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You don’t have to be rich to invest. Some fantastic stocks are available for less than $20 per share. Since most stockbrokers don’t charge a fee for each trade, this means you can pick up some great stocks – one share at a time, when you can.
If you’re not sure where to start, I’ll show you two rock-solid tech stocks under $20 a share that should serve you well for the long haul. In fact, that Andrew Jackson Bill will get you more than one share of these stocks, or one of each if you prefer. They even pay solid profits!
The latest price for LM Ericsson: $7.24
Swedish telecommunications specialist Telefonaktiebolaget LM Ericsson (Eric 2.76%) It has been for some time. In fact, the stock is so seasoned that its extremely low stock price is a side effect of the dot-com crash of 2000. Business was booming around the turn of the millennium, prompting the company to split its stock three times. In five years. When that bubble popped, Ericsson’s friendly share price became a problem that even a 1-for-10 reverse dividend in 2002 couldn’t cover.
The company shifted gears along the way, turning away from the consumer market and focusing instead on the infrastructure sector of the telecom sector. 4G networks are still important, but the focus has shifted to the 5G version of wireless networks. Ericsson’s global market share for 5G radio access networks (RAN) excluding the Chinese market is 50%. Middle Kingdom regulators have banned Ericsson’s equipment in retaliation for the Swedish government canceling purchases of Huawei and ZTE gear.
5G networks are becoming popular in many advanced economies, but even the best implementations still have a long way to go before they are fully operational. Then developing countries will follow suit. And of course, Ericsson and friends are busy developing the next generation of wireless technology, which is b next to Ten years or more.
And don’t forget that Ericsson is positioning itself as a leader in cloud-based communications. The $6.2 billion acquisition of cloud communications pioneer Vonage, which closes in July 2022, should boost Ericsson’s bottom line profits starting in 2024. The Vonage deal is a smart move as it allows Ericsson to be at the forefront of fundamental changes in the telecom industry.
Today you can invest in this exciting network technology company for less than $8 per share. The stock trades at 11 times trailing earnings and 1.1 times sales, and the low share price has pushed Ericsson’s effective dividend yield up to 4.4 percent. You can pick up at least two Ericsson shares for the price of a good pizza.
Latest LG Display Price: $5.46
Based in Seoul LG Display (L.P.L 2.02%) It is one of the world’s largest manufacturers of LCD panels and organic light emitting diode (OLED) screens. OLED technology researcher Universal display (OLED 2.06%) It may be a more direct play on the burgeoning OLED revolution, but the stock is changing hands today at more than $100 a share. So if your funds are limited or you simply prefer to invest in low-priced tickets, LG Display may be the best stock for you.
The company also faced low unit sales of important end-user products such as TV sets and high-end smartphones. These items are a tough sell due to high inflation around the world and a prolonged shortage of semiconductor components. However, consumer demand for OLED TV screens remains strong to accommodate the rising revenue. And with the supply chain retooled, LG Display should be poised to thrive in a healthy market.
Meanwhile, the stock trades at a bargain-bin price of 0.2 times trailing sales and 10 times free cash flow. The stock price is down 46 percent and the dividend is up 4.8 percent. In this case, you are buying LG Display stock or frozen pizza from a supermarket store brand. The stock should be an easy choice.
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