3 Stocks to Buy With Less Than $20
One of the good things about equity markets is that investors can get started on a budget. With $20 or less, it's possible to invest in companies with decent prospects. Let's consider three such stocks: Rivian Automotive (NASDAQ: RIVN), SoFi Technologies (NASDAQ: SOFI), and Adyen (OTC: ADYEY). They have faced challenges recently, but at under $20 per share, these companies are worth a second look.
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Rivian has underperformed broader equities this year, partly due to slowing demand in the electric vehicle (EV) market. EV sales in the first quarter dropped by 27% year over year in the U.S. Even though Rivian's financial results for the period were pretty strong -- its revenue climbed 11% year over year to $1.4 billion -- the weakness in the EV sector could eventually significantly harm its sales. However, Rivian is entering an important period. The company is launching its mass-market model, the R2, with a much more approachable starting price than previous models.
Source Fool.com
