The US stock market hasn’t stopped hitting new highs since the start of 2021, so are there any cheap stocks left to buy this month?
What cheap stocks to buy in 2021?
- Facebook (NASDAQ: FB)
US social media tech company Facebook has gained 19% in the past six months, mostly on stellar first-quarter earnings. The company’s revenue for the quarter soared 48%, to $ 26.17 billion, compared to the same quarter of the previous year. Net income also grew to $ 9.5 billion, 94% more than the $ 4.9 billion in the same quarter last year. If your budget is below 1$, you can invest in AGYP stock.
- General Motors (NYSE: GM)
In the past five months, the share price of US automaker General Motors has risen 56%, far outpacing the performance of the S&P 500 Index, which only rose 14% in that period. The company beat Wall Street expectations with stellar first-quarter results, posted revenue of $ 32.5 billion and net profit of $ 3 billion for the period.
- Advanced Micro Devices Inc. (NASDAQ: AMD)
US chipmaker Advanced Micro Devices gained nearly 100% in 2020, rising from $ 45.86 to $ 91.71 a share over the year. However, in the past five months, the stock has shed about 12% and is currently trading at around $ 81 a share. The company posted revenue of $ 3.35 billion, a staggering 93% year-on-year increase. Earnings per share (EPS) also increased from $ 0.14 to $ 0.45 during the period. Amid the global GPU shortage, the company expects demand to be strong for the rest of the year, which will likely benefit the chipmaker.
- DraftKings (NASDAQ: DKNG)
Sports betting company DraftKings is up 19% so far this year and is currently trading at $ 53 a share. Despite this gain, the stock is still below the highs it reached in March. However, analysts expect the stock to recover its highs later this year when sporting activity resumes. DraftKings achieved $ 231.5 million in revenue, which translates into 175% growth year-over-year. Analysts have set a price target of $ 105 for the stock. The fact that the stock is available at a discount and has a positive outlook means that you should consider including it in your portfolio.
- Visa Inc. (NYSE: V)
Visa is an American financial services corporation that provides electronic funds transfer facilities to financial institutions through credit and debit cards. The company’s shares are up 6% so far this year, trading at $ 231 a share.
Although the company’s revenue declined 5% in 2020 and 4% in the first quarter, Wall Street analysts expect the company to rebound once stores and brick-and-mortar stores reopen. Recent Visa acquisitions have begun to contribute to its top line and, analysts say, will boost revenue for the next few quarters. The company’s P / E ratio in the last twelve months (TTM) is 48, lower than Mastercard, which is 56, and PayPal, which is 59.
- Simon Property Group, Inc. (NYSE: SPG)
Simon Property Group is a real estate investment trust (REIT) that owns and invests in commercial real estate such as shopping malls and retail stores in the United States.
Shares in this company have gained a considerable 62% in the last five months and analysts expect it to return to the price level of $ 150 that it reached in 2019. The company’s TTM P / E ratio stands at 38 vs. at the industry average of 59, showing that the stock is still cheap or reasonably priced relative to its peers.