Image of an oil filed at the Permian Basin.Īn energy infrastructure play, Franks International “provides a broad and comprehensive range of highly engineered tubular running services, tubular fabrication, drilling technologies, and specialty well construction and well intervention solutions.”Īs I warned earlier, FI is one of the cheap stocks that’s stuck in a downward trend channel. Also, Zynga has demonstrated tremendous growth, most recently in the first quarter of 2021 with top-line sales up 68% year-over-year. Rising cases of the SARS-CoV-2 virus’ delta variant may spark another round of restrictions. However, this makes shares one of the best cheap stocks.įor one thing, we just don’t know how this pandemic will play out. As society reopens from the pandemic, the organic impetus for gaming has lessened, causing some to leave ZNGA. Naturally, this was a positive for ZNGA stock.īut recently, Zynga again finds itself in a sideways consolidation pattern. With people stuck at home and with government authorities putting a lockdown on non-essential activities last year, millions turned to video games across all platforms to while away the hours.
However, the public health crisis turned out to be a catalyst. Then, the coronavirus made its rude entry, which initially boded poorly for ZNGA and equities in general. ZNGA stock, which had previously surged higher from late 2018, was stuck in a rut. Here are some names to consider adding to your portfolio for the second half of 2021.īetween early June 2019 to just before the pandemic, mobile and social media-based video game manufacturer Zynga was in a sideways funk. Since these prospects attract big crowds, that leaves other securities flying under the radar. Ironically, the enormous interest in certain high-profile opportunities opens the door for cheap stocks. As one equity unit or asset (such as cryptocurrencies) gains outsized popularity, the formerly popular memes end up becoming cheap stocks.ħ Value Stocks to Buy Ahead of Possible Interest Rate Hikes You actually see this dynamic play out with the popular meme trades. Simply, everyone can’t be at all places at the same time. It just comes down to the math of basic economics and the financial markets. InvestorPlace - Stock Market News, Stock Advice & Trading Tips More recently, we’re looking at approximately 6,000 companies in both the NYSE and Nasdaq. But in 2015, the number of tradable securities was still lofty at slightly over 3,800.
Yes, the market may have peaked in the late 1990s in terms of publicly available offerings at 7,562. But even with the incredible enthusiasm for investing, many opportunities still abound.įor one thing, there are thousands of equity units lying around for the picking - and some of them are surely cheap stocks.
Given this circumstance, just the idea of cheap stocks to buy might seem a ridiculous notion. Therefore, you may be deterred from considering cheap stocks to buy.Īfter all, with a robust combination of stimulus checks and stay-at-home orders allowing worker bees to both earn and save money, plenty of those funds went to the equities market. With the events of the novel coronavirus leading to unprecedented support for retail investors, the equities sector naturally benefited. Closing out the second complete week of July 2021, the benchmark S&P 500 found itself up nearly 17% year-to-date whereas the technology-centric Nasdaq index was close to being up 14% for the year.
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