9 Best Stocks Under $100 To Buy Now

Our Approach to Finding the Best Stocks Under $100

For our search for the best stocks under $100 in 2024, we utilized a systematic approach that combined market capitalization with hedge fund sentiment. We first identified the 40 most valuable stocks, where market capitalization stood as a crucial factor in the valuation process. Thereafter, we narrowed down our scope by analyzing the hedge fund activity during the fourth quarter of 2023. Notably, we ranked shares on the number of hedge funds playing a long position in a given stock, which helped us identify the stocks of great value and high appeal to sophisticated investors. Lastly, our search for the best stocks under $100 concluded with analysis of hedge funds’ sentiment, which could define its future growth prospects. According to our research, the top 9 stocks favored by hedge funds have surpassed the S&P 500 Index by 140 percentage points over the last decade.

Through the combination of market capitalization ranking and analysis of hedge funds’ interest or disinterest in a particular company’s stock, we arrive at a systematic methodology that defines a list of stocks as valuable under these specific circumstances. We believe that, by assessing hedge funds’ sentiment toward the stocks, our search for the best alternatives to buy in 2024 became more precise and extensive. As such, in our search for the best stocks under $100, we will have a developed idea about companies, define their value in the market, and, over time, gauge the effectiveness of our methodology and the accuracy of its results.

Advanced Micro Devices (AMD)

• Stock Symbol: AMD
• Latest Stock Price: Approximately $90

Advance Micro Devices Inc. , or AMD, is one of the most powerful companies in the semiconductor industry. This company produces some of the best GPU and CPU devices, such as Radeon graphics processors and Ryzen production sets. Currently, AMD stock price is about $90.33.

Description of the Company’s Activity: Advance Micro Devices Inc., or AMD, is a well-known player in the semiconductor industry. It has been competing with such powerhouses as Intel and NVIDIA by offering cutting-edge products. Recently, AMD has released Ryzen 7000 production set, a line of modern processors distinguished by their outstanding performance improvements and energy efficiency. They are made of a new 5nm process technology, which ensures better speed and power usage. A strategic move exemplified by the acquisition of Xilinx, AMD is planning to expand its business and dominate the data-center and AI markets. It also aims to expand its product mix and become a more diversified corporation.

The Financial Condition of the Corporation: AMD’s financial performance is strong, as is evidenced by the steady increase in revenue and market share. More specifically, the company reported a 16% year-over-year growth, reaching $5.9 billion in the second quarter of 2023 due to an impressive demand for Ryzen and EPYC products .

Salesforce (CRM)

• Stock Symbol: CRM
• Latest Stock Price: Approximately $200

Salesforce, Inc. reimagines customer relations management through its cloud-based software solutions and support services. The company’s Salesforce Customer 360 synchronizes sales, service, marketing, and commerce, allowing businesses to see their customers from every angle. In addition to AI development, Salesforce AI Einstein is noteworthy because it has recently purchased Slack and thus is gradually turning into an all-in-one platform for work and collaboration, not just customer relations. Salesforce boasts a presence in more than 120 countries. As a result, the brand enjoys solid revenue growth, culminating in $7.41 billion in the first fiscal quarter 2024. Social responsibility is seen in the company’s 1-1-1 model, as it is the first business to pledge 1% of equity, 1% of product sales, and 1% of employee time to the community.

PayPal Holdings (PYPL)

• Stock Symbol: PYPL
• Latest Stock Price: Approximately $80

PayPal Holdings: This company has a stock price of around $80 and is one of the payment revolution pioneers. It provides online transactions safely, irrespective of whether you are interested in sending or withdrawing funds.

Various payment options such as PayPal Credit and Venmo suggest that the company is flexible and innovative in the face of the modern payment system changes. Moreover, in Nuggets.com , I have read that it offers cryptocurrency trading, which is also an open-minded decision in terms of the modernization of the application payment methods. The possibility to operate in over 200 markets and in more than 100 currencies issues also appeals to me since being global is one of the cornerstones of the company’s success. Moreover, as it has been stated, PayPal invests millions in fraud prevention and risk management technologies to secure the payment experience of the 429 million active accounts. In 2023, it has already recorded $1.25 trillion in payment volume.

Intel Corporation (INTC)

• Stock Symbol: INTC
• Latest Stock Price: Approximately $30

Intel Corporation is one of the leading names in the semiconductor industry. The company has been in the forefront of computing technology for decades now, with most personal computers’ microprocessors being manufactured by Intel. Intel’s stock price is around $30 per share, and the company has demonstrated a commitment to innovation in recent years, with additional investments in its portfolio, including its push for the development of autonomous driving technology and artificial intelligence. The 12 th Generation Alder Lake processors have been released to significant acclaim, with hybrid architecture for better performance and efficiency. The main challenge confronting the company is the fact that its processors have encountered more competition over the recent past due to the considerable strengthens of its main competitors, including AMD and NVIDIA. Nevertheless, Intel’s main strength is the fact that it is one of the best-known brands, as well as having one of the largest patent portfolios. The company’s major revenue streams from its data center and PC-centric businesses also offer it solid financial performance in the future.

Cisco Systems (CSCO)

• Stock Symbol: CSCO
• Latest Stock Price: Approximately $45

Cisco Systems, with a ticker CSCO, currently trades for about $45 and is a multinational tech firm operating in networking hardware, software, and telecommunications equipment. Its products, such as routers, switches, and security systems, have become indispensable elements of the internet infrastructure . The company’s strategic focus on cybersecurity and cloud computing has paid off by reflecting the emergence of the need for secure and highly scalable networking ecosystems . The acquisition of companies, such as Duo Security and Acacia Communications, has further diversified Cisco’s reach into security and optical networking . The firm actively invests in cutting-edge technologies, such as 5G, IoT, and AI, by focusing resources, particularly on research and development. Moreover, Cisco is committed to sustainability efforts and social responsibility, with its ultimate goal being to achieve net-zero greenhouse gas emissions by 2040.

Bristol-Myers Squibb (BMY)

• Stock Symbol: BMY
• Latest Stock Price: Approximately $60

Bristol-Myers Squibb a solid pharmaceuticals player, is a global biopharmaceutical company with stock prices ranging at around $60.

The company has delivered some of the best innovative medicines in oncology, cardiovascular, immunology, and fibrotic diseases. The blockbuster drugs by the company, has driven substantial revenue growth over the years and has established itself as a giant pharmaceutical player after the acquisition of Celgene . BMS’ strategy acquisition of Celgene has expanded its product pipeline and improved the development capabilities to produce new therapies. BMS’ heightened emphasis on research and development is quite clear in its strong pipeline of potential new drugs and current clinical trials. BMS’ objective to become the leader in patient-focused healthcare solutions and to provide innovative therapies to address some of the unmet medical needs, displays its commitment to improve the current health condition of the people. New projects for their pipelinehealthy financial state and a well-thought-out strategy. One of the best Big Pharma players, Bristol-Myers Squibb will continue to be an extreme innovative player in the healthcare area.

General Electric (GE)

• Stock Symbol: GE
• Latest Stock Price: Approximately $80

General Electric has rapidly transformed over the years. This conglomerate structures a many-sided company because of its conglomerate structure. Initially, GE was a diverse organization with a great number of business areas and interests. However, the company has narrowed its business and gone over to focus on its industrial bass business such as aviation, healthcare, and renewable energy. General Electric keeps its reputation as an innovative company producing wind turbines to buttress alternative sources of energy. Moreover, the company has continuously worked to make its jet engines more energy-efficient. Aviation division is still major for GE. The company has been working barely to meet the demand for its LEAP and GEnx engines. Health care is also significant for GE – medical imaging and diagnostics have been greatly advancing to provide more and more perfect results. Despite some difficulties, GE seems to be doing well due to smart divestures and focusing on high-growth businesses.

Qualcomm (QCOM)

• Stock Symbol: QCOM
• Latest Stock Price: Approximately $120

Qualcomm is worth around $120. This company is a pioneer in developing and enabling the commercialization of foundational technologies for wireless equipments. The innovations in 5G technology provide reliable and fast next-generation internet and benefit all smart device users. And there is no such a company worldwide, which provides chip processors for 40% of mobile phones. Moreover, the development of Snapdragon processors serves every third implement wherever a person is. Qualcomm also developed rich multimedia opportunities created by graphic games in mobile devices. Fortunately, this company has a great strategic licensing program which insures substantial profits and technological leadership based on its robust patent portfolio. Finally, Qualcomm invested in the development of automotive, IoT technologies and AI, which means that company intended to continue work in mobile areas and other technologies in the future.

Starbucks Corporation (SBUX)

• Stock Symbol: SBUX
• Latest Stock Price: Approximately $95

The Starbucks Corporation, which has a stock price of around $95.5, is the largest coffeehouse chain worldwide. It offers a range of signature beverages that have become iconic in popular culture and has arguably the most inviting store ambiance. Moreover, the company’s focus on the consumer experience and constant innovation helps it remain the top player in the coffee industry. Its expansion into new regions with China being the biggest market is another factor that has strengthened its competitive advantage. Over the past years, the company has been increasingly focusing on the environment to reduce waste and to ensure sustainable coffee sourcing. The strong brand, different choice of menus, as well as digital media oriented strategies … continue to benefit Starbucks activity even though it faces tough competition with a range of local and big global companies.