5 Best Stocks to Buy Under $10

Page 5 of 5

1. Transocean Ltd. (NYSE:RIG)

Share Price: $5.83

Number of Hedge Fund Holders: 63

Transocean Ltd. (NYSE:RIG) is one of the best stocks to buy under $10. On June 11, S&P Global Ratings upgraded Transocean Ltd. (NYSE:RIG) from ’CCC+’ to ’B-’ and removed the company from CreditWatch positive.

The ratings agency pointed to improving leverage and liquidity after the company reduced its debt and secured new contracts. S&P Global Ratings also assigned Transocean Ltd. (NYSE:RIG) a positive outlook.

Since February 2026, the company has added more than $1.6 billion to its backlog. Transocean Ltd. (NYSE:RIG) has about $5.1 billion of debt principal remaining. At the end of 2024, the company had forecasted that it would reduce its debt to $6 billion by the end of 2026. This means the company is already more than $900 million ahead of schedule in its efforts to reduce debt and strengthen the balance sheet.

S&P Global Ratings expects Transocean Ltd.’s (NYSE:RIG) funds from operations to debt ratio to improve to between 15% and 18% over the next two years.

Transocean Ltd. (NYSE:RIG) is an international provider of offshore contract drilling services for oil and gas wells. The company specializes in technically demanding sectors of the global offshore drilling business with a strong focus on ultra-deepwater and harsh environment drilling services. The company operates the world’s highest specification floating offshore drilling fleet.

While we acknowledge the potential of RIG to grow, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and have limited downside risk. If you are looking for an AI stock that is more promising than RIG and that has 100x upside potential, check out our report about the cheapest AI stock.

READ NEXT: 10 Best Performing Growth Stocks So Far in 2026 and 12 Stocks Most Bought by Hedge Funds in Q1 2026.

Disclosure: None.

Page 5 of 5
1281292 - 11759070 - 1