15 Stocks under $50 to Buy and Hold Forever

Published on November 30, 2023 at 9:37 am by Ruchi Gupta in Hedge Funds, News

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.

Photo by Ruben Sukatendel on Unsplash

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.

14. The Williams Companies, Inc. (NYSE:WMB)

Share Price as of November 27: $36.32

Market Capitalization: $44.18 Billion

Number of Hedge Fund Holders: 27

Headquartered in Tulsa, Oklahoma, The Williams Companies, Inc. (NYSE:WMB) is one of the top stocks under $50 for gaining exposure in the energy sector. The company operates as an energy infrastructure company whose core business revolves around natural gas processing and transportation. The Williams Companies, Inc. (NYSE:WMB) also boasts additional petroleum and electricity generation assets.

13. UBS Group AG (NYSE:UBS)

Share Price as of November 27: $26.33

Market Capitalization: $84.21 Billion

Number of Hedge Fund Holders: 33

UBS Group AG (NYSE:UBS) is one of the largest financial services providers trading under $50. The company offers worldwide financial advice and solutions to private, institutional, and corporate clients. UBS Group AG (NYSE:UBS)’s wealth management segment provides investment advice and lending solutions. It also includes estate and wealth planning, corporate, and banking services.

12. BP p.l.c. (NYSE:BP)

Share Price as of November 27: $35.82

Market Capitalization: $ 100.06 Billion

Number of Hedge Fund Holders: 35

BP p.l.c. (NYSE:BP) is an ideal under-$50 stock for gaining exposure in the energy sector as one of the world’s largest oil and gas companies. The company engages in the production of natural gas and crude oil. BP p.l.c. (NYSE:BP) also participates in the power and storage of digital transformation and low carbon-related products

11. Altria Group, Inc. (NYSE:MO)

Share Price as of November 27: $41.47

Market Capitalization: $72.85 Billion

Number of Hedge Fund Holders: 40

Altria Group, Inc. (NYSE:MO) is a consumer defensive trading under $50 specializing in manufacturing and selling smokeable and oral tobacco products. Altria Group, Inc. (NYSE:MO) provides cigarettes under the Marlboro brand, cigars, and pipe tobacco.

While Altria Group, Inc. (NYSE:MO) is down about 8% this year, analysts rate it as a Buy with a $44.90 price target, implying an 8.27% upside potential.

10. Keurig Dr Pepper Inc. (NASDAQ:KDP)

Share Price as of November 27: $32.62

Market Capitalization: $45.32 Billion

Number of Hedge Fund Holders: 40

Keurig Dr Pepper Inc. (NASDAQ:KDP) is another consumer defensive play trading under $50. It operates as a beverage company with its coffee systems segment manufacturing and distributing various finished products related to coffee systems, cup piers, and brewers.

Keurig Dr Pepper Inc. (NASDAQ:KDP) has been under pressure, as evidenced by its 8.57% slide year to date. Nevertheless, Wall Street rates Keurig Dr Pepper Inc. (NASDAQ:KDP) as a Buy with a share price target of $35.29, implying 8.19% upside potential.

9. AT&T Inc. (NYSE:T)

Share Price as of November 27: $16.21

Market Capitalization: $115.62 Billion

Number of Hedge Fund Holders: 52

AT&T Inc. (NYSE:T) offers wireless voice and data communication services. It also sells handsets, wireless data cards, wireless computing, and hands-free devices. AT&T Inc. (NYSE:T) also provides Virtual Private Networks, AT&T Dedicated Internet, Ethernet, data services, security, and cloud solutions.

8. Verizon Communications Inc. (NYSE:VZ)

Share Price as of November 27: $37.41

Market Capitalization: $ 157.02 Billion

Number of Hedge Fund Holders: 61

Verizon Communications Inc. (NYSE:VZ) is another communication service stock trading for less than $50 that specializes in providing communications technology information and entertainment products. Verizon Communications Inc. (NYSE:VZ)’s consumer segment offers wireless services across wireless networks, data video conferencing and a corporate network.

As one of the largest careers in the US, Verizon Communications Inc. (NYSE:VZ) remains a top stock pick of hedge funds and offers a 7.12% dividend yield.

7. CSX Corporation (NASDAQ:CSX)

Share Price as of November 27: $32.64

Market Capitalization: $65.31 Billion

Number of Hedge Fund Holders: 62

CSX Corporation (NASDAQ:CSX) is a stock under $50 that offers exposure in the industrial sector. The company transports freight by rail, using containers and trailers. CSX Corporation (NASDAQ:CSX) transports chemicals, agricultural and food products, minerals, automobiles, forests, fertilizers, and metals.

With the opening of the global economy following the COVID-19 lockdown, CSX Corporation (NASDAQ:CSX) has recorded booming business. The stock is currently up by 6% for the year and comes with a 1.35% dividend yield.

6. Comcast Corporation (NASDAQ:CMCSA)

Share Price as of November 27: $42.58

Market Capitalization: $170.9 Billion

Number of Hedge Fund Holders: 68

Comcast Corporation (NASDAQ:CMCSA) is one of the most affordable stocks in the communication service sector. Comcast, a media and technology company, offers residential broadband and wireless connectivity services, business video services, and advertising sales. Comcast Corporation (NASDAQ:CMCSA) also provides broadband voice and wireless services.

Click to continue reading and see 5 Stocks under $50 to Buy and Hold Forever.

AI Fire Sale: Insider Monkey’s #1 AI Stock Pick Is On A Steep Discount

Published on May 1, 2024 at by Inan Dogan, PhD

Artificial intelligence is the greatest investment opportunity of our lifetime. The time to invest in groundbreaking AI is now, and this stock is a steal!

The whispers are turning into roars.

Artificial intelligence isn’t science fiction anymore.

It’s the revolution reshaping every industry on the planet.

From driverless cars to medical breakthroughs, AI is on the cusp of a global explosion, and savvy investors stand to reap the rewards.

Here’s why this is the prime moment to jump on the AI bandwagon:

Exponential Growth on the Horizon: Forget linear growth – AI is poised for a hockey stick trajectory.

Imagine every sector, from healthcare to finance, infused with superhuman intelligence.

We’re talking disease prediction, hyper-personalized marketing, and automated logistics that streamline everything.

This isn’t a maybe – it’s an inevitability.

Early investors will be the ones positioned to ride the wave of this technological tsunami.

Ground Floor Opportunity: Remember the early days of the internet?

Those who saw the potential of tech giants back then are sitting pretty today.

AI is at a similar inflection point.

We’re not talking about established players – we’re talking about nimble startups with groundbreaking ideas and the potential to become the next Google or Amazon.

This is your chance to get in before the rockets take off!

Disruption is the New Name of the Game: Let’s face it, complacency breeds stagnation.

AI is the ultimate disruptor, and it’s shaking the foundations of traditional industries.

The companies that embrace AI will thrive, while the dinosaurs clinging to outdated methods will be left in the dust.

As an investor, you want to be on the side of the winners, and AI is the winning ticket.

The Talent Pool is Overflowing: The world’s brightest minds are flocking to AI.

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A New Dawn is Coming to U.S. Stocks

Published on May 2, 2024 at by Insider Monkey Staff

I work for one of the largest independent financial publishers in the world – representing over 1 million people in 148 countries.

We’re independently funding today’s broadcast to address something on the mind of every investor in America right now…

Should I put my money in Artificial Intelligence?

Here to answer that for us… and give away his No. 1 free AI recommendation… is 50-year Wall Street titan, Marc Chaikin.

Marc’s been a trader, stockbroker, and analyst. He was the head of the options department at a major brokerage firm and is a sought-after expert for CNBC, Fox Business, Barron’s, and Yahoo! Finance…

But what Marc’s most known for is his award-winning stock-rating system. Which determines whether a stock could shoot sky-high in the next three to six months… or come crashing down.

That’s why Marc’s work appears in every Bloomberg and Reuters terminal on the planet…

And is still used by hundreds of banks, hedge funds, and brokerages to track the billions of dollars flowing in and out of stocks each day.

He’s used this system to survive nine bear markets… create three new indices for the Nasdaq… and even predict the brutal bear market of 2022, 90 days in advance.

Click to continue reading…

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