The 7 Best Under $20 Stocks to Buy in August 2024

Cheap stocks are often cheap for a reason. That bit of investing wisdom underscores the need to perform due diligence on a company and not just buy it because the stock trades at a low price. Yet the word "often" is doing a lot of heavy lifting there. It means the are times when the market has gotten it wrong. Whether it is a temporary headwind for the business or the market doesn't yet realize the company's potential, the cheap stock is inexpensive and not for a good reason. That's when savvy investors mov ...