Investing isn’t just for the wealthy. Sure, it takes money to make money. However, it doesn’t take much money to start making money investing in stocks.
Of course, you still must find great companies to buy. That’s not a difficult task, though. Here are three stocks under $50 you can buy hand over fist right now.
1. Enterprise Products Partners
How do the fuels that heat your home in the winter and power your vehicles year-round get to where they need to be? Largely through pipelines.
Enterprise Products Partners (NYSE: EPD) ranks as one of the leading pipeline operators in the U.S. You can buy one share for less than $30 (technically, it’s one unit since the company is a limited partnership).
Enterprise Products Partners pays a quarterly distribution with a yield of 7.25%. With this juicy yield, the stock won’t have to increase much to deliver exceptional total returns. Even better, Enterprise has increased its distribution for 25 consecutive years with a compound annual growth rate of roughly 7%.
I think this midstream energy stock should provide pretty good returns without the distributions, though. The demand for the fossil fuels Enterprise transports — especially natural gas and natural gas liquids — is likely to grow despite the increased adoption of renewable energy sources.
It also helps that Enterprise Products Partners’ stock is cheap with a forward price-to-earnings ratio of under 10.6. By comparison, the S&P 500 trades at 20.7 times forward earnings, while the S&P 500 energy sector’s forward earnings multiple is 13.
2. Intel
Intel (NASDAQ: INTC) has been a technology giant for decades. The company’s chips are used in PCs, data center servers, Internet of Things devices, and more. Its share price currently hovers around $36.
Admittedly, Intel has made some mistakes that hurt its growth. The company didn’t effectively capitalize on the mobile-device opportunity. It lost ground to cheaper PC chips. And it basically ceded the market for discrete graphics processing units (GPUs) to Nvidia and Advanced Micro Devices.
However, artificial intelligence (AI) presents…
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