Published on 15 Dec 2021 on Insider Monkey via Yahoo Finance
11 Best One Dollar Stocks to Buy Today
In this article, we discuss the 11 best one dollar stocks to buy today. If you want to skip our detailed analysis of these stocks, go directly to the 5 Best One Dollar Stocks to Buy Today.
High-risk securities with a small market capitalization, such as those that trade in and around the one dollar mark, have seen high trading volumes in the past few months, largely because of retail investor interest. These growth stocks may attract even more attention in the next few weeks as a new variant of COVID-19 fuels uncertainty at the market and investors patiently wait for the outcome of a Federal Reserve meeting. Business Insider reports that on December 14, the Dow Jones slipped 0.05%, the S&P 500 fell 0.22%, and the Nasdaq dipped 0.53%.
Even though institutional investors may be more inclined towards finding safe haven in value equities through the upcoming storm, the spending patterns of retail investors would suggest that cheap high-growth options will continue to attract the Reddit crowd, regardless of the macroeconomic environment. In 2020, many of these retail investors got their start at the market during the COVID-19 lockdowns to wade off “boredom”. As the threat of another lockdown looms, these investors are likely to invest in the market with renewed focus.