Today, May 19, 2022, Dow Jones is trading at ~31,097, the S&P 500 at ~3,825, and Nasdaq at ~11,127. With market uncertainty being the prevalent status, keen investors rightly ask: “what are the 10 best stock buys now?”

To answer this, we searched for cheap stocks issued by stable and profitable businesses having great upsides assigned to them by Wall Street.

And we found the 10 best of them…

1.  Shoe Carnival Inc (NASDAQ: SCVL)

Shoe

Business

 

Shoe Carnival Inc, founded in 1978 and headquartered in Evansville, Indiana, is a footwear retailer with hundreds of stores in the US. It offers moderately priced casual and athletic footwear for men, women, and children.

The company minimizes the requirement of staff by keeping all merchandise on the selling floor and leasing store locations in open-air shopping centers.

Forecast

 

Based on the 3 analysts’ 12-month median price target of $47 and the stock’s trading price, SCVL now has a 121.07% upside. The highest price target is $55 which represents a 158.70% upside and the lowest is $40 which represents a 34.22% upside.

Fundamentals

 

P/E ratio 3.92x
P/B ratio 1.39x
ROE 34.2%
Revenue Growth 36.20%
EPS Growth 867.85%
Current Ratio 2.87x
Interest Coverage 8652.25x
D/E ratio 0.79x

 

 

Source: SCVL Annual Report

2.  Bluelinx Holdings Inc (NYSE: BXC)

Bluelinx

Business

 

BlueLinx Holdings Inc, founded in 2004 and headquartered in Atlanta, Georgia, is engaged in the wholesale distribution of building and industrial products.

Its business products are split into two categories: structural (lumber, engineered wood, millwork, etc.) and specialty products.

Forecast

 

Based on the 4 analysts’ 12-month median price target of $131 and the stock’s trading price, BXC now has an 89.36% upside. The highest price target is $138 which represents a 99.47% upside and the lowest is $125 which represents an 80.68% upside.

Fundamentals

 

P/E ratio 2.3x
P/B ratio 1.85x
ROE 81.52%
Revenue Growth 38.09%
EPS Growth 250.76%
Current Ratio 3.87x
Interest Coverage 9.62x
D/E ratio 2.62x

 

Source: BXC Annual Report

3.  Alcoa Corp (NYSE: AA)

Alcoa

Business

 

Alcoa, founded in 1888 and headquartered in Pittsburgh, Pennsylvania, is the world’s eighth-largest producer of aluminum whose operations include alumina refining, bauxite mining,  and primary aluminum manufacturing.

In May 2007, in an attempt to form the world’s largest aluminum producer, the company made a US$27 billion hostile takeover bid for Alcan.

Forecast

 

Based on the 12 analysts’ 12-month median price target of $83 and the stock’s trading price, AA now has a 99.32% upside. The highest price target is $106 which represents a 154.56% upside and the lowest is $54 which represents a 29.68% upside.

Fundamentals

 

P/E ratio 19.82x
P/B ratio 1.35x
ROE 6.82%
Revenue Growth 30.86%
Current Ratio 1.55x
Interest Coverage 4.86x
D/E ratio 1.39x

 

Source: AA Annual Report

4.  Cleveland-Cliffs Inc (NYSE: CLF)

Cliffs

Business

 

Cleveland-Cliffs Inc, founded in 1847 and headquartered at 200 Public Square, Cleveland, is the largest flat-rolled steel producer in North America and a manufacturer of iron ore pellets.

The company serves a diverse range of markets because of its supplying of steel to the automotive industry and comprehensive offering of flat-rolled steel products in North America.

Forecast

 

Based on the 8 analysts’ 12-month median price target of $28.5 and the stock’s trading price, CLF now has a 90.25% upside. The highest price target is $47 which represents a 213.75% upside and the lowest is $20 which represents a 33.51% upside.

Fundamentals

 

P/E ratio 2.8x
P/B ratio 1.36x
ROE 51.74%
Revenue Growth 281.84%
Current Ratio 2.14%
Interest Coverage 11.9x
D/E ratio 2.28x

 

Source: CLF Annual Report

5.  Titan Machinery Inc (NASDAQ: TITN)

Titan

Business

 

Titan Machinery Inc, founded in 1980 and headquartered in West Fargo, North Dakota, is an agricultural and construction equipment provider in the United States and Europe.

More precisely, the company repairs and sells agricultural equipment, including machinery and attachments for home and gardening purposes, as well as for large-scale farming.

Forecast

 

Based on the 3 analysts’ 12-month median price target of $40 and the stock’s trading price, TITN now has an 80.75% upside. The highest price target is $41 which represents an 85.26% upside and the lowest is $32 which represents a 44.6% upside.

Fundamentals

 

P/E ratio 7.78x
P/B ratio 1.16x
ROE 15.17%
Revenue Growth 21.3%
EPS Growth 239.53%
Current Ratio 1.84x
Interest Coverage 15.78x
D/E ratio 1.17x

 

Source: TITL Annual Report

6.  Amkor Technology Inc (NASDAQ: AMKR)

Amkor

Business

 

Amkor Technology Inc, founded in 1968 and headquartered in Tempe, Arizona, is a semiconductor product packaging and test services provider.

The firm’s products are split into two categories:

  • Advanced products (including flip chip, wafer-level processing, and testing services)
  • Mainstream products (including wirebond packaging and testing)

 

Forecast

 

Based on the 2 analysts’ 12-month median price target of $25.75 and the stock’s trading price, AMKR now has a 71.78% upside. The highest price target is $30 which represents a 100.13% upside and the lowest is $21.5 which represents a 43.42% upside.

Fundamentals

 

P/E ratio 5.88x
P/B ratio 1.27x
ROE 21.63%
Revenue Growth 21.53%
EPS Growth 87.14%
Current Ratio 1.7x
Interest Coverage 14.82x
D/E ratio 1.03x

 

Source: AMKR Annual Report

7.  Genesco Inc (NYSE: GCO)

Genesco

Business

 

Genesco Inc, founded in 1924 and headquartered in Nashville, Tennessee, is an American publicly owned specialty retailer of footwear, headwear, sports apparel, and accessories.

In June 2011, the company acquired Schuh (a U.K. retail chain and web business) which provided them with an already well-established grounding in a market outside of the United States.

Forecast

 

Based on the 3 analysts’ 12-month median price target of $82 and the stock’s trading price, GCO now has a 61.54% upside. The highest price target is $83 which represents a 63.51% upside and the lowest is $64 which represents a 26.08% upside.

Fundamentals

 

P/E ratio 6.25x
P/B ratio 1.19x
ROE 19.06%
Revenue Growth 35.57%
Current Ratio 1.64x
Interest Coverage 48.15x
D/E ratio 1.59x

 

Source: GCO Annual Report

8.  Heritage-Crystal Clean Inc (NASDAQ: HCCI)

Heritage

Business

 

Heritage-Crystal Clean Inc, founded in 2007 and headquartered in Elgin, Illinois, is a leading provider of used oil re-refining, parts cleaning, and hazardous and non-hazardous waste services.

It does business through 2 segments:

  • Environmental Services (parts cleaning, vacuum truck, containerized waste management, and antifreeze recycling services)
  • Oil Business (collecting used oil, selling recycled fuel oil, and engaging in the re-refining of used oil into lubricant base oil and by-products).

 

Forecast

 

Based on the 5 analysts’ 12-month median price target of $39 and the stock’s trading price, HCCI now has a 46.61% upside. The highest price target is $42 which represents a 57.89% upside and the lowest is $36 which represents a 35.33% upside.

Fundamentals

 

P/E ratio 10.47x
P/B ratio 1.86x
ROE 17.81%
Revenue Growth 26.94%
EPS Growth 407.84%
Current Ratio 1.83x
Interest Coverage 88.95x
D/E ratio 0.54x

 

Source:  HCCI Annual Report

9.  Movado Group Inc (NYSE: MOV)

Movado

Business

 

Movado Group Inc, founded in 1881 and headquartered in Paramus, New Jersey, is an American luxury watchmaker.

It operates its business through 2 segments:

  • Watch and Accessory Brands (designing, manufacturing, and distribution of watches of quality owned brands and licensed brands)
  • Company Stores (retail outlet locations in the United States and Canada)

 

Forecast

 

Based on 1 analyst’s 12-month price target of $43 and the stock’s trading price, MOV now has a 39.29% upside.

Fundamentals

 

P/E ratio 8.018x
P/B ratio 1.54x
ROE 19.29%
Revenue Growth 44.62%
Current Ratio 3.65x
Interest Coverage 171.54x
D/E ratio 0.59x

 

Source: MOV Annual Report

10. United States Steel Corp (NYSE: X)

USS

Business

 

United States Steel Corp, founded in 1901 and headquartered in U.S. Steel Tower

Pittsburgh, is an American steel producer, operating primarily in the US and in several countries across Central Europe.

The company’s segments are:

  • North American Flat-Rolled
  • Mini Mill
  • S. Steel Europe
  • Tubular Products

 

Forecast

 

Based on the 9 analysts’ 12-month median price target of $24 and the stock’s trading price, X now has a 42.94% upside. The highest price target is $140 which represents a 162.06% upside and the lowest is $20 which represents a 19.11% upside.

Fundamentals

 

P/E ratio 1.2x
P/B ratio 0.05x
   
ROE 45.85%
Revenue Growth 116.36%
Current Ratio 1.856697819
Interest Coverage 15.80x
D/E ratio 0.95x

 

Source: X Annual Report