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3 Stocks Under $10 Wall Street Predicts Will Surge by 50% By StockNews

by Mike Robinson

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© Reuters. Wall Street predicts that 3 stocks below $10 will surge by 50%

Although there are some concerns, other factors such as solid third-quarter earnings expectations and the continuation at near zero interest rates should help the stock market. Therefore, we think it could be wise to add fundamentally sound low-priced stocks Arcos Dorados (ARCO), Adecoagro (AGRO), and Cidara Therapeutics (NASDAQ:) to one’s portfolio. Wall Street analysts predict these stocks will see a 50% increase in their prices in the immediate future. Read on.Last Friday’s U.S. jobs report showed that just 194,000 nonfarm payrolls were created in September, compared to 500,000 estimated by Dow Jones. Nevertheless, the S&P 500 managed to advance during the week as optimism about the U.S. debt ceiling increased, with Washington reaching a deal to raise the debt ceiling through December.

In addition, promising results from Merck & Co., Inc.’s (MRK) oral COVID-19 treatment have provided some support. Furthermore, according to a Factset report, more S&P 500 companies have issued positive EPS guidance for the third quarter. These are just a few of the solid stocks that have strong growth potential and low prices.

Wall Street analysts predict that shares will rise in the future Arcos Dorados Holdings Inc . (NYSE:), Adecoagro S.A.

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