7 Best Cheap Stocks to Buy Now

The market has been particularly volatile lately, with stocks bouncing up and down erratically. For those looking to buy stocks at a lower price, this can be a great opportunity.

This blog post will look at seven cheap stocks to buy now for the second half of 2022. These picks represent a variety of industries, so there’s something for everyone.

1. Trivago (NASDAQ: TRVG)

Trivago is a German online hotel and accommodation search platform. Like most travel companies affected by COVID-19, Trivago has been through some tough times lately, but its stock has started to rebound in recent months.

Trivago fell from 23.66 ATH in 2017 to a low of $1.42 in 2022. However, with the recent uptick in travel demand, the stock is expected to continue to rise in the second half of the year.

2. Nokia Corp. (HEL: NOKIA)

Next is the Finnish multinational telecommunications, information technology, and consumer electronics company Nokia. Just like their phones, Nokia’s stock is tough and resilient.

The advent of IoT and 5G and two driving forces behind Nokia’s resurgence. The company has been investing heavily in both areas and is expected to see significant growth as a result.

The stock has nearly doubled since the pandemic began in 2020, reaching a recent price of 4.52 EUR. Nokia is a great pick for those looking for stability and long-term growth potential.

3. Kodiak Copper Corp (TSX.V: KDK)

If you’re looking for a more speculative pick, Kodiak Copper is a Canadian mining company with a lot of potential. The company is currently enjoying an increase in the price of copper, one of the main commodities it mines.

Kodiak’s share price has remained relatively stable in 2022 but is expected to make big moves in the second half of the year. With a current price of CAD 1.01, Kodiak is a great pick for investors looking for exposure to the metals and mining sector.

4. Nomura Holdings Inc. (NMR)

We move from Canada to Japan for our next pick; Nomura Holdings Inc. Nomura is a Japanese financial holding company with a strong presence in Asia. In fact, it is the largest investment bank in Japan.

The war in Ukraine harmed Nomura’s stock price in the first quarter, but the company has since rebounded and is now trading at 501 JPY. The second half of the year is expected to be better as the market learns to adapt to the new geopolitical risk.

5. National Cinemadia (NASDAQ: NCMI)

National Cinemedia is an American media company that specializes in cinema advertising. The company has a strong presence in the United States, with over thousands of screens under contract.

These screens displayed no advertisements for a good portion of 2020 due to the pandemic. However, with theaters starting to open up again and new films being released, National Cinemedia is expected to see a significant increase in revenue in the second half of the year. The stock is currently trading at $1.04, and holders hope to see an AMC-style recovery.

6. GEVO Inc. (NASDAQ: GEVO)

GEVO is an American renewable energy company specializing in producing low-carbon fuels. The company’s technology can be used to produce gasoline, jet fuel, and diesel from plant-based sources.

Environmental concerns worldwide have led to an increase in demand for renewable energy, and GEVO is well-positioned to take advantage of this trend. As of July 19th, the price stands at $2.65.

7. Waitr Holdings Inc. (NASDAQ: WTRH)

Last but not least, we have Waitr Holdings Inc., an American food delivery company. The company is based in Louisiana and operates in over 750 cities across the United States.

This entry is slightly different because the pandemic seems to have saved them instead of putting them out of business.

Waitr’s stock price went from 0.28 USD in November 2019 to 5.34 USD in August 2020. It has since gone back down, but online ordering remains strong, and the company is expected to do well in the coming months.