In many ways, 2022 has been a year like no other, as investors and consumers alike have been looking for signs that the macroeconomic headwinds might eventually ease. October started off in rally mode, but a couple of new economic reports suggest relief is still a way off, sparking a wide-ranging sell-off on Wall Street. To be clear, there was nothing in the way of company-specific news driving these technology stocks lower today.
Stocks trading at low prices are easily accessible to a wide pool of investors (i.e., no need to buy fractional shares), which can lead to more liquidity and a faster-moving stock. One way to increase the odds of success with these low-priced stocks is to invest in companies with significant growth opportunities. Two stocks trading at less than $10 a share that growth investors will want to consider buying for the long haul are Ginkgo Bioworks (NYSE: DNA) and Palantir Technologies (NYSE: PLTR).
Palantir Technologies Inc. (PLTR) closed at $8.24 in the latest trading session, marking a +1.35% move from the prior day.