When looking for new stocks to invest in, it can be hard to find a good balance of affordability and growth potential.
In this article, we’ll talk about some of the best stocks under $50 but over $20.
These stocks typically have more stability and long-term potential than a penny stock, but are more affordable than some of the biggest names on the stock market.
Looking for something a bit more affordable? Don’t worry – we also have recommendations for the best stocks under $20, best stocks under $10, best stocks under $5, and best stocks under $1. No matter what you are looking for, there are investment options on the market for every price point.
When looking at stocks under $50, you’ll want to look at their most recent financial data as well as their recent stock performance.
If their revenue and earnings per share numbers have been beating analyst expectations, that is often an indication that the stock price will follow.
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Best Stocks Under $50 To Buy
MGM Resorts (NYSE: MGM)
MGM currently has resorts in Las Vegas, Nevada and Macao, China. They also have smaller properties throughout the United States.
At the end of July, MGM indicated that they are planning to build the first casino resort in Japan. This will establish them as a leader in this competitive real estate market.
Most of MGM’s properties are open in some capacity after over a year of shutdowns and fluctuating social distancing restrictions.
Many people are starting to get vaccinated for COVID-19, which should help slow the spread of the disease so that non-essential businesses can open. However, there is some concern about the Delta variant causing future shutdowns.
This company hasn’t been resting on their laurels either – they’ve also been moving into the lucrative online gambling business to keep their revenue up. They launched their BetMGM service with Entain, which is currently operational in nine states.
While this online service is still in its early stages, it has plenty of room to grow. As other states and countries loosen their online gambling laws, BetMGM can expand their customer base.
MGM has been taking steps to stabilize their finances. They recently sold two of their hotel properties in Las Vegas to Blackstone Group, which should generate roughly $3.9 billion in revenue.
They’re also working to use more sustainable energy. They recently started using a solar power plant in Nevada to power many of their resorts in the Las Vegas area.
Since climate change is an increasingly big concern for many people, this change could set MGM apart from their competitors.
MGM’s finances are in a good place moving forward – they managed to turn around their losses from last year and return to profitability in the second quarter of 2021.
This is an incredibly appealing stock in the travel and leisure segment that’s worth keeping an eye on.
Simply Good Foods (NASDAQ: SMPL)
Simply Good Foods is a company that makes healthy snacks and drinks, such as protein bars, shakes, and more.
They are based in Denver, Colorado and have two well-known subsidiaries: Atkins and Quest Nutrition.
Simply Good Foods stock has been on a steady upward trajectory over the past year.
This is likely due to their strong financial performance over the past few quarters. They have been consistently beating their earnings estimates recently, indicating that their business model is working.
While SGF products aren’t going to appeal to every consumer, they have an established following.
The Atkins brand has been around for decades and is a trusted name in the health foods industry.
If Simply Good Foods can keep up their positive performance in future quarters, their stock price could keep growing as well.
Ping Identity Holding Corp. (NYSE: PING)
Ping Identity is a cybersecurity company based in Denver, Colorado.
In particular, they specialize in both physical and digital identity verification solutions for industries like finance, retail, healthcare, manufacturing, and more.
With so many people working remotely these days, it’s more important than ever for companies to provide secure connections for their employees.
Identity management tools help keep digital systems safe regardless of where users are accessing them.
One of Ping Identity’s products is their own cloud-based cybersecurity platform that uses artificial intelligence.
AI technology could help make cybersecurity even more efficient in the long run.
After struggling through most of this year, Ping Identity stock is finally on an upward trajectory.
This is likely because they reported revenue growth for the second quarter of 2021 that beat analysts’ estimates.
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Top Stocks Under 50 Dollars
Savvy investors have their eyes on the electric vehicle market right now.
With the threat of global climate change looming, many people have been looking for more eco-friendly modes of transportation.
While electric vehicles were once considered a luxury item, they are quickly becoming mainstream.
Blink Charging is a stock that can really benefit from a growing electric vehicle market. Blink develops the charging stations and batteries that electric vehicles rely on.
They make chargers for private use at homes and businesses, but there are also over 23,000 charging stations around the world.
This stock has plenty of momentum right now. It had a breakout moment at the end of November 2020, although its price has been fluctuating since then.
Blink Charging joined the Russell 2000 Index in late June this year.
Although this is still a relatively new company, they are an exciting name in a market that is relatively untapped so far.
Now is a great time to buy, before they break out of the $50 range.
Bank of America (NYSE: BAC)
Bank of America is one of the ‘Big Four’ banks in the United States, so you might be surprised to find that it is currently trading at less than $50 per share.
This stock recently dipped slightly in price. This is likely a result of Bank of America’s most recent earnings report, which narrowly missed revenue estimates.
This was mostly due to ups and downs in the investment banking sector. However, general consumer spending is up this quarter as pandemic restrictions start to lift.
Bank of America is one of the most established banks in the country, so this is likely just a temporary setback.
Their price-to-earnings ratio is still relatively low, and they’ve also maintained a dividend yield of approximately 2 percent.
If you’re looking for an established pick in the financial sector at a great value, Bank of America is definitely one to watch.
Best Dividend Stocks Under $50
Enterprise Products Partners (NYSE: EPD)
Enterprise Products Partners is an energy company that deals with both crude oil and natural gas.
They are a midstream company based in Houston. This means they run pipelines and operate processing and storage facilities as well.
If you’re looking for a dividend stock under $50, EPP can provide a huge payout over time.
Their current dividend yield is over 8 percent, which is particularly huge for an energy company. They’ve also consistently increased their dividend each year for the past few decades, proving that they are committed to providing payouts for their investors.
Many investors have been concerned about investing in oil due to the current concern about climate change.
However, oil isn’t going anywhere in the short term. EPP also deals in natural gas, which produces lower emissions and is in high demand right now.
Energy companies have done well this year as pandemic restrictions have lifted and consumers have started driving again.
Overall, this stock is an excellent income investment and is definitely one to watch moving forward.
Also Read: Trade Ideas Review
Top Technology Stocks Under $50
Sonos Inc. (NASDAQ: SONO)
Sonos is an audio technology company that is known for their speakers. They are based in Santa Barbara, California, but have a global presence.
Over the years, they have partnered with a number of other music and tech companies. Current Sonos products work with popular music services like Spotify, Pandora, iHeartRadio, and more.
Their products also work with voice assistant services like Amazon Alexa, Apple Siri, and Google Voice.
Sonos went public in 2018. Their stock price popped earlier in the spring after delivering a promising earnings report in May.
Their second-quarter sales were up 90 percent year-over-year, which is very impressive.
This stock has dropped slightly since peaking a few months ago. This presents an opportunity for investors to buy this promising tech stock at an affordable price.
While there’s plenty of competition in the audio tech industry, Sonos has built a strong brand that stands out. Their integrations with other popular tech products make them particularly appealing to new customers.
Biotech Stocks Under $50
Pfizer Inc. (NYSE: PFE)
Pfizer has been a huge name in the healthcare industry over the past year, so you might be surprised to see that their share price is still less than $50.
This stock is a great pick for investors who want a consistent and affordable long-term investment for their portfolio.
Pfizer was the first company in the US to develop a vaccine for COVID-19, and they are distributing this vaccine all over the world.
Their vaccine was also the first to be fully approved by the FDA in the United States.
This approval sent Pfizer’s share price shooting upward, although it has since cooled off from this peak.
It’s likely that it will take several years before COVID-19 is fully under control globally. This means that this vaccine will continue to be a strong source of revenue for Pfizer.
Beyond the COVID-19 vaccine, Pfizer is a respected pharmaceutical company with a full portfolio of products. They also have many products currently in their pipeline.
Because they are a fully established company, investors can feel confident in their future financial stability.
Right now, Pfizer’s price-to-earnings ratio is around 20.
This is fairly low and indicates that Pfizer could be somewhat undervalued when compared to their most recent earnings report.
They also currently have a dividend yield of 3.39 percent, which makes them a good choice for income investors as well.
Best Stocks Under $50: Final Thoughts
Stocks in the range of $20 and $50 are a great option for investors on a budget.
Investing in these stocks is much less risky than cheaper penny stocks, but buying a share still won’t break the bank.
Keep an eye on the stocks under $50 we listed in this article.
Many could break out of the $50 range soon. This means you’ll want to add them to your portfolio while prices are still low.
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