Stock prices move up and down on a daily basis for a number of reasons.
As we’ve seen, many of the premium named stocks come at a premium price.
It is possible, though, to find a good – or even great – company under $50 per share?
Yes. It is. I have here a list of 5 companies with tremendous futures.
1. Activision Blizzard (NASDAQ: ATVI), $47.84
Activision is one of the leading video game publishers in the world. Lately, it’s taken a hit with the departure of one of its partners, Bungee (the designer of the Destiny franchise). After reaching an all time high of close to $85, the stock is down 37% from that high. We believe that Activision has excellent management and that their future is incredibly bright, along with the future of gaming in general.
2. Cognex Corporation (NASDAQ: CGNX), $43.77
Cognex is the leader in machine vision for robots in factories. It is a wonderful company, and industrial robotics is going to be gigantic! Cognex is leading the charge in machine vision.
3. Tencent (OTCMKTS: TCEHY), $44.05
Tencent is the largest company in China, and one of the most innovative companies in the world. They are also the world’s number one gaming company. When you look at the demographics in China – which is basically the size of three United States of Americas – Tencent has room for tremendous growth!
4. Stratasys (NASDAQ: SSYS), $21.96
The estimates for the 3D printing market over the next 5 years are insane! It is expected to grow ten times from where it is today. If that materializes, Stratasys is a company you want to own.
5. Roku (NASDAQ: ROKU), $43.72
Roku is one of the leaders in the cord-cutting revolution, and they’re aiming to become its operating system. Microsoft’s (NASDAQ: MSFT) dominance was in its Windows operating system; every computer in the world used it. That’s what Roku is trying to become to streaming TV.
If you are new to investing and looking to buy a quality stock that fits your budget, these five are a good place to start.
Click the image of the book at left to be taken to its Amazon page. (Disclosure: As a participant in the Amazon Services LLC Associates Program, I earn a small commission on each sale generated through these links.)