3 Stocks Under $10 Worth a Look in October

Grab (GRAB) reports Q3 earnings on November 2, with shares down 45.28% YTD. Q2 revenue was $997M (+21.7% YoY), EPS $0.06, and adjusted EBITDA $168M. Analysts expect Q3 EPS $0.02 and revenue $1.108B. Key focuses include Financial Services profitability, Stash's contribution, and buyback execution.

Bank of America maintains Buy rating on Nokia (NOK) and Underperform on Ericsson (ERIC) due to Starlink's U.S. cell site buildout. Nokia's Q3 results beat estimates with $5.83B revenue and $0.102 EPS. NOK's market cap is $49.6B, P/E 56.68, and YTD return 34.9%. Analysts note potential RAN equipment market implications and Nokia's strategic collaborations.

Scotiabank upgraded AST SpaceMobile (ASTS) to Outperform with a $55.70 price target. Roth Capital noted SpaceX's plan to lease 80,000 cell sites could benefit ASTS, Ericsson (ERIC), Nokia (NOK), and others. Citi sees upside for tower operators Crown Castle (CCI), SBA, and American Tower (AMT), but downside for major U.S. carriers.

Grab's $600M acquisition of Foodpanda in Taiwan was blocked by the Fair Trade Commission due to concerns over its ties with Uber, including ownership and board membership. The commission cited potential anti-competitive effects, rejecting Grab's proposed remedies. Grab expressed disappointment, and it's unclear if the companies will appeal. The deal was part of Grab's expansion plans outside Southeast Asia.

Taiwan's antitrust regulator blocked Grab's $600M acquisition of Foodpanda's local business, citing concerns over Uber's minority stake in Grab and its impact on market competition. The regulator will continue monitoring market consolidation.

Taiwan's Fair Trade Commission rejected Grab's acquisition of Foodpanda's Taiwan operations, citing competition concerns. Grab is a Singapore-based company.