Recently, I’ve published a list of The best cheap stocks to buy for under $10. In this article, we’ll look at where Elanco Animal Health Inc. (NYSE:ELAN) can play against other cheap stocks and buy under $10.
On April 21, co-founder and managing partner, Fundstrat CIO Tom Lee joined CNBC’s “Squawk Box” to discuss the latest market trends, saying that despite the ongoing Fed uncertainty, the market could be uncertainty of past peaks. However, Lee believes that “the biggest pain” is still expected as economic risks could sluggish among investors. Nevertheless, he believes that the structure of fear is low. He admits his final low on the S&P 500 was around 4,800, reaching a few weeks ago, and believes that the market could be dangerously close to that level in the coming weeks due to ongoing uncertainty and investors remaining on the sidelines. Nonetheless, Lee emphasizes that the company is extremely resilient and should be revealed during the revenue season. He also mentioned the possibility of eliminating trade tensions with countries like China, such as reducing tariffs and breaking out extensions of trade tensions with countries like China, even if such developments are not overnight.
Lee also elaborated in the “Grandma Shot” ETF, saying that although the grandma shots in the portfolio are not immune to decline, they are closely linked to the most important long-term investment themes, such as cybersecurity and demographic shifts, such as the rise of millennials. The idea is to choose stocks that are strongly correlated with multiple persistent themes. This increases the likelihood that these stocks will work well over time, and compares this to the reliability of a well-run grandma shot in basketball. Lee also said that Bitcoin may have been curtailed by the system’s derevalization earlier this year, and that it may have curtailed the price of Bitcoin as it sells what investors can do, but the removal process appears to be over. He now hopes that Bitcoin will catch up with gold, highlighting that Bitcoin’s previous highs are above $110,000. Gold has recently surged to new highs, seemingly on track to $4,000, with Bitcoin behind, but ultimately attracting some of the same investment flows that drive gold high.
I first used the Finviz Stock Screener to compile a list of cheap stocks under the age of 15 who traded under $10. After that, they chose the 10 most popular shares among elite hedge funds, and analysts were bullish. Stocks were ranked in ascending order of the number of hedge funds that contain stocks in them as of the fourth quarter of 2024. Hedge fund data was sourced from Insider Monkey’s database, which tracks the movements of over 1,000 elite money managers.
Note: All data was sourced on April 22nd.
Why are hedge funds interested in the stocks they accumulate? The reason is simple. Our research shows that mimic the top stock picks of the best hedge funds can outperform the market. Quarterly Newsletter’s strategy was to select 14 small and large caps per quarter, returning 373.4% since May 2014, surpassing the benchmark by 218 percentage points (sFor more information about EE, click here).
Is Elanco Animal Health Inc. (NYSE:ELAN) the best cheap stock to buy for under $10?
Farmers caring for herds of cattle with innovative parasite products and vaccine products.
Stock price as of April 22nd: $8.48
Forward P/E ratio as of April 22: 10.07
Number of hedge fund holders: 37
Elanco Animal Health Inc. (NYSE: ELAN) is an animal health company that innovates, develops and manufactures products for pets and farm animals. We provide pet health products and therapeutics under the trademarks of Celeste, K-9 Advantage, Advantix and Advocate. They sell their products to third-party distributors and independent retailers, and sell them directly to farm animal producers and veterinarians.
In the fourth quarter of 2024, the company’s international pet health segment surged with an 11% increase in organic constant currency revenue. This growth was primarily born from two important products: ADTAB and SELESTO. ADTAB is a flea and mites protection product for both dogs and cats. It uses the same active ingredients as Credelio, which is growing through Elanco’s DTC strategy in Europe. This has led Elanco to revise ADTAB’s sales expectations, and now forecasts it will exceed $100 million.
Celeste is also a flea and mites collar that provides long-term protection, usually around 8 months. Growth within this segment was widespread throughout Europe, the Middle East, Latin America, Asia-Pacific and Canada. Elanco expects the acceleration of organic currency revenue growth to accelerate from 4% to 6% for the full year of 2025, driven by a strong momentum in international pet health.
Overall, Eran 10th place On the list of the best cheap stocks to buy for under $10. Although we acknowledge Elan’s growth potential, our belief lies in the belief that AI stocks provide high returns and have great prospects for doing so within a shorter time frame. There have been AI stocks that have risen since the beginning of 2025, and the popular AI stocks have lost around 25%. If you’re looking for AI stocks that are more promising than Elan, but traded at less than five times the revenues, Cheapest AI stocks.
