and Services, Investment in Sunoco LP, Investment in USAC, and All Other.
10. Rithm Capital Corp. (NYSE:RITM)
Stock Price: $11.16
Forward P/E: 5.16
Number of Hedge Fund Holders: 37
Rithm Capital Corp. (NYSE:RITM) is one of the top cheap stocks under $20 to buy now. Piper Sandler analyst Crispin Love reaffirmed a bullish stance on Rithm Capital Corp. (NYSE:RITM) on December 22, assigning the stock a Buy rating with a $15.50 price target.
In another development, Rithm Capital Corp. (NYSE:RITM) announced on December 19 the successful completion of its previously announced acquisition of Paramount Group, Inc., with the portfolio including 13 owned and 4 managed high-quality office assets, totaling more than 13.1 million square feet. Paramount Group, Inc. is a vertically-integrated real estate investment trust that owns, manages, and operates Class A office properties in San Francisco and New York City.
Rithm Capital Corp. (NYSE:RITM) stated that the completed acquisition bolsters the company’s fully integrated and diversified asset management platform meaningfully, expanding its commercial real estate footprint and enabling it to seek further development of the portfolio through this expanded presence. The company also seeks to enhance the overall tenant experience by leveraging its established owner-operator model to stimulate growth for the acquired assets.
According to the management, Paramount would be integrated into Rithm Capital Corp.’s (NYSE:RITM) platform and be rebranded to position it for new opportunities across the portfolio. lbert Behler, Chairman, Chief Executive Officer, and President of Paramount, would depart the company following the closing of the transaction.
Rithm Capital Corp. (NYSE:RITM) provides real estate, credit, and financial services. The company’s operations are divided into the following segments: Origination and Servicing, Investment Portfolio, Residential Transitional Lending, Asset Management, and Corporate.
9. Vale S.A. (NYSE:VALE)
Stock Price: $13.10
Forward P/E: 6.20
Number of Hedge Fund Holders: 37
Vale S.A. (NYSE:VALE) is one of the top cheap stocks under $20 to buy now. Wells Fargo analyst Timna Tanners lifted the price target on Vale S.A. (NYSE:VALE) to $13 from $12 on December 23 and maintained an Equal Weight rating on the shares, telling investors that supply constraints have the potential to support aluminum and copper prices, especially through fiscal Q3 2026. The firm added that steep power costs and copper switching are particularly significant for a boost in aluminum.
In a separate development, Vale S.A. (NYSE:VALE) announced on December 8 the signing of an agreement with Caterpillar and Sotreq for the expansion of the fleet of autonomous haul trucks in iron ore operations in the Northern System, in the Carajás region, in Pará.
Management explained that the technology would gradually be expanded over the next five years at the Serra Norte and Serra Sul units, allowing further growth in the company’s safety standards, operational efficiency, and sustainability. The implementation would be supported by an initiative to develop and prepare employees to undertake strategic functions in the digital environment.
The Northern System operation presently has 14 autonomous haul trucks and holds the capacity to carry up to 320 tons, with the new agreement expanding the fleet to around 90 autonomous trucks in the region by 2028. This would be operated by Cat® MineStar™ Command for hauling, and includes trucks with a capacity to carry up to 400-tons.
Vale S.A. (NYSE:VALE) produces and exports copper, pellets, iron ore, manganese, and iron alloys. Its operations are divided into the Energy Transition Materials, Iron Solutions, and Coal and Others segments.
8. Baxter International Inc. (NYSE:BAX)
Stock Price: $19.30
Forward P/E: 8.15
Number of Hedge Fund Holders: 38
Baxter International Inc. (NYSE:BAX) is one of the top cheap stocks under $20 to buy now. On December 12, Wells Fargo analyst Larry Biegelsen reiterated a Hold rating on Baxter International Inc. (NYSE:BAX) on December 12 and set a price target of $19.00. The rating update came after Baxter International Inc. (NYSE:BAX) announced on December 11 data in collaboration with The University of Texas Medical Branch, exhibiting the positive effect of smart infusion pump integration with hospital electronic medical records on the bedside productivity of clinicians, patient safety, and programming compliance. The data represented the analysis of over one million intravenous (IV) infusions using Baxter’s Spectrum IQ large volume infusion pumps (LVP).
Management stated that the evaluation of pre- and post- smart pump EMR integration data revealed a drop in patient safety alerts, along with the time required to program an infusion and resolve a pump alert. The findings thus highlight the potential role of connected infusion therapy to support patient safety and address clinician burnout and compliance.
In another development, Baxter International Inc. (NYSE:BAX) received a rating update from Morgan Stanley analyst Patrick Wood on December 2, who cut the price target on the stock to $15 from $19 while maintaining an Underweight rating on the shares. The firm told investors that MedTech “looks well-positioned on several fronts” going into 2026, and believes the upcoming year to have “a solid industry setup”, supported by major product cycles, trough valuations, and a supportive hospital spending environment.
Baxter International Inc. (NYSE:BAX) provides a portfolio of essential healthcare products, which includes parenteral nutrition therapies, acute and chronic dialysis therapies, inhaled anesthetics, generic injectable pharmaceuticals, sterile intravenous (IV) solutions, infusion systems and devices, surgical hemostat and sealant products, surgical equipment, smart bed systems, patient monitoring and diagnostic technologies, and respiratory health devices. The company’s operations are divided into the following segments: Americas, Europe, Middle East and Africa (EMEA), Asia-Pacific (APAC), and Hillrom.
7. JBS N.V. (NYSE:JBS)
Stock Price: $14.49
Forward P/E: 7.58
Number of Hedge Fund Holders: 38
JBS N.V. (NYSE:JBS) is one of the top cheap stocks under $20 to buy now. JBS N.V. (NYSE:JBS) reported on December 12 that JBS Pork Australia officially announced the completion of a two-year project to build brand-new housing for their breeding herd, with the sheds measuring 25,000 m2 total in size. Management stated that the new facility represents a considerable expansion of JBS Pork Australia’s farming capability, delivering a number of benefits that bolster biosecurity, enhance animal welfare outcomes, and support growth across global and domestic markets experiencing growing demand of high-quality Australian pork.
The initiative marks the largest upgrade in the history of the site, which was established in 1963, with the new facility’s climate-controlled features boosting the safety and well being of the 57 employed staff. The modern housing and animal facilities, along with the ventilation infrastructure, ensure optimised pig welfare and care. It is one of the most significant pork producers in the country, and contributes around 5% of Australia’s fresh pork supply.
In a separate development, JBS N.V. (NYSE:JBS) received a rating update from Grupo Santander analyst Guilherme Palhares on December 11, who upgraded the stock to Outperform from Neutral and set a $17 price target. Barclays analyst Benjamin Theurer also revised their rating on the stock on December 8, reaffirming a Buy rating on JBS N.V. (NYSE:JBS) and setting a $22 price target.
JBS N.V. (NYSE:JBS) is a food company that sells pork, beef, lamb meat, and poultry products. The company offers its products to club stores, supermarkets, other retail distributors, and foodservice companies.
6. Cenovus Energy Inc. (NYSE:CVE)
Stock Price: $17.04
Forward P/E: 12.96
Number of Hedge Fund Holders: 38
Cenovus Energy Inc. (NYSE:CVE) is one of the top cheap stocks under $20 to buy now. RBC Capital analyst Gregory Pardy reiterated a Buy rating on Cenovus Energy Inc. (NYSE:CVE) on December 15 and set a price target of C$32.00. Cenovus Energy Inc. (NYSE:CVE) also received a rating update from Jefferies analyst Lloyd Byrne on December 12, who reiterated a Buy rating with a C$30.00 price target. Similarly, TD Cowen also maintained a Buy rating on the stock on December 11 and set a C$29.00 price target.
The rating updates came after Cenovus Energy Inc. (NYSE:CVE) announced its 2026 capital budget and corporate guidance on December 11, reporting a capital investment of between $5.0 billion and $5.3 billion in its 2026 guidance highlights. The capital investment includes around $350 million of capitalized turnaround costs, and is expected to be between $4.7 billion and $5.0 billion, excluding turnaround costs. The company further reported an upstream production of between 945,000 barrels of oil equivalent per day (BOE/d) and 985,000 BOE/d, reflecting a year-over-year growth rate of approximately 4%, which is adjusted for the acquisition of MEG Energy Corp.
Cenovus Energy Inc. (NYSE:CVE) anticipates general and administrative (G&A) costs, excluding stock-based compensation, to remain flat compared to 2025 in the range of $625 million to $675 million. Cost reductions and synergies are expected to offset the effect of the MEG acquisition.
Based in Canada, Cenovus Energy Inc. (NYSE:CVE) is an integrated energy company that provides gas and oil. Its operations are divided into the Upstream, Downstream, and Corporate and Eliminations segments.
5. Huntington Bancshares Incorporated (NASDAQ:HBAN)
Stock Price: $17.47
Forward P/E: 11.75
Number of Hedge Fund Holders: 42
Huntington Bancshares Incorporated (NASDAQ:HBAN) is one of the top cheap stocks under $20 to buy now. Huntington Bancshares Incorporated (NASDAQ:HBAN) jointly announced with Cadence Bank on December 22 the approval of the proposed merger of Cadence Bank with and into The Huntington National Bank by the Office of the Comptroller of the Currency, with The Huntington National Bank as the surviving bank.
Cadence Bank is a $53 billion regional bank that offers banking, investment, trust, and mortgage products and services, and has over 390 locations spanning the South and Texas. Management reported that all the necessary regulatory approvals to complete the Huntington-Cadence transaction have now been received, with the merger expected to close on February 1, 2026, subject to the receipt of shareholder approvals and the satisfaction or waiver of the remaining customary closing conditions that were set forward in the merger agreement.
In a separate development, on December 19, RBC Capital lifted the price target on Huntington Bancshares Incorporated (NASDAQ:HBAN) to $20 from $19 and maintained an Outperform rating on the stock. The rating update came after the firm’s meeting with the company’s management team, which was focused on the recent Veritex and Cadence acquisitions, along with the future opportunities present for Huntington Bancshares Incorporated (NASDAQ:HBAN) in their legacy markets. The firm added that management exhibited consistency with peer-leading expected performance from the core, along with strong anticipated contributions from the expanded merger footprint.
Huntington Bancshares Incorporated (NASDAQ:HBAN) is a bank holding company that provides full-service commercial and consumer deposit, lending, and other banking services. The company’s operations are divided into the Consumer and Regional Banking and Commercial Banking segments.
4. Ford Motor Company (NYSE:F)
Stock Price: $13.23
Forward P/E: 12.53
Number of Hedge Fund Holders: 44
Ford Motor Company (NYSE:F) is one of the top cheap stocks under $20 to buy now. On December 22, Evercore ISI lifted the price target on Ford Motor Company (NYSE:F) to $14 from $12 while keeping an In Line rating on the shares. The rating update reflects a positive outlook supported by a shift of focus on the US ICE/hybrid vehicles, along with higher F150 production.
Separately, Ford Motor Company (NYSE:F) announced on December 15 the next generation of the F-150 Lightning, which management called a truck engineered to “redefine” the abilities of an electric pickup. The next-generation F-150 Lightning leverages advanced Extended Range Electric Vehicle (EREV) technology to offer the instant and seamless power of an electric powertrain, along with the freedom of a generator-backed estimated range of more than 700 miles.
The F-150 Lightning EREV is 100% propelled by electric motors, differentiating it from a traditional hybrid and ensuring that the owners get the pure EV driving experience that includes rapid acceleration and quiet operation without the need for stopping and charging during long-distance towing. Ford Motor Company (NYSE:F) also stated that, similar to the current F-150 Lightning, the next-gen version would also offer exportable electricity capable of powering everything, ranging from work and camp sites to homes during a power outage.
Ford Motor Company (NYSE:F) manufactures, distributes, and sells automobiles. It operates through the following segments: Ford Blue, Ford Model E, Ford Pro, Ford Next, Ford Credit, and Corporate Other.
3. Graphic Packaging Holding Company (NYSE:GPK)
Stock Price: $15.14
Forward P/E: 8.01
Number of Hedge Fund Holders: 48
Graphic Packaging Holding Company (NYSE:GPK) is one of the top cheap stocks under $20 to buy now. On December 22, Truist Financial analyst Michael Roxland reaffirmed a Hold rating on Graphic Packaging Holding Company (NYSE:GPK) and set a $20 price target. Graphic Packaging Holding Company (NYSE:GPK) also received a rating update from UBS analyst Anojja Shah on December 19, who reaffirmed a Hold rating on the stock.
In a separate development, Graphic Packaging Holding Company (NYSE:GPK) announced on December 8 additional details on its support function and production optimization plans. The company revealed that it has undertaken a review of support functions and corporate expenses in its fiscal Q3 2025 earnings conference, and now anticipates savings of around $60 million in staffing and other cost reductions in 2026. It expects severance and other on-time costs and non-cash charges related to these initiatives to be in the range of $20 million.
Graphic Packaging Holding Company (NYSE:GPK) also announced additional actions to reduce inventory in fiscal Q4, and has plans to expedite particular inventory plans previously planned for 2026 into fiscal Q4 with the Waco, Texas, recycled paperboard manufacturing facility startup ahead of schedule.
Graphic Packaging Holding Company (NYSE:GPK) provides paper-based packaging solutions to a number of products to the food, beverage, and other consumer products companies. The company’s operations are divided into the following business segments: Paperboard Manufacturing, Americas Paperboard Packaging, Europe Paperboard Packaging, and Corporate and Other.
2. Avantor, Inc. (NYSE:AVTR)
Stock Price: $11.47
Forward P/E: 12.63
Number of Hedge Fund Holders: 50
Avantor, Inc. (NYSE:AVTR) is one of the top cheap stocks under $20 to buy now. Jefferies analyst Tycho Peterson from Jefferies downgraded Avantor, Inc. (NYSE:AVTR) to Underperform from Hold on December 17, bringing the price target down to $9 from $12. The firm does not see a “quick fix” to Avantor, Inc.’s (NYSE:AVTR) margin headwinds and market share losses, telling investors that the company’s valuation alone is unlikely to act as a catalyst that propels the shares higher.
Avantor, Inc. (NYSE:AVTR) was also downgraded to Neutral from Buy by BofA on December 15, with the firm bringing the price target down to $13 from $14. It told investors that 2026 is expected to be the third consecutive year where markets are expected to normalize, with Life Science Tools headwinds fading. However, it also believes that “a healthy amount of caution is warranted,” stating that the biggest upside risk for Tools/CRO markets would be a return to spending by Biopharma. The firm thus favors companies with a relatively higher R&D exposure, and believes that any setbacks or misses in the space “will be harshly punished.”
Avantor, Inc. (NYSE:AVTR) is a life sciences tools company that provides mission-critical services and products to the advanced technology and life sciences industries. The company’s portfolio includes education and government, biopharma, healthcare, and applied materials and advanced technologies industries.
1. Viatris Inc. (NASDAQ:VTRS)
Stock Price: $12.54
Forward P/E: 5.36
Number of Hedge Fund Holders: 55
Viatris Inc. (NASDAQ:VTRS) is one of the top cheap stocks under $20 to buy now. On December 18, Viatris Inc. (NASDAQ:VTRS) announced four recent regulatory milestones spread across all stages of the company’s global pipeline. It stated that the FDA approved the company’s octreotide acetate for injectable suspension, which is a generic version of Sandostatin® LAR Depot and indicated for treatment in patients who have responded to and tolerated Sandostatin Injection subcutaneous injection for acromegaly, profuse watery diarrhea associated with Vasoactive Intestinal Peptide secreting tumors, and severe diarrhea/flushing episodes associated with metastatic carcinoid tumors.
Viatris Inc. (NASDAQ:VTRS) also reported that the US FDA granted acceptance for review of the New Drug Application (NDA) for the company’s investigational low dose estrogen weekly patch, comprising 150 mcg norelgestromin and 17.5 mcg ethinyl estradiol, for contraception. In addition, the US FDA cleared the company’s Investigational New Drug (IND) application for MR-146, an Enriched Tear FilmTM (ETF) Adeno-Associated Virus (AAV) gene therapy candidate for the treatment of people with neurotrophic keratopathy (NK). The company has plans to begin a Phase 1 / 2 clinical trial, CORVITA, for MR-146 in patients with NK in H1 2026.
Viatris Inc. (NASDAQ:VTRS) also reported that the Japan Pharmaceuticals and Medical Devices Agency (PMDA) accepted its Japanese New Drug Application (J-NDA) for pitolisant in obstructive sleep apnea syndrome (OSAS), and the company is set to submit a J-NDA for narcolepsy by the end of the year.
Viatris Inc. (NASDAQ:VTRS) is a global healthcare company that provides healthcare and pharmaceutical products. The company’s medicines and treatments span various therapeutic areas, including oncology, cardiovascular, dermatology, immunology, eye care, gastroenterology, and women’s healthcare. Its operations are divided into the following segments: Developed Markets, Greater China, JANZ, and Emerging Markets.
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