Invest Wisely with Two Remarkable Stocks Under $20

Smart investing can be relatively straightforward, especially when you seek out companies with strong growth prospects for the long term. By doing so, you stand to earn significant returns from the stock market. Right now, there are two companies whose potential and affordable stock prices—below $20—make them attractive investments that could be poised for future success.

Redfin's Resilience

Despite the housing market feeling the heat from the Federal Reserve's inflation control measures, Redfin, a technology-driven real estate brokerage, is positioned to make a strong comeback when the housing market rebounds. They offer an appealing package to home sellers, with low listing fees that can save sellers serious money compared to traditional brokerages. In addition, Redfin has been steadily increasing its market share, and they have been streamlining their business to reduce net losses, putting them on a better track for shareholder gains.

SoFi Technologies' Surge

SoFi Technologies is making waves in the banking industry with its digital bank and financial services platform. They've experienced impressive growth within the massive U.S. commercial-banking sector. Not only is their membership growing, but so is their deposit base, which in turn supports their expanding loan segment. In 2023, SoFi reported a significant jump in revenue and even achieved profitability. The company has optimistic projections for its net income and earnings per share in the coming years, and their current stock price is an enticing deal for investors interested in a burgeoning leader in digital banking.

Investing, Growth, Technology