2 Stocks Under $5 to Buy in August
Sometimes big things can come from little price tags. There aren't a lot of successful stocks trading for less than $5 a share. Less than 4% of U.S. exchange-traded equities are currently trading and wading in that pool. With lower prices come higher risks, but also potential upside if an out-of-favor company has some bullish catalysts in the works.
AMC Entertainment (NYSE: AMC) and Grab Holdings (NASDAQ: GRAB) are two names that I think can deliver market-beating returns in the next couple of years. Let's take a closer look at these two stocks with market caps above $1 billion and price points below $5 that I think are worth buying in August.
Like the crimson-colored walls, curtains, and carpeting at your local multiplex, AMC investors have been seeing red in recent years. The country's largest movie theater chain has plunged more than 99% from its frenzied peak four summers ago. It doesn't mean that the value of the company is less than 1% of what it was in 2021. AMC has diluted its shareholders with a deluge of new shares and a head-shaking preferred equity unit conversion.
Source Fool.com
