Many believe that you can only profit from stock trading if you have a lot of capital. Of course, if you have plenty of available funds, you will have no problem trading popular stocks such as IBM, Amazon or Tesla. But what if your budget is limited?
The good news is that even with little capital, you can still trade stocks and potentially profit from them.
Before you start trading stocks on a budget, download MetaTrader 4 on your PC, one more good idea is to use a forex trading calculator. Boasting robust functionality, MT4 is a legendary trading platform chosen by millions of stock traders around the world.
We also recommend that you continue to read this article because we have put together a thorough analysis of the most promising stocks as of 25th to 29th October, 2021.
The stocks listed below have a few things in common. Not only do they have excellent growth prospects, but they also cost no more than $3. This means you will only need a small amount of capital to build up your stock portfolio.
1. MamaMancini’s Holdings Inc. (MMMB)
The price of MamaMancini’s as of 26, November is $2.17.
This company specializes in Italian food products in specialty packs. MamaMancini’s wide range of products includes pasta, meatloaf, and chilled meatballs.
MamaMancini’s stocks used to be as high as $4, but large investors sold 40% of their securities, bringing their price down to less than $2. However, MamaMancini is trading at $2.62 on Oct. 28 and has sizable upside potential. Experts predict that investors could earn18 cents per share by 2023.
2. UpHealth Inc. (UPH)
As of November 26, the price of UpHealth Inc. is $2.70.
The main goal of this company is to bring together several of the most important healthcare-related platforms. It also owns several online pharmacies and billing service companies.
UpHealth Inc. may seem to be underperforming. Their stock price was over $10 before experiencing a significant drop recently.
On 28th October, the company’s shares are trading at $1.77. Yet, experts suggest that UpHealth Inc. has a high chance of recovering, especially when the company has recently raised additional capital.
It is also noteworthy that the health care sector is on an incredible upswing today, which could also support the stock’s performance.
3. Enel Chile SA (ENIC)
The price of Enel Chile SA as of November 26 is $2.28.
Enel Chile is a Chilean energy company. Not long ago, the firm faced serious problems associated with the COVID-19 pandemic and the strong fluctuations in foreign currency prices. The elections in Chile have created additional uncertainties.
All of these lead to a significant drop in the price of ENIC. Yet, considering the profit the company is making, as well as the demand for its products and the energy sector as a whole, it is safe to say that the bearish trend will end. The price of ENIC may experience a significant increase in the near future.
Enel Chile is a leading player in the lithium and aluminum markets. These metals are the most important raw materials for batteries and components for renewable energy systems.
Since the markets of aluminum and lithium are booming, the company is well-positioned to take advantage of the increasing demand for metals.
If you trade ENIC at its current price, you are likely to expect good returns in the not-so-distant future.
4. Ambev SA (ABEV)
As of November 26 the price of Ambev SA is $2.95.
Like Enel Chile, this company is severely affected by the pandemic and the fluctuations in foreign currency prices.
While Ambev is not as well known in Europe, it is an industry leader in the Brazilian brewing market.
If you compare the company’s revenue in 2020 with that of 2019, you will observe a downward trend. However, nearly 90% of companies around the world have suffered a decrease in revenue between 2020 and 2021.
There’s a good chance that the ABEV price will go up in the near future.
This makes now a great time to invest in ABEV at a low price.
Beer is consumed all over the world. The FIFA World Cup 2022 is likely to result in an increase in the demand for alcohol, favoring the performance of ABEV.
The demand for beer is unlikely to experience drastic change despite unforeseen circumstances such as the coronavirus pandemic. This makes ABEV relatively safe to trade.
Is There a Possibility That These Stocks Will Continue to Fall?
It is important to understand that there’s no such thing as a guaranteed profit. A stock usually rebounds after experiencing a major fall, but it is not always the case.
If the company’s products or services are in low demand, its shares may drop even more. Stock trading always carries risks.
However, the stocks we have mentioned above operate in sectors with consistent demand. It is therefore unlikely for those companies to close down even in the worst-case scenario.
Successful traders are distinguished by their ability to monitor the market and promptly react to changes.
Nevertheless, in order for you to take full advantage of the dynamic markets, trading with the right broker is essential.
You need a broker that instantly executes your orders and gives you access to popular, necessary tools for successful trading.
You will also want a broker that does not play against you but is interested in your success. Cyprus-based multi-asset broker Exness is known to be a broker that cares about its traders’ capital.
Trading with Exness means you will always be able to quickly identify the most promising stocks and potentially profit from trading them, even if their current value is no more than $3.