These Cheap Stocks Could Jump At the Right Time
Many people think that the stock market is only for wealthy people. It is a common misconception when in reality all they need is a little amount of money. So, stocks trading at $50 or less can also help potential investors earn if chosen at the right time and from the right sector and held for the long haul. It is always wise to diversify your portfolio with growth stocks from various sectors.
The smartest stocks to buy with a limited budget right now are airline companies American Airlines as well as Southwest Airlines.
Stocks and potential investors
The Covid-19 pandemic decapacitated many companies. Unsurprisingly, the airline industry might look like a risky bet now considering its performance ever since the pandemic hit, along with geopolitical tensions. However, the Covid-19 pandemic will end someday and travel (both leisure and business) will rebound.
For example, Delta Air lines gave a hint of that in its recent earnings result, which showed Delta Air Lines returned to profitability in March.
A good airline to spend money ($20) is American Airlines. Doug Parker, the company’s chairman and CEO made an interesting comment regarding the company. The company’s CEO stated that “While we still have work to do as the recovery from the pandemic continues, I have no doubt the best is yet to come for American”. American Airlines has also succeeded in lowering its capital expenditure, which came in at $208 million, compared to $1.9 billion in 2020.
We can’t forget about Southwest Airlines when it comes to interesting stocks. People need less than $50 to invest in Southwest Airlines as of April 21.
The company is set to announce its first-quarter results on April 28. Its previous quarter and year-end were profitable. After a dreadful last two years, Southwest Airlines saw its first quarterly profit of $68 million in Q4.