1 No-Brainer Stock to Buy With $40
There is a loose relationship between price and quality on the stock market. Penny stocks are overwhelmingly regarded as high risk, while many larger-cap shares trade at high prices.
Still, it's possible to find solid businesses whose share prices aren't too high -- perhaps following a recent stock split or because the market is ignoring their potential, or for some other reason. In other words, there is no need to break the bank to invest in quality companies.
In that spirit, let's consider one exciting company whose share price is under $40: Exelixis (NASDAQ: EXEL).
Source Fool.com
Exelixis Inc. Stock
€46.32
1.130%
With 17 Buy predictions and only 1 Sell predictions the community sentiment for the stock is positive.
On the other hand, the target price of 43 € is below the current price of 46.32 € for Exelixis Inc., so the potential is actually -7.17%.
