Top five stocks to explore under US$50

Highlights

  • Pfizer, Inc. (NYSE: PFE) has a P/E ratio of 20.07. The stock closed at US$46.84 on Sep 1, 2021. It gained 27.31% YTD.
  • Juniper Networks, Inc’s (NYSE: JNPR) P/E ratio is 47.73. The stock gave a 29.16% return YTD.
  • CF Industries Holdings, Inc. (NYSE: CF) has a P/E ratio of 21.5. The stock increased by 17.57% YTD.

Stocks under US$50 could be an attractive value proposition for many investors. After all, affordability matters. Although high-priced stocks are enticing, not everyone can afford them. But some investors also pick stocks based on sectors with which they feel more familiar.

Here we look at five such stocks that registered strong growth

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Pfizer, Inc. (NYSE: PFE)

Pfizer is a pharmaceuticals company headquartered in New York. It has been in the news due to its COVID-19 products. The company has a market capitalization of US$262.2 billion.

It has a P/E ratio of 20.07 and the forward P/E ratio for one year is 11.37. Pfizer’s current dividend yield is 3.39% and its annualized dividend is US$1.56.

For the quarter ended July 4, 2021, its revenue was US$18.98 billion compared to US$9.86 billion for the same quarter of 2020. The net income attributable to common shareholders was US$5.56 billion or US$0.98 per share diluted, compared to US$3.49 billion or US$0.62 per share diluted in the previous year’s corresponding period.

The stock closed at US$46.84 on Sep 1, 2021. It gained 27.31% YTD.

 

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Juniper Networks, Inc. (NYSE: JNPR)

Juniper Networks develops and sells software-related products like routers, switches, etc. The company is based in Sunnyvale, California. Its market capitalization is US$9.47 billion.

On Sep 1, Juniper announced its collaboration with Intel for Open RAN (ORAN) system.

The P/E ratio of the technology company is 47.73 and the forward P/E one year is 24.27. Its annualized dividend is US$0.80, and the dividend yield is 2.75%. The revenue and net income for the June quarter of 2021 were US$1.17 billion and US$62 million, respectively. Its revenue was US$1.09 billion and net income was US$61.2 million in the same quarter the previous year.

The stock closed at US$29.37 on Sep 2. Its YTD return is 29.16%.

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Cabot Oil & Gas Corporation (NYSE: COG)

Cabot is headquartered in Houston, Texas. It is an independent explorer and producer of oil and gas and has a facility in Appalachia. It has a market capitalization of US$7.1 billion.

The energy company has a P/E ratio of 23.06 and a forward P/E one year of 10.09. Its dividend yield and annualized dividend are 2.71% and US$0.44, respectively.

The company earned revenue of US$324.67 million for the June quarter of 2021, compared to US$332.35 million for the same period a year ago. The net income was US$30.46 million or US$0.08 per diluted share, compared to US$30.37 million or US$0.08 per diluted share in the June quarter of the previous year.

The stock gave a return of 9.86% YTD. COG stock closed at US$17.35 on Sep 2.

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CF Industries Holdings, Inc. (NYSE: CF)

The Deerfield, Illinois-based company produces and distributes Nitrogen fertilizers. It aims to provide clean energy and decarbonize its ammonia production. The chemical company’s market capitalization is US$9.76 billion. Its P/E ratio is 21.5, the forward P/E ratio for one year is 10.01, the dividend yield is 2.67%, and the annualized dividend is US$1.20.

The net sales were US$1.59 billion for the quarter ended on June 30, 2021, compared to US$1.2 billion for the June quarter of 2020. The net income was US$317 million or US$1.14 per diluted share compared to US$218 million or US$0.89 per diluted share for the same quarter of 2020.

CF industries stock increased by 17.57% YTD. It closed at US$45.96 on Sep 2.

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Corning Incorporated (NYSE: GLW)

Corning Incorporated is engaged in producing ceramics, glass, and optical fiber. Its products range from panel display in television to optical fiber in broadband. The company’s headquarters is in Corning, New York. Its market capitalization is US$33.8 billion.

GLW has a P/E ratio of 39.2 and a forward P/E for one year is 18.59. Its dividend yield is 2.45% and its annualized dividend is US$0.96.

Its net sales for the June quarter of 2021 were US$3.5 billion compared to US$2.6 billion for the same period a year ago. The net income was US$449 million or US$0.42 per diluted share compared to the net loss of US$71 million or US$0.13 per diluted share.

The stock generated a 9.92% return YTD. It closed at US$39.6 on Sep 2, 2021.

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Bottomline

Low-priced stocks may look attractive; however, investors must evaluate them carefully before making any investment decisions. Analysts forecast rapid growth of the economic sectors with the improvement in the covid situation.

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