10 Stocks to Buy Under $50

Does it seem like stocks are getting more expensive? I'm not talking about valuation metrics or anything like that. These days, three- and four-figure share prices seem to be more prevalent than ever. As I write this, to buy one share each of Amazon (NASDAQ: AMZN), Tesla (NASDAQ: TSLA), and Shopify (NYSE: SHOP), you would need to spend well in excess of $6,000.

To be fair, share prices aren't terribly important in investing. A stock that trades for $1,000 per share can be significantly "cheaper" than one trading for $10. That said, a lower share price can make a stock more accessible, especially to newer investors and those who prefer to contribute a relatively small amount of money to their brokerage account at a time.

With that in mind, here are 10 excellent stocks to consider, all of which have share prices below $50 as of August 2020.

5 Winning Stocks Under $49
We hear it over and over from investors, “I wish I had bought Amazon or Netflix when they were first recommended by the Motley Fool. I’d be sitting on a gold mine!” And it’s true. And while Amazon and Netflix have had a good run, we think these 5 other stocks are screaming buys. And you can buy them now for less than $49 a share! Simply click here to learn how to get your copy of “5 Growth Stocks Under $49” for FREE for a limited time only.

STORE Capital (NYSE: STOR), which stands for Single Tenant Operational Real Estate, is a real estate investment trust, or REIT, that invests primarily in retail and service industry properties. While some of STORE's portfolio is occupied by industries hard-hit by the pandemic like restaurants and movie theaters, the vast majority of its tenants are open for business and paying rent.

STORE's business model is designed to produce predictable, growing income over time. With a share price that is still about 35% lower than its pre-pandemic high and a 5.4% dividend yield, STORE Capital could be an excellent choice for long-term investors.

ALSO READ: 3 High-Yield Dividend Stocks I'd Buy Right Now

Bank of America (NYSE: BAC) is arguably the best turnaround story in the financial sector in the decade or so since the financial crisis ended. CEO Brian Moynihan and his team have done a fantastic job of improving asset quality, efficiency, and profitability, all while being an excellent corporate citizen. For example, Bank of America recently increased its minimum wage to $20 per hour for all employees well ahead of schedule.

Over the past few years, Bank of America has become a favorite stock of billionaire investor Warren Buffett, who recently invested an additional $2 billion of Berkshire Hathaway's (NYSE: BRK.A)(NYSE: BRK.B) capital to increase the company's Bank of America stake to nearly 12%.

The cheapest stock on this list in terms of share price, Teva Pharmaceutical Industries (NYSE: TEVA) could be a steal at the current price level for patient long-term investors. On the negative side, there are some big unanswered questions regarding Teva's potential liability for drug pricing issues and its alleged role in the opioid crisis.

In other developments, the company's turnaround progress has been very encouraging. The company has done a fantastic job of reducing debt and cutting its operating expenses. And as a leading generic drug maker, the aging U.S. population should provide lots of long-tailed earnings growth potential over the coming decades.

AT&T (NYSE: T) has fallen out of favor with many investors. It clearly overpaid for its DirecTV acquisition a few years ago, continues to shed TV subscribers at an alarming rate, and has a massive debt load that admittedly is a cause for concern.

However, this 7% yielder could still be an excellent choice for long-term investors. The wide-scale 5G rollout should help boost the company's mobile revenue, and its recently-launched HBO Max streaming service has tons of potential. And with the massive portfolio of entertainment assets it now controls, there are lots of opportunities to cross-sell services to make its mobile services more attractive.

5 Winning Stocks Under $49
We hear it over and over from investors, “I wish I had bought Amazon or Netflix when they were first recommended by the Motley Fool. I’d be sitting on a gold mine!” And it’s true. And while Amazon and Netflix have had a good run, we think these 5 other stocks are screaming buys. And you can buy them now for less than $49 a share! Simply click here to learn how to get your copy of “5 Growth Stocks Under $49” for FREE for a limited time only.

Pinterest (NYSE: PINS) isn't quite the social media powerhouse that Facebook (Nasdaq: FB) is, but it is doing a fantastic job of growing its business and opening up new high-potential revenue streams. The company's monthly active user (MAU) base has expanded by 39% in the past year alone with extremely strong growth in largely-untapped international markets.

Recently, Pinterest seems to be realizing its potential value not just as a social media platform, but as an e-commerce player. The company recently partnered with Shopify to allow merchants to promote their products to Pinterest users, and this could be just the tip of the iceberg.

ALSO READ: 3 Great Reasons to Buy Pinterest Stock

Oil stocks have been beaten down during the COVID-19 pandemic, but this could be an excellent opportunity to pick up shares of Exxon Mobil (NYSE: XOM), the most rock-solid oil company in the market, at a discount. The company has diverse operations in exploration, refining, and production which allow it to weather periods of low oil prices better than most peers.

At the current share price, Exxon Mobil offers a massive 8.4% dividend yield, which management has increased for 37 consecutive years and has indicated the company plans to maintain. The company certainly has the financial strength to make it through the tough times, and could be a smart addition for patient long-term investors at the current price.

Zuora (NYSE: ZUO) is a tech company that provides software that allows companies to create, maintain, and analyze subscription payment systems. There's a clear trend in the economy towards subscription-based products as opposed to one-time sales. After all, by selling a subscription, companies can create predictable recurring revenue. And while the company isn't yet profitable, it is growing fast and could become one of the biggest beneficiaries of this powerful trend.

Ryman Hospitality Properties (NYSE: RHP) was a $90 stock before the pandemic hit, but to say its business has been adversely affected would be a major understatement. Ryman's core business is its five massive group-event-focused hotels under its Gaylord brand, and as we all know, group events just aren't a thing right now. In addition, Ryman owns several iconic entertainment assets, including the Grand Ole Opry and Ryman Auditorium in Nashville, as well as the up-and-coming Ole Red dining and entertainment chain.

Despite the pandemic's effects, there is light at the end of the tunnel. While group business is non-existent right now, demand is looking strong for future years. Ryman has already successfully rebooked nearly a half million cancelled room nights and actually has more business on the books for 2021 and 2022 than it did at this time last year.

Boston Omaha Corporation (Nasdaq: BOMN) is often compared to an early-stage Berkshire Hathaway, and it's not difficult to see why. The company's general business model is the same -- put capital to work in attractive subsidiary businesses as well as common stocks, and use the operating income generated to invest in even more assets. And, one of the company's co-CEOs happens to be Warren Buffett's great-nephew (although Buffett himself has nothing to do with Boston Omaha).

So far, Boston Omaha has a fast-growing billboard advertising business, as well as operations in insurance and broadband communications. At less than 0.1% the size of Berkshire Hathaway, there is tremendous execution risk, but a ton of long-term growth potential.

ALSO READ: Could Boston Omaha Be a Millionaire-Maker Stock?

Healthcare real estate is one of the most recession-resistant types of commercial properties, and Healthpeak Properties (NYSE: PEAK) is one of the leading real estate investment trusts that specializes in it. The company's portfolio is divided into three main segments -- senior housing, medical offices, and life science facilities -- each of which make up approximately one-third of the total.

With a diversified approach to healthcare real estate and a ton of long-term growth potential, Healthpeak and its 5.4% dividend yield could be a great sub-$50 addition to your stock portfolio.

5 Winning Stocks Under $49
We hear it over and over from investors, “I wish I had bought Amazon or Netflix when they were first recommended by the Motley Fool. I’d be sitting on a gold mine!” And it’s true. And while Amazon and Netflix have had a good run, we think these 5 other stocks are screaming buys. And you can buy them now for less than $49 a share! Simply click here to learn how to get your copy of “5 Growth Stocks Under $49” for FREE for a limited time only.

As a final thought, it's worth mentioning that even if you don't have hundreds or thousands of dollars to invest, higher-priced stocks might not necessarily be off-limits. Certain brokers have started to roll out the ability to buy fractional shares, so if you have $50, you could buy 0.05 shares of a $1,000 stock. Only a few brokers offer this so far, but if you want to invest smaller sums of money in expensive stocks, it might be worth looking for a broker that provides the option.

John Mackey, CEO of Whole Foods Market, an Amazon subsidiary, is a member of The Motley Fool’s board of directors. Randi Zuckerberg, a former director of market development and spokeswoman for Facebook and sister to its CEO, Mark Zuckerberg, is a member of The Motley Fool's board of directors. Matthew Frankel, CFP owns shares of AT&T, Bank of America, Berkshire Hathaway (B shares), Boston Omaha, Healthpeak Properties, Inc., Pinterest, Ryman Hospitality Properties, STORE Capital, Teva Pharmaceutical Industries, and Zuora and has the following options: short December 2020 $9 puts on Zuora. The Motley Fool owns shares of and recommends Amazon, Berkshire Hathaway (B shares), Boston Omaha, Facebook, Pinterest, Ryman Hospitality Properties, Shopify, STORE Capital, Tesla, and Zuora and recommends the following options: long January 2021 $200 calls on Berkshire Hathaway (B shares), short January 2021 $200 puts on Berkshire Hathaway (B shares), short January 2022 $1940 calls on Amazon, long January 2022 $1920 calls on Amazon, and short September 2020 $200 calls on Berkshire Hathaway (B shares). The Motley Fool has a disclosure policy.