3 Affordable Stocks Under $10 Ready to Rebound Soon

Market Overview - Investors are seeking affordable stocks with upside potential following a minor "flash crash" in the S&P 500, attributed to the unwinding of the "carry trade" between the Japanese yen and U.S. dollar [1] - A quick recovery in the market suggests a more optimistic outlook than initially perceived [1] Stock Recommendations - Stocks trading below $10 are highlighted for their potential gains, with Riot Platforms Inc. (NASDAQ: RIOT) being a notable mention due to its connection to the cryptocurrency market [2] - Warren Buffett's increased investment in Occidental Petroleum Co. (NYSE: OXY) is expected to positively influence Transocean Ltd. (NYSE: RIG) and Cemex (NYSE: CX) as they are positioned to benefit from the current market dynamics [2] Riot Platforms Inc. (RIOT) - Current stock price is $8.10, with a P/E ratio of 9.31 and a price target of $17.01, indicating a potential upside of 110% [3][4] - The company holds approximately 9,704 Bitcoin, valued at around $582.4 million at an average price of $60,000 per Bitcoin [5] - A decline in short interest by 6.4% over the past month suggests a shift in investor sentiment towards a bullish outlook [6] Transocean Ltd. (RIG) - Current stock price is $5.22, with a price target of $7.25, indicating a potential upside of 39% [7][9] - Analysts predict oil prices could reach $100 per barrel, which would benefit Transocean as it operates in the energy sector [10] - A 2% decline in short interest over the past month indicates a potential bullish sentiment among investors [10] Cemex (CX) - Current stock price is $6.66, with a price target of $8.78, suggesting a potential upside of 31.7% [11][13] - The real estate sector is expected to see increased demand due to potential rate cuts from the Federal Reserve, which could positively impact construction materials stocks like Cemex [11] - Analysts forecast a 17.6% growth in earnings per share (EPS) for Cemex over the next 12 months, with a price target of $12 per share from Morgan Stanley [13]