15 Stocks under $50 to Buy and Hold Forever
In This Article:
In this article, we will take a look at 15 stocks under $50 to buy and hold forever. To skip our analysis of the recent market activity, you can go directly to see the 5 Stocks under $50 to Buy and Hold Forever.
Analysts and experts often advise against choosing stocks solely based on their price tags. They recommend investors to evaluate stock prices based on their underlying business fundamentals and valuation metrics. But it's also a fact that budget limitations force beginner investors to filter out stocks based on their price tags. The good thing is that one can find strong companies trading for lower price tags with long-term growth potential. But how to find such companies? Insider Monkey's database of 910 hedge funds shows there are many companies trading under $50 in which hedge funds are piling into. In this article we will look at some under-$50 stocks popular among hedge funds.
While the likes of Amazon.com, Inc. (NASDAQ:AMZN), Alphabet Inc. (NASDAQ:GOOG), NVIDIA Corporation (NASDAQ:NVDA), and Microsoft Corporation (NASDAQ:MSFT) offer an exciting way of gaining exposure to burgeoning technology stocks, their premium valuation is always a big distraction. With the stocks trading for hundreds of dollars, they are sometimes beyond the reach of most beginner investors.
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Our Methodology
Given the recent events of the past year, exploring stocks under $50 seems timely. With equity market valuations possibly stretched, these stocks present an appealing risk-reward opportunity to access diverse sectors of the economy. Using stock screeners, we identified stocks under $50, focusing on those with high market capitalization, favorable recommendations, and potential upside based on average price targets. This refined list was then cross-referenced with our hedge fund ownership database. The final step involved ranking these stocks by their popularity among 910 hedge funds tracked by Insider Monkey, resulting in a curated list of 15 stocks under $50, ranked by the number of hedge funds owning each stock.
Stocks under $50 to Buy and Hold Forever
15. Enterprise Products Partners L.P. (NYSE:EPD)
Share Price as of November 27: $26.74
Market Capitalization: $57.99 Billion
Number of Hedge Fund Holders: 25
Enterprise Products Partners L.P. (NYSE:EPD) is an energy stock trading under $50 that offers exposure to midstream energy services. The company provides natural gas processing and related NGL marketing services and operates natural gas processing facilities and crude oil pipelines in the United States.