In this article, we will discuss the 8 Low Priced Stocks to Buy with Huge Upside Potential.
On April 16, Paul Hickey, Bespoke co-founder, appeared on CNBC’s ‘Power Lunch’ to discuss the recent market dynamics, specifically addressing the NASDAQ’s remarkable 11-day winning streak. He attributed this rally to market optimism regarding a resolution to current geopolitical tensions. Hickey drew a parallel to the previous April and noted that the market bottomed shortly after Liberation Day despite a flood of negative headlines predicting an economic catastrophe. He observed that while there are currently many negative reports regarding oil and potential disruptions, the market is sending a completely different, more positive message.
Explaining the disconnect between the news and market performance, Hickey points to a very strong underlying economy. He noted that banks are currently reporting 10% year-over-year loan growth, the highest rate seen since the financial crisis. Furthermore, he described the labor market as resilient, with an unemployment rate of 4.3% and low jobless claims. While job growth is not incredible, he emphasized that the employment situation is not deteriorating. Supporting this view, he mentioned that the Beige Book showed 8 out of 12 districts reporting growth. Regarding oil prices, Hickey argued that the disruption has only lasted one month; while he admitted a three-month disruption would pose a problem, he asserted that one month is not enough to derail the economy.
Our Methodology
We used screeners to identify stocks that are trading below $50 per share and have an average upside potential of at least 30%. We limited our final selection to companies that have recently reported noteworthy developments likely to impact investor sentiment. These stocks are also popular among analysts and elite hedge funds.
Note: All data was sourced on April 21.
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).
8 Low Priced Stocks to Buy with Huge Upside Potential
8. Corebridge Financial Inc. (NYSE:CRBG)
Average Upside Potential: 33.54%
Corebridge Financial Inc. (NYSE:CRBG) is one of the low-priced stocks to buy with huge upside potential. On April 15, Corebridge Financial appointed Christopher Filiaggi, the company’s current Chief Accounting Officer, as Interim Chief Financial Officer, effective April 24. Filiaggi will report to President and CEO Marc Costantini and join the Executive Leadership Team. This move is designed to ensure financial continuity and disciplined execution as the company progresses toward its planned merger with Equitable Holdings.
Filiaggi has held the role of Chief Accounting Officer since June 2023, where he has managed financial reporting, internal controls, and accounting policy. His professional background includes various finance leadership positions at both Corebridge and AIG, as well as experience at PricewaterhouseCoopers LLP. CEO Marc Costantini highlighted Filiaggi’s deep experience and judgment as key factors in his selection to lead the finance organization through this transition.
The appointment follows the departure of outgoing CFO Elias Habayeb, who will remain with the company through April 24 to facilitate the transition. Filiaggi is expected to serve in this interim capacity until the close of the merger with Equitable Holdings. Upon completion of the transaction, Robin M. Raju, the current CFO of Equitable Holdings, will take over as Chief Financial Officer for the combined entity.
Corebridge Financial Inc. (NYSE:CRBG) provides retirement solutions and insurance products for individuals and corporations. The company is based in Houston, Texas, and was founded in 1957.
