In this article, we will look at the 9 Best Inexpensive Stocks to Invest In Right Now.
On May 29, Ankur Crawford, Alger EVP, appeared on CNBC’s ‘Closing Bell’ to talk about the market exuberance and the strength of fundamentals.
She thinks that we have reason to be exuberant, as we are in the middle of an incredible rate of change of technology and innovation, and so it is not bad. She believes that this is not exuberance for exuberance’s sake, but is rather being driven fully by the fundamentals, the earnings power that the companies have. There are pauses in the market, and we might have to pause and refresh, and we might get mini rotations.
READ MORE: 10 Best Tech Stocks Under $5 to Buy and 12 Best Small Cap Tech Stocks to Buy According to Hedge Funds.
However, if we look at the long arc of time and believe that compute will be essential for this industrial revolution, then these stocks can hold where they are trading today. According to her, it is essential to look at the long arc of time instead of merely the next month, as it is much more clarifying when one thinks of it that way.
With these broader market trends in view, let’s look at the best inexpensive stocks to invest in right now.
Our Methodology
We used the Finviz stock screener to identify the best stocks with a forward P/E below 15 and selected the top 9 stocks most popular among hedge funds as of Q1 2026, using the hedge fund sentiment data from Insider Monkey’s database. The stocks are arranged in ascending order of hedge fund sentiment.
Note: All data was recorded on May 31.
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).
9 Best Inexpensive Stocks to Invest In Right Now
9. Toyota Motor Corporation (NYSE:TM)
Number of Hedge Fund Holders: 20
Toyota Motor Corporation (NYSE:TM) is one of the best inexpensive stocks to invest in right now. Reuters reported on May 14 that Toyota Motor Corporation (NYSE:TM) has sought approval for the construction of a new vehicle assembly line at its existing manufacturing complex in Texas. According to a filing, the proposed complex has around $2 billion in planned investment, and construction at the project, named “Project Orca”, is anticipated to begin at the end of 2026. As per the filing with the Texas Comptroller of Public Accounts, vehicle production is expected to begin in 2030.
Reuters further reported that the project is estimated to create 2,000 new jobs from 2028 to 2030. Toyota Motor Corporation (NYSE:TM) plans to invest $1.05 billion in buildings and other property improvements, as well as $950 million in machinery and equipment.
In a separate development, Reuters reported on May 28 that, according to a report by Toyota Motor Corporation (NYSE:TM) released on Thursday, the company’s global vehicle sales dropped for a third consecutive month in April, hit primarily by sharp declines in the Middle East and China. Global sales fell 3.1% from the prior year period to 849,306 vehicles, while overseas sales dropped 7.5%. However, sales in Japan grew 24.2%, rebounding after earlier purchase delays that took place ahead of an environmental tax change.
Toyota Motor Corporation (NYSE:TM) manufactures and sells motor vehicles and parts. The company’s operations are divided into the following segments: Automotive, Financial Services, and All Other.
8. Royal Bank of Canada (NYSE:RY)
Number of Hedge Fund Holders: 32
Royal Bank of Canada (NYSE:RY) is one of the best inexpensive stocks to invest in right now. TD Securities lifted the price target on Royal Bank of Canada (NYSE:RY) to C$272 from C$267 on May 29 and maintained a Buy rating on the shares. Royal Bank of Canada (NYSE:RY) also received a rating update from Barclays the same day, with the firm raising the price target on the stock to C$260 from C$245 and maintaining an Overweight rating on the shares.
For reference, in its financial results for the quarter ended April 30, 2026, the company reported net income of $5.5 billion, up $1,119 million or 25% from the previous year. Diluted EPS rose 27% over the same period to $3.85, highlighting growth across each of Royal Bank of Canada’s (NYSE:RY) business segments. Adjusted net income and adjusted diluted EPS for the quarter were $5.6 billion and $3.90, up 23% and 25%, respectively, from the prior year.
Royal Bank of Canada (NYSE:RY) provides banking and financial services. The company’s operations are divided into the following segments: Personal and Commercial Banking, Wealth Management, Insurance, Capital Markets, and Corporate Support.
