The best stocks under $200 to buy today depend on today’s chart. The fact is, 99.9% of these cheap stocks will eventually be worth less than they are right now. That’s why I tell my students to build a watchlist every day.
The best traders watch more stocks than they trade. That’s essential for getting to know the charts of these stocks — these charts will give you valuable info about their future moves. If you study the patterns these stocks follow, you can find opportunities for the kind of small gains that can grow a small account fast.
Today I’ll show you how to build a watchlist for stocks under $200. Read on for the results!
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What Are the Best Stocks to Buy Under $200 in December 2023?
To find the best stocks to buy under $200 in December 2023 requires a top-level stock screener. I use the one in StocksToTrade — I helped design it, so it has all the tools and customizations I look for to create my stock watchlists.
Try StocksToTrade for 14 days and see how it helps your watchlist skills — only $7!
To find watch-worthy stocks under $200, I input the following criteria:
- Last Price ≤ $200
- Last Price ≥ $50
- Volume ≥ 50,000
When I run this screen in December 2023 and sort by percent change, it gives me the following top results:
“params”: {“top_price”:”200″,”bottom_price”:”50″,”bottom_percent_change”:”2″,”volume[0][time_start]”:”0:00″,”volume[0][time_end]”:”8:30″,”volume[0][bottom]”:”0″,”volume[1][time_start]”:”8:30″,”volume[1][time_end]”:”9:30″,”volume[1][bottom]”:”50000″,”volume[2][time_start]”:”9:30″,”volume[2][time_end]”:”0:00″,”volume[2][bottom]”:”70000″}}]]]
Best Stocks Under $200 to Buy in December 2023
The best stocks under $200 in December 2023 are:
- Tesla Inc. [NASDAQ: TSLA]
- Coinbase Global Inc. [NASDAQ: COIN]
- American International Group Inc. [NYSE: AIG]
- Direxion Daily Financial Bull 3x Shares [NYSE: FAS]
- Knight-Swift Transportation Holdings Inc. [NYSE: KNX]
This is a watchlist — not a “buy list.”
I’m sharing this so you can see my process. If you want to see more NO-COST watchlists, you can sign up for my weekly watchlist here.
Read on for the best stocks that I’m watching today!
Tesla Inc. [NASDAQ: TSLA]
Founded in 2003 and based in Palo Alto, California, Tesla is a vertically integrated sustainable energy company that also aims to transition the world to electric mobility by making electric vehicles. The company sells solar panels and solar roofs for energy generation plus batteries for stationary storage for residential and commercial properties including utilities. Tesla has multiple vehicles in its fleet, which include luxury and midsize sedans and crossover SUVs. The company also plans to begin selling more affordable sedans and small SUVs, a light truck, a semi truck, and a sports car. Global deliveries in 2022 were a little over 1.3 million vehicles.
Coinbase Global Inc. [NASDAQ: COIN]
Founded in 2012, Coinbase is the leading cryptocurrency exchange platform in the United States. The company intends to be the safe and regulation-compliant point of entry for retail investors and institutions into the cryptocurrency economy. Users can establish an account directly with the firm, instead of using an intermediary, and many choose to allow Coinbase to act as a custodian for their cryptocurrency, giving the company breadth beyond that of a traditional financial exchange. While the company still generates the majority of its revenue from transaction fees charged to its retail customers, Coinbase uses internal investment and acquisitions to expand into adjacent businesses, such as prime brokerage, data analytics, and collateralized lending.
American International Group Inc. [NYSE: AIG]
American International Group is one of the largest insurance and financial services firms in the world and has a global footprint. It operates through a wide range of subsidiaries that provide property, casualty, and life insurance. Its revenue is split roughly evenly between commercial and consumer lines.
The investment seeks daily investment results, before fees and expenses, of 150% of the daily performance of AAPL.
The fund, under normal circumstances, invests at least 80% of its net assets (plus any borrowings for investment purposes) in the securities of AAPL and financial instruments, such as swap agreements and options, that provide leveraged exposure to AAPL. The fund is non-diversified.
Knight-Swift Transportation Holdings Inc. [NYSE: KNX]
Knight-Swift Transportation is by far the largest full-truckload carrier in the United States, but its service offering is diversified. Roughly 71% of consolidated revenue derives from its asset-based trucking business, with full-truckload (including for-hire dry van, refrigerated, and dedicated contract) making up 58% of total top line and less-than-truckload at 13%. Truck brokerage and other asset-light logistics services make up 14% of revenue, with intermodal near 7%. Knight’s intermodal operations use the Class-l railroads for the underlying movement of its shipping containers and also include drayage. The remainder of revenue reflects various services offered to shippers and third-party truckers including insurance, equipment maintenance, and equipment leasing.
Which Is the Cheapest High-Potential Stock to Buy Right Now?
To find the cheapest high-potential stocks, you have to study their charts.
Take a look at the 1-year chart for Clean Vision Corp. (OTCPK: CLNV):
See how many 100% spikes this stock had in the past year? Each one of these spikes was a trading opportunity — that’s the way I’ve made over $8,000 in total earnings trading this stock (click the link to see my individual trades).
However, that’s not a recommendation to “buy” this stock. See how it drops after every spike?
CLNV follows my 7-step pennystocking framework perfectly. This framework isn’t just for penny stocks though… You can also see its patterns play out in higher priced stocks like Tesla Inc. (NASDAQ: TSLA).
This is the chart you have to commit to memory:
Remember this chart well, its the basis for my 7-step framework, @30DayBoot & @completepenny & you must study not to fall prey to greed/ignorance or you'll get wrecked like 90% of traders. It's VITAL to sell into excessive strength/hype, do not just hold & hope like most newbies pic.twitter.com/QsAGHsI6lp
— Timothy Sykes (@timothysykes) February 28, 2021
What Are the Stocks Under $200 with the Highest Potential?
Look up at the charts of the stocks above. Do you see any spikes in their long-term chart?
That’s a good sign.
History doesn’t repeat, it rhymes. And that’s a good thing for former runners…
https://t.co/gIIuF22exF Former runners can run again, never forget!
— Timothy Sykes (@timothysykes) December 7, 2020
Stocks Under $200 FAQs
Just because a stock trades for under $200 doesn’t make it cheap. Read on for some more questions you might be asking…
Get a powerful stock screener like the one in StocksToTrade, and start building parameters. When I’m looking for tradable stocks under $200, I want their volume to be great enough for the stock to be liquid. This way I can enter and exit a position more easily.
A stock under $200 needs high volume for me to trade it. When I’m building my stock scan, I’ll typically look for stocks that have traded over 1 million shares so far that day.
The scanner I’m using in this article is set to look for stocks that have traded more than 50,000 shares. This will help you identify watch-worthy stocks — even if you’re looking in pre-market.
I don’t trade options, but my former student Mark Croock has made more than $4 million mostly with this strategy! He’s done this by adapting my penny stock strategies to the world of options… If you’re interested in learning his risk-informed approach, check out “The Ultimate Options Trading Blueprint For Small Accounts” — it’s no cost for a limited time!
I don’t have a “favorite” stock under $200 — I mostly trade penny stocks, which trade under $5. However, penny stocks will often run above the $5 range, which happened with the SPAC stock Ocean Biomedical Inc. (NASDAQ: OCEA). It still moved like a penny stock, so I was able to use my penny stock strategies in trading it… I made $210 in two small trades (click the link to see my individual trades).
I wouldn’t recommend any stocks to buy under $200 that pay dividends, or any dividend stocks at all. You have to hold stocks through their dividend date to receive payouts, and I am more of a trader than an investor. Dividend stocks are traditionally seen as less risky to hold than other stocks — but I think that every stock is risky to hold.
Plus, dividend stocks give away some of the value that would otherwise add to their share price. That means they see less growth than non-dividend stocks, which doesn’t make them great for trading either.
