When the stock market is booming, the whole economy suffers as a result of firms’ growing market power and earnings. Apple Inc. (NASDAQ: AAPL) can sell a new iPhone for more than twice as much as it costs to manufacture it. Amazon.com, Alphabet, and Facebook all came out on top. Last year, the coronavirus pandemic cost the United States around 53 million jobs. According to a new Forbes study, small-cap stocks are becoming an investing need since spending power is dwindling due to the pandemic’s spread.
Insider Monkey looks at the 12 best stocks under $50. Jumia Technologies AG is an e-commerce platform operating in Africa, Portugal, Germany, and the UAE. On the list of the best stocks under $50, Jumia Technologies AG is ranked 12th. The company’s stock has increased by 394.12% in the last year, with a gross profit margin of 68.86%. Its revenue was $33.26 million. ChargePoint Holdings, Inc. is ranked 11th. Hardware, software, and services for commercial, fleet, and residential customers are all part of the company’s portfolio. ChargePoint Holdings has a gross profit margin of 22.31 percent and has had a year-over-year increase of 220.52 percent. BP Plc. is ranked 10th. With a 4.6 percent dividend yield, the stock pays out dividends on a regular basis, making it a solid choice for income investors. The Financial Select Sector SPDR Fund is ranked 9th. The fund manages $41.02 billion in assets, and its price returns over the last year have been 60.82 percent, compared to 39.05 percent for the S&P 500. American Airlines Group Inc. is ranked eighth. For more details, click 12 Best Stocks Under $50.
