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.
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)
Given the global COVID-19 shutdowns, it may seem counterintuitive to invest in this resort chain. However, they’re poised to make a comeback, and now could be the right time to get in on the action.
MGM currently has resorts in Las Vegas, Nevada and Macao, China. They also have smaller properties all over the United States.
Both of these cities are starting to reopen after a year of rolling shutdowns. 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.
MGM stock has slowly recovered from the stock market crash last March. While they have still lost money, they haven’t been hit as hard as some of their competitors.
They also haven’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.
Since MGM stock has slowly been going up, now could be the right time to buy. They’ve seen consistent growth since November 2020. This is a good long-term stock to add to your portfolio as the world recovers from the pandemic.
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Corning Inc. (NYSE: GLW)
Corning Inc. is a technology company that makes specialty glass and ceramics. They have a long history of developing popular glass products, as they were founded in 1851.
Corning initially made consumer products like Pyrex bakeware. Today, they focus on making glass and other materials for technology products. Most notably, they make glass for smartphones and other electronics.
They worked with Steve Jobs to develop the original iPhone and now supply many smartphone manufacturers with their Gorilla Glass product.
This stock has consistently gone up in price over the last year. High demand for smartphones, tablets, and other personal electronics means they still have plenty of room to keep growing.
They also have a diverse range of other operations, which helps keep them financially stable.
This stock also pays a 2.2 percent dividend yield. They have been very consistent about paying their dividends over the past few years to supplement market returns.
1-800-Flowers.com (NASDAQ: FLWS)
1-800-Flowers is an ecommerce company that specializes in floral arrangements, specialty foods, and gift baskets.
The company initially launched in the 1980s, where customers would order by phone. They later transitioned to an ecommerce model in the early 1990s at the beginning of the internet boom, and ran several brick-and-mortar locations as well.
1-800-Flowers runs several prominent subsidiaries, including Harry & David, The Popcorn Factory, Sheri’s Berries, Napco, and more.
As the COVID-19 pandemic is starting to come to an end, people are starting to celebrate holidays and birthdays together again. This is very promising for 1-800-Flowers.
The company’s most recent earnings report was very exciting as well. They beat analysts’ expectations on both earnings per share and revenue, and their stock price started trending upwards as a result.
However, their current P/E ratio still indicates that their share price is affordable. 1-800-Flowers is a company with a long history of success and a strong business model.
This stock could be a good bet on a rebounding economy.
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.
Now is a great time to buy, before they break out of the $50 range.
Sanmina Corp. (NASDAQ: SANM)
Sanmina Corporation is a circuit board manufacturer based in San Jose, California. They make circuit boards for a variety of different commercial applications, with a focus on the communications industry.
This stock has consistently performed very well over the past several months. Although they’ve delivered strong returns, their price-to-earnings ratio is still relatively low – as of late May, it is under 15.
This indicates that Sanmina could be undervalued despite their recent growth.
Sanmina’s most recent earnings per share numbers beat investor estimates, although their revenue numbers were less promising. However, the stock is still trading at a five-year high.
The past few years have shown us just how important electronic devices are to every aspect of our lives. Sanmina’s circuit boards are essential to many popular electronic devices.
This stock is a solid pick under $50 in the tech industry.
Best Dividend Stocks Under $50
Gap Inc. (NYSE: GPS)
Gap is a popular retail clothing company that owns several popular stores. These include their namesake brand as well as Old Navy, Banana Republic, Athleta, Intermix, and more.
This retail stock has been on a steady upward trajectory for the past year. While each of their brands are different, the company as a whole sells timeless, essential clothing items.
When you consider this, it’s not surprising that Gap has managed to continue performing well despite the economic ups and downs of the past year.
The company has also demonstrated their commitment to sustainable practices recently. Many consumers these days are very concerned with how their clothing is produced and its impact on the environment.
By focusing on sustainability, Gap has impressed investors and can appeal to this segment of consumers.
Additionally, Gap pays an excellent dividend yield of 2.87 percent. This makes it a good choice for income investors who are interested in retail stocks.
Also Read: Trade Ideas Review
Top Technology Stocks Under $50
Slack Technologies (NYSE: WORK)
Slack is a software company that helps teams communicate online. Their product offers direct messaging and group chat rooms, and it integrates with many other popular productivity tools.
They were founded in 2009, but only went public in 2019.
This product has been particularly helpful for people working from home during the COVID-19 pandemic. With Slack, teams can communicate efficiently, even while working from home.
Slack stock went up at the beginning of December 2020 when Salesforce announced a deal to acquire them. However, it will be at least a year until that sale goes through.
This means investors have to use a unique strategy when investing in Slack. When the deal goes through, Slack shareholders will receive a fixed cash payout as well as a portion of Salesforce stock.
There are a few different ways to approach this. The first is to invest in Slack for its short-term growth and sell before the acquisition.
Slack has had strong earnings reports over the last year. They’ve also had a very strong customer retention rate, which is an important factor to consider during tough economic times like these.
You could also plan on keeping the stock when Salesforce absorbs it. Salesforce is another platform that has been performing well during the pandemic.
Their shares are currently much more expensive than Slack’s. This means that shareholders would likely profit if the price of both stocks were to stay around the same price.
Salesforce stock has been more volatile than Slack’s, which could be cause for concern among some investors.
However, Salesforce is already a market leader, and adding Slack to their suite of products could help them grow even more.
Right now, Slack seems like an affordable growth stock to add to your portfolio for the next year. We’re curious to see how the merger will affect both companies involved.
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. 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 under 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 4.03 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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