Cheapest Stocks on TD Ameritrade

Investing in the stock market can be a daunting task, especially for beginners. One of the biggest hurdles is finding the right stocks to invest in.

With thousands of stocks listed on the major exchanges, it can be difficult to determine which ones offer the best value for your investment.

However, with TD Ameritrade, finding the cheapest stocks to buy has never been easier.

What are Penny Stocks?

Penny stocks are stocks that trade at a low price, usually under $5 per share. These stocks are often associated with smaller companies that are still in their early stages of growth.

While investing in penny stocks can be risky, they can also provide investors with substantial returns if they are able to identify the right companies to invest in.

With TD Ameritrade, investors can easily find and invest in penny stocks that offer the potential for significant growth.

How to Find the Cheapest Stocks on TD Ameritrade

Finding the cheapest stocks on TD Ameritrade is relatively easy. The platform offers a range of tools and resources that allow investors to filter and sort stocks based on their price, market capitalization, and other key metrics.

One of the most popular tools for finding cheap stocks on TD Ameritrade is the Stock Screener. This tool allows investors to filter stocks based on a range of criteria, including price, volume, market capitalization, and industry.

Top 5 Cheapest Stocks on TD Ameritrade

Here are some of the cheapest stocks on TD Ameritrade that are worth considering:

1. TransEnterix Inc. (TRXC)

TransEnterix Inc. is a company that specializes in creating medical devices, specifically surgical robots. These robots are designed to assist in surgical procedures and provide greater accuracy and precision than traditional surgical methods. Currently, the stock of this company is trading at a low price of around $1.00 per share on TD Ameritrade, which makes it one of the most affordable stocks available for purchase on the platform.

Despite its low price, TransEnterix Inc. has shown impressive potential for growth in the future. This potential can be attributed to the company's focus on innovation and development in the field of medical technology. As a result, it has attracted the attention of investors who are seeking opportunities for profitable investments in undervalued stocks. However, as with any investment decision, it is important to conduct thorough research and analysis before making any investment decisions.

2. Whiting Petroleum Corporation (WLL)

Whiting Petroleum Corporation is a company that operates in the oil and gas industry in the United States. They explore, extract, and sell these natural resources to consumers. Currently, the stock of this company is trading at a low price of around $1.20 per share on TD Ameritrade, which makes it another cheap stock available for purchase on the platform.

Although Whiting Petroleum Corporation has faced some challenges in recent years, including bankruptcy in 2019, it has also shown potential for growth. The company has been taking steps to reduce costs and improve efficiency in their operations, which could lead to increased profitability in the future. Therefore, it could be a good long-term investment opportunity for investors who are willing to take on the risks associated with investing in the oil and gas industry. However, as with any investment decision, thorough research and analysis are necessary before making any investment decisions.

3. Genworth Financial Inc. (GNW)

Genworth Financial Inc. is a company that provides financial services, including insurance and investment solutions, to individuals and businesses. Currently, the stock of this company is trading at a low price of around $2.50 per share on TD Ameritrade, which makes it another cheap stock available for purchase on the platform.

Despite some recent setbacks, including challenges in the long-term care insurance market and regulatory scrutiny, Genworth Financial Inc. has shown potential for growth. The company has been taking steps to address these issues and improve its financial performance, which could lead to increased profitability in the future. Therefore, it could be a good investment opportunity for those who are looking to invest in undervalued stocks.

4. Nokia Corporation (NOK)

Nokia Corporation is a company that operates in the telecommunications industry and focuses on designing and selling networking and communication equipment. The stock of this multinational corporation is currently trading at a price of around $4.00 per share on TD Ameritrade. Although this price may seem high in comparison to other cheap stocks, it is still considered affordable for investors who are looking for undervalued technology stocks.

Nokia Corporation has shown remarkable growth potential in recent years, which has caught the attention of investors who are seeking opportunities for profitable investments. This growth potential can be attributed to the company's focus on innovation and development in the telecommunications industry. However, it is important to conduct thorough research and analysis before making any investment decisions, even when investing in well-known companies like Nokia Corporation.

5. OpGen Inc. (OPGN)

OpGen Inc. is a company that specializes in creating medical solutions for infectious diseases. As a diagnostic company, they develop and sell products that help identify and treat these diseases. Currently, their stock is trading at a low price of around $1.00 per share on TD Ameritrade, which makes it one of the cheapest stocks available for purchase on the platform.

Despite some challenges that the company has faced in recent years, there is potential for growth in the future. For investors who are looking for undervalued stocks, OpGen Inc. could be a good option to consider. However, it is important to do thorough research and analysis before investing, as with any investment decision.

Risks of Investing in Cheap Stocks

While investing in cheap stocks can be tempting, it is important to note that these stocks can be riskier than more expensive stocks. Penny stocks are often associated with smaller companies that are still in their early stages of growth. This means that there is a higher chance that these companies may fail, leaving investors with little to no return on their investment.

Additionally, penny stocks are often subject to higher volatility than more established stocks. This means that the price of these stocks can fluctuate significantly in a short period of time, making it difficult for investors to predict their future performance.

Tips for Investing in Cheap Stocks

If you are considering investing in cheap stocks on TD Ameritrade, here are some tips to help you make informed investment decisions:

1. Do Your Research

Before investing in any stock, it is important to do your research. This includes reading up on the company's financials, management team, and growth prospects. By understanding the company's fundamentals, you can make more informed investment decisions.

2. Diversify Your Portfolio

Investing in a single stock can be risky, especially when it comes to penny stocks. To minimize your risk, consider diversifying your portfolio by investing in multiple cheap stocks across different industries. This can help to spread out your risk and increase your chances of success.

3. Set Realistic Expectations

Investing in cheap stocks can be exciting, but it is important to set realistic expectations. Penny stocks are often associated with higher risk and higher potential reward. However, it is important to remember that not all cheap stocks will provide substantial returns.

4. Monitor Your Investments

Once you have invested in a cheap stock, it is important to monitor your investment on a regular basis. This includes keeping an eye on the company's financials and news updates that may impact the stock's price. By staying informed, you can make better decisions about when to buy or sell your shares.

Conclusion

Investing in cheap stocks on TD Ameritrade can be a great way to find undervalued companies with potential for growth. However, it is important to remember that these stocks can be riskier than more established stocks. By doing your research, diversifying your portfolio, setting realistic expectations, and monitoring your investments, you can make informed investment decisions and increase your chances of success.