What Are the Top 10 Affordable Stocks Under $20?

Introduction:

Investing inaffordable stockscan be a great way to build your portfolio without breaking the bank. In this article, we will explore the top 10 affordable stocks under $20 that you should consider adding to your portfolio.

1. Company Background and Performance:

It is important to know the background and performance of the companies you are investing in. One such stock is Groupon Inc. (GRPN), an e-commerce platform that connects local merchants with consumers. Despite its rocky history, GRPN has shown improvement with a 52-week high of $9.80 and a market capitalization of $1.3 billion.

2. Emerging Markets:

Emerging markets can be a great opportunity for investors to diversify their portfolio. One such stock is OrganiGram Holdings Inc. (OGI), a Canadian cannabis company that has shown strong growth potential in the emerging market of marijuana. With a market capitalization of $1.2 billion and a 52-week high of $6.90, OGI is a stock to watch.

3. Tech Industry:

The technology industry is always evolving and presents great investment opportunities. One such stock is BlackBerry Limited (BB), a Canadian software company that specializes in cybersecurity and Internet of Things (IoT) solutions. With a market capitalization of $4.2 billion and a 52-week high of $28.77, BB is a strong contender in thetech industry.

4. Energy Sector:

The energy sector has seen some ups and downs in recent years, but there are still opportunities for investors. One such stock is Chesapeake Energy Corporation (CHK), an American oil and gas company that has shown improvement in its financials. With a market capitalization of $2.1 billion and a 52-week high of $5.60, CHK is worth considering.

5. Healthcare Industry:

The healthcare industry is always in demand and presents a great opportunity for investors. One such stock is Novavax Inc. (NVAX), an American biotech company that specializes in vaccine development. With a market capitalization of $3.3 billion and a 52-week high of $331.68, NVAX has shown strong growth potential.

6. Retail Industry:

The retail industry has been hit hard in recent years, but there are still opportunities for investors. One such stock is Macy's Inc. (M), an American department store chain that has shown improvement in its financials. With a market capitalization of $2.5 billion and a 52-week high of $20.15, M is a good option for investors.

7. Real Estate Industry:

The real estate industry is always a solid investment opportunity. One such stock is Urban Edge Properties (UE), a real estate investment trust (REIT) that specializes in retail properties. With a market capitalization of $2.2 billion and a 52-week high of $21.90, UE is worth considering.

8. Financial Industry:

The financial industry always presents great investment opportunities. One such stock is Banco Santander (SAN), a Spanish multinational bank that has a strong presence in Europe and Latin America. With a market capitalization of $52.2 billion and a 52-week high of $4.76, SAN is worth considering for investors.

9. Transportation Industry:

The transportation industry is a crucial part of the economy and presents great investment opportunities. One such stock is ArcBest Corporation (ARCB), an American freight and logistics company that has shown improvement in its financials. With a market capitalization of $1.3 billion and a 52-week high of $55.55, ARCB is worth considering.

10. Consumer Goods Industry:

The consumer goods industry is always in demand and presents great investment opportunities. One such stock is Herbalife Nutrition Ltd. (HLF), a global nutrition company that specializes in weight management and personal care products. With a market capitalization of $6.2 billion and a 52-week high of $58.96, HLF is worth considering for investors.

Conclusion:

Investing in affordable stocks can be a great way to build your portfolio without breaking the bank. By considering these top 10 affordable stocks under $20, you can diversify your portfolio and potentially see strong returns on your investment. However, it is important to do your own research and consult with a financial advisor before making any investment decisions.