5 Best Cheap Stocks to Buy in June 2021
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Choosing which stocks to buy can be hard, particularly when there’s so many expensive stocks on offer. Buying cheap stocks is one of the best ways to make profit on the stock market. Here we’ll explore some of the cheapest stocks to buy in June 2021.
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1. Vitec (LSE:VTC)
The Vitec Group plc could be your best pick among many low valuation companies as a significant cheap stock that is currently in the strong BUY zone.
Its total market capital rests at £637.9 million (price per share being £1,380). The entire week, Vitec has performed profitably and recorded bullish sentiments since the past 5 days.
From technical viewpoint, VTC has been put under the Strong Buy zone by many technical indicators and oscillators like RSI (55), SMA (1318), MACD (-7), and EMA (1326).
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2. Celanese Corporation (NYSE:CE)
Celanese Corporation is a Technology and Materials Company that markets engineered polymers across US and other countries.
Financially, the company and its share CE shows stability with a market capitalisation of $16.89 billion and individual share prices increasing at 0.85% from $150. CE investors are expecting the next earnings report to release on July 26.
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Technical parameters for CE shares give a strong Buy signal based on the indicators like EMA (152.07), RSI (34.53), MACD (-3.93), and SMA (152.72).
3. HP Inc. (NYSE:HPQ)
Widely recognised brand manufacturer of quality computer hardware systems is currently in a highly lucrative buy zone. Despite having a total market capitalisation of over $35 billion, one should look at it as a must buy today.
It has rolled out support for the newest instalment of Windows 11 OS and HPQ has climbed to $29.4 as a result. HP Inc. board has also declared cash dividend yesterday which is $0.19 per share on the common HPQ stock.
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Technical indicators like SMA (29.38), EMA (29.24), RSI (41.49), and MACD (-0.77) give a neutral signal regarding this stock.
4. Kroger (NYSE:KR)
Kroger is a US-based retailer which operates in consumer stores that have various departments like grocery, drug store, food, etc. Its shares are listed on the New York Stock Exchange under the ticker symbol of KR. The market capitalisation of Kroger is currently at $29.2 billion with each KR share is valued at $39.15 at the moment.
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Technical indicators such as RSI (57.38), EMA (38.94), MACD (0.54), and SMA (38.82) point out towards the buy signal to benefit from today’s KR movements.
5. Town Centre Securities Plc (LSE:TOWN)
Town Centre Securities plc is a UK-based company that dabbles in the real estate sector. Their main operation base is in Leeds, Manchester, London, and Glasgow.
Town Centre Securities plc’s market capitalisation has reached a little over £78 million with TOWN’s individual price being £142.5 (up by +4.82%).
Technical analysis of TOWN reveals that indicators such as SMA (132.7), EMA (134.4), RSI (74.1), and MACD (1.4) predict a strong buy for investors looking for a cheap buy today.
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