The entire hedge fund industry is feeling the reverberations of the changing financial landscape. The stock has gained 47% in the past twelve months.Ĭhoosing valuable stocks is becoming difficult by the day, even for smart money. In the midst of the COVID-19 pandemic, Apple Inc.'s (NASDAQ: AAPL) contactless payment service Apple Pay became more popular. The $2 trillion dollar tech company sells trendy electronic products such as iPhone, iMac, iPad, and iWatch. The iPad-maker was trading for under 80 cents per share in the early 2000s, and it is now trading for over $133 per share as of this writing. (NASDAQ: AAPL) was not always among the world's largest technology companies. The stock has gained 27% in the last twelve months.Īpple Inc. (NASDAQ: AMZN) recently announced the acquisition of Wickr, a secure messaging app based in New York, with the aim of making its services available to Amazon Web Services users. (NASDAQ: AMZN) has expanded its business outside e-commerce to cloud computing services, video-on-demand subscription services, and food and grocery, and acquisitions among other things. The once-small virtual bookseller has grown into one of the world's largest e-commerce platforms. Today, the stock trades for $3,401.46 per share and has a market cap of $1.71 trillion. (NASDAQ: AMZN) started trading at $18 per share in 1997. With the success of its Ryzen processors, Advanced Micro Devices, Inc.'s (NASDAQ: AMD) innovative semiconductor technology has grown significantly over the last five years. Today, the chip giant is already trading for $85.62 per share and has a market cap of $104 billion. (NASDAQ: AMD) traded for only $8 per share. In 2016, chip-maker Advanced Micro Devices, Inc. Shares of NOK are also up 11% in the last month. The stock has offered investors returns exceeding 29% over the past twelve months. The company has a market cap of $31 billion. Subsequently, the 5G company also won an agreement with a major telecom company Etisalat, to provide ultra-fast 5G broadband services in UAE. In April 2021, Nokia Corporation (NYSE: NOK) locked in a deal with Chunghwa Telecom to provide 5G services in Taiwan. The company has scooped up a total of 165 commercial 5G deals globally. Nokia Corporation (NYSE: NOK) is one of the best very cheap stocks to buy right now if you are looking to diversify your tech portfolio. The stock's 52-week range is $0.1380 - $3.9600ġ5 Best Very Cheap Stocks to Buy Right Now SNDL's stock has also increased by 49% in the last month. The stock has returned almost 122% to investors so far this year. The company's market capitalization is $1.95 billion. (NASDAQ: SNDL) sells weed products for adult use in Canada. Since its foundation in 2006, the Canadian cannabis grower has created a name for itself in the modern cannabis industry. One such cheap stock is Sundial Growers Inc. Investors are crazy about cheap stocks in tech, biopharma, renewable energy, and crypto industries. To make money investing in cheap stocks, it is crucial to study a stock's valuation, the company's financial health, business model, and its long-term growth potential. What Best Very Cheap Stocks Should You Invest In? The market signals a healthy recovery that's why many investors, young and novice retail traders, are encouraged to diversify their portfolios with cheap stocks that offer long-term growth. On the other hand, The Russell 2000 Index and Russell 3000 are up 62% and 39% respectively, over the past twelve months. Investors remain confident about the market's recovery with S&P 500 Index gaining over 36% in the last twelve months. Officials are also seeing a decline in the unemployment rate for the year to 4.5% from 5.8% recorded in May. The Federal Reserve has upped its 2021 GDP forecast to 7% from 6.5%. The global market has slowly bounced back from its dark days. While the unemployment rate peaked in April 2020, according to an analysis by Congressional Research Service, investors are optimistic about the market's rebound, driven by anticipation of a period of high growth as the vaccination rate increases and the economy completely reopens. Many businesses from small to large-cap enterprises across all industries have struggled during the surge of COVID-19. The pandemic-led recession brought massive financial distress to the global market. You can skip our detailed analysis of these companies and go directly to the 5 Best Very Cheap Stocks to Buy Right Now. In this article, we will take a look at the 15 best very cheap stocks to buy right now.
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