A $10 bill can go a long way these days. Many investors tend to think that the universe of low-priced stocks is a speculative cesspool, stocked only with obscure companies that are there for a reason. However, there are plenty of household names and potentially promising investments there for the fishing -- if you're patient enough.
Vipshop Holdings (NYSE: VIPS), Ford (NYSE: F), and Sirius XM Holdings (NASDAQ: SIRI) are three of the stocks currently trading in the single digits that stand a good chance of breaking out. Let's go over why they're trading this low and what it will take to get them back over the $10 mark.
Image source: Sirius XM Holdings.
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