Cheap stocks are great for those who don’t have a lot of money to invest. They’re also great for beginners. The term “cheap” is relative and not every cheap stock is cheap for every investor. That’s why we’re going to focus on stocks that are below $30.
Cheap Stocks To Buy Now In 2019
Advanced Micro Devices (AMD)
Did you hear about the upcoming Ryzen 3 CPUs? Well, AMD promises to deliver astonishing performance, threatening not only the market but also a tech-giant Intel. While Intel’s stock is way more expensive, AMD costs around $26.44, making it a perfect stock to buy. In July, when the new CPUs come, AMD’s stock price will probably increase and will be great for trading. Just be careful to buy it now, until it soars.
Pier 1 (PIR)
Pier 1 is a well-known and established furniture retailer. For the past several years, this company had a relatively hard time getting its business together. This made this stock much cheaper, losing about 90% of its value. Its price is just 64 cents in 2019. With the company’s three-year plan to turn the business around, there’s some potential for future growth. At this price, PIR is simply an amazing deal, especially for long-term investors.
We all know that mobile gaming isn’t exactly the most profitable sector. But, with the rising popularity of gaming smartphones, Zynga made slowly found the key to success. This stock costs around $6.12, even though it was way more. Despite this, the company decided to expand its business in order to improve profitability. In Q4 of 2018, their revenue rose 7% YoY and the cash flow soared 241%.
Groupon had the same fate as Pier 1. In the past couple of years, Groupon struggled to keep the business flowing. It’s not much of a household name for coupons like it was. Yet, their numbers are pretty damn good. For example, a YTD gain of 10% is not that bad. Furthermore, their aggressive advertising campaign last year got over 100 million views. With the stock price of $3.52, this is definitely a good deal.