Reuters reported that US stocks moved higher on Friday, October 2, closing higher on Friday after weaker-than-expected jobs data reduced expectations for a Federal Reserve rate hike later this month.
The Labor Department reported that nonfarm payrolls increased by 29,000 jobs last month, well below the 90,000 jobs economists polled by Reuters had expected.
This also lowered expectations for a rate hike of at least 25 basis points at the Fed’s meeting at the end of October. According to CME FedWatch, the probability fell to 22.7%, down from 24.4% in the previous session and 64.2% a week earlier.
Major stock indexes ended the day higher. The Dow Jones Industrial Average gained 0.49%, while the S&P 500 rose 0.73%. The Nasdaq Composite advanced 1.19%. Small-cap stocks outperformed, with the small-cap Russell 2000 index rising 0.9% for its biggest one-day gain in a month.
Robert Bernstone, head of trading at SummitTX Capital in New York, said that the “news was OK insofar as it means the economy isn’t roaring.” He added that “it’s fine insofar as it takes the short-term rate hike off, but there is a concern over the economy, there is a concern over inflation, so cautious optimism is kind of where people are.”
With this background in mind, let’s take a look at the 10 Best US Stocks to Buy Under $50.
Photo by Arturo Añez on Unsplash
Our Methodology
To compile our list of the 10 best US stocks to buy under $50, we looked for US-listed stocks with a share price of under $50 as of October 2, 2026. We sorted our results based on market capitalization and picked the top US-listed stocks. Next, we focused on the top 10 stocks most favored by institutional investors. Data for the hedge fund sentiment surrounding each stock was taken from Insider Monkey’s Q2 2026 database of 1006 elite hedge funds. Finally, the 10 best US stocks to buy under $50 were ranked in ascending order based on the number of hedge funds holding stakes at the end of the second quarter.
10 Best US Stocks to Buy Under $50
10. SLB N.V. (NYSE:SLB)
Share Price: $48.74
Number of Hedge Fund Holders: 79
Read Now: SLB Bets $4.1 Billion on the AI Data Center Boom.
9. Verizon Communications Inc. (NYSE:VZ)
Share Price: $45.92
Number of Hedge Fund Holders: 79
Read the full analysis: Verizon (VZ) Has Strong Cash Flow and Subscriber Momentum. Can it Sustain Both?
8. PG&E Corporation (NYSE:PCG)
Share Price: $12.32
Number of Hedge Fund Holders: 80
Recent Coverage: What Growth Assumptions Are Baked Into PG&E Corporation (PCG)’s Valuation?
7. Devon Energy Corporation (NYSE:DVN)
Share Price: $47.65
Number of Hedge Fund Holders: 82
Read the full analysis here: BP vs. Devon (DVN): A Shale Deal That Never Happened Shows Two Different Reset Stories.
6. Comcast Corporation (NASDAQ:CMCSA)
Share Price: $21.57
Number of Hedge Fund Holders: 82
Take a look at: Comcast (CMCSA) Turns To Home Security To Lock In Broadband Customers.
5. Pfizer Inc. (NYSE:PFE)
Share Price: $27.80
Number of Hedge Fund Holders: 83
Read Now: Pfizer (PFE) Balances Global Pricing Opportunity with New Revenue Sharing.
4. Coupang, Inc. (NYSE:CPNG)
Share Price: $13.78
Number of Hedge Fund Holders: 97
Recent Coverage: Coupang’s (CPNG) Sales Keep Climbing While Its Profits Take A Hit.
3. Boston Scientific Corporation (NYSE:BSX)
Share Price: $42.60
Number of Hedge Fund Holders: 99
Read Now: Boston Scientific (BSX) Didn’t Miss on Demand or Devices. A Cyberattack Just Broke Its Guidance.
2. Rocket Companies, Inc. (NYSE:RKT)
Share Price: $11.70
Number of Hedge Fund Holders: 99
Take a look at: Jim Cramer Explains Why He Is Avoiding Big Predictions on Rocket Companies (RKT).
1. Warner Bros. Discovery, Inc. (NASDAQ:WBD)
Share Price: $30.94
Number of Hedge Fund Holders: 101
Recent Coverage: Warner Bros. Discovery (WBD): Will A Courtroom Decide This Stock’s Next Move?
READ NEXT: 10 Stocks That Will Go to the Moon According to Reddit and 11 AI Stocks That Will Go to the Moon.
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