5 Best NASDAQ Stocks Under $50

In this piece, we will take a look at the five best NASDAQ stocks under $50. If you want a deep dive into the NASDAQ exchange and learn about recent important trends, then take a look at 12 Best NASDAQ Stocks Under $50.

5. CSX Corporation (NASDAQ:CSX)

Number of Hedge Fund Investors In Q1 2023: 61

CSX Corporation (NASDAQ:CSX) is a rail freight company. Its industry leaves it susceptible to the mercy of economic growth, as higher growth leads to more firms transporting goods through it and vice versa. Wall Street analysts think there’s a bright future ahead, as the consensus rating is a Buy and the firm has a small $3 share price upside.

Insider Monkey took a look at 943 hedge funds for the first quarter of 2023 shareholdings and found out that 61 had invested in CSX Corporation (NASDAQ:CSX). Out of these, the firm’s largest investor is Eric W. Mandelblatt’s Soroban Capital Partners with a $1.5 billion stake.