Investing
5 ‘Strong Buy’ Stocks Trading Under $20 With Huge Home Run Potential
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While Most of Wall Street focuses on large and mega-cap stocks, as they provide a degree of safety and liquidity, many investors are limited in the amount of shares they can buy. Many of the biggest public companies, especially the technology giants, trade in the low to mid hundreds up to over $1000 per share. At those steep prices, it’s hard to get any decent share count leverage.
Many investors, especially more aggressive traders, look at lower-priced stocks as a way to not only make some good money but to get a higher share count. That can often help the decision-making process, especially when you are on to a winner, as you can always sell half, and keep half.
We screened our 24/7 Wall St. research database looking for companies that could very well offer patient investors some huge returns for the rest of 2023 and beyond. For lower-price stock skeptics, many of the biggest companies in the world including Apple, Amazon, and Netflix all traded in the single digits at one time. In addition, Nvidia, which has exploded higher on AI semiconductor chips traded under the $10 for years.
Here are five well-known stocks trading under $20 that have huge upside potential.
This popular retailer pays a decent 2.27% dividend and could be poised for a huge holiday shopping season. American Eagle Outfitters, Inc. (NYSE: AEO) operates as a specialty retailer that provides clothing, accessories, and personal care products under the American Eagle and Aerie brands in the United States and internationally.
The company provides jeans, apparel and accessories, personal care products for women and men; and intimates, apparel, activewear, and swim collections. It also offers menswear products under the Todd Snyder New York brand, and fashion clothing and accessories under the Unsubscribed brand.
American Eagle Outfitters sells its products through retail stores; digital channels, such as www.ae.com, www.aerie.com, www.toddsnyder.com, and www.unsubscribed.com; and applications.
The legacy telecommunications company has been going through a long restructuring, lowered the dividend, (which is still an outstanding 7.12%), and has sold off or merged underperforming assets. AT&T, Inc. (NYSE: T) provides telecommunications, media, and technology services worldwide.
The top master limited partnership is a very safe way for investors looking for energy exposure and income and pays a massive 9.51% distribution. Energy Transfer LP (NYSE: ET) owns and operates one of the largest and most diversified portfolios of energy assets in the United States, with a strategic footprint in all of the major domestic production basins.
The company is a publicly traded limited partnership with core operations that include complementary natural gas midstream, intrastate, and interstate transportation and storage assets; crude oil, natural gas liquids (NGL) and refined product transportation and terminalling assets; NGL fractionation; and various acquisition and marketing assets.
After the purchase of Enable Partners in December of 2021, Energy Transfer owns and operates more than 114,000 miles of pipelines and related assets in all of the major U.S. producing regions and markets across 41 states.
Through its ownership of Energy Transfer Operating, L.P., the company also owns:
This is one of the largest entertainment companies in the world and Warren Buffett owns almost 94 million shares. Paramount Global (NASDAQ: PARA) operates as a media and entertainment company worldwide.
The company operates through:
This stock was a red-hot IPO back in 2021 that got blasted in 2022 and has traded sideways for almost two years. Toast, Inc. (NASDAQ: TOST) operates a cloud-based digital technology platform for the restaurant industry in the United States and Ireland.
The company offers:
The long sideways move in the stock may be offering investors an incredible entry point and with 7.6% of the float or 30,468,810 shares sold short, any positive earnings or other corporate news that is positive could create a huge short-squeeze which could rocket the shares higher.
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