The Federal Reserve delivered on expectations, making a major interest rate reduction in September. And Fed Chair Jerome Powell indicated that the bank is open to more rate cuts to help provide support for the job market heading into 2025. This has unleashed a round of exuberance in the stock market, with major indexes hitting new highs.
Is it too late for investors to cash in on the market move? Not at all. In fact, there are still plenty of cheap stocks out there. As of this writing, there are more than 1,750 stocks traded on major U.S. exchanges that sell for $5 per share or less. Many of these firms have major issues with their business models, balance sheets or other such structural issues. However, there are some real diamonds in the rough.
Here are nine of the best stocks to buy for less than $5 per share today.
This post originally appeared at U.S. News & World Report.