what stock to buy with $500

• Stocks to Buy With $500: Nokia (NOK)
• JetBlue Airways (JBLU)
• Aurora Cannabis (ACB)
• Carnival (CCL)
• Ford Motor (F)
• Riot Blockchain (RIOT)
• Marathon Oil (MRO)

Full Answer

What are the best stocks to purchase?

Mar 25, 2022 · The Smartest Stocks to Buy With $500 Right Now 1. Shopify E-commerce platform provider Shopify ( SHOP -8.62%) is one of those stocks that's really taken it on the... 2. Nio I've made no bones about my wariness over investing in Chinese stocks these days, but electric carmaker Nio ( NIO... 3. Realty ...

What stocks should I invest in?

Jan 29, 2022 · With its earnings surging while the stock tumbled, Brookfield Renewable now trades at a much lower valuation. It has generated $1.69 per share of cash flow over the last 12 months. Given its ...

What are the best natural gas stocks to buy now?

Jan 26, 2021 · 7 Stocks to Buy With $500 Stocks to Buy With $500: Nokia (NOK). Nokia stock got a significant boost recently, after it was hyped on Reddit’s... JetBlue Airways (JBLU). Airlines are expected to stage a comeback this year as the number of people inoculated against... Aurora Cannabis (ACB). Next on ...

Which shares to buy now?

Jul 28, 2021 · Currently, Goodfood trades under $10, making it a very affordable stock for investors with $500. An up-and-coming stock Docebo (TSX:DCBO) (NASDAQ:DCBO) is a stock that investors should take note of.

What should I invest $500 in?

Is $500 a good stock investment?

Can I make money investing $500?

What stocks should I buy to make fast money?

How do I invest my first $500?

Can you get rich off penny stocks?

Where can I invest 500 per month?

How much money do I need to invest to make $500 a month?

What can I do with 500 dollars?

What stocks will double in 2021?

Which stock can make me rich?

What is best to invest in now?

NYSE: BEPC

You’re reading a free article with opinions that may differ from The Motley Fool’s Premium Investing Services. Become a Motley Fool member today to get instant access to our top analyst recommendations, in-depth research, investing resources, and more. Learn More

The recent stock market correction provides a great opportunity for long-term investors

The stock market officially entered a correction this week, declining 10% from the most recent high. Many stocks are down even more. Stock market corrections like this can feel brutal since no one likes losing money.

A dirt cheap way to invest in this megatrend

Shares are Brookfield Renewable have slumped more than 45% over the past year. That sell-off makes no sense whatsoever. The renewable energy giant delivered excellent results last year. It produced record third-quarter earnings, pushing its total for the first nine months up 20% year over year.

NYSE: BEPC

With its earnings surging while the stock tumbled, Brookfield Renewable now trades at a much lower valuation. It has generated $1.69 per share of cash flow over the last 12 months. Given its recent sub-$32 share price, it trades at less than 19 times cash flow. That's dirt cheap, considering its growth prospects.

Growth at a value price

Social media platform Pinterest has plunged more than 60% in the past year. That's partly due to two rumored buyouts that failed to materialize. Payments giant PayPal ( PYPL -0.46% ) reportedly explored a deal valued at $70 a share ($45 billion) last fall.

Standing out in a sea of red

The recent stock market dip has made many stocks look more attractive these days. Among the most compelling opportunities are Brookfield Renewable and Pinterest. They look like absolute bargains, given their long-term growth prospects. And that means they look like smart ways to deploy $500 these days.

Premium Investing Services

Invest better with the Motley Fool. Get stock recommendations, portfolio guidance, and more from the Motley Fool's premium services.

What is the best sector for 2021?

Energy is the best performing sector of 2021 so far. After an absolutely horrible 2020, oil and natural gas are rebounding into the newyear, helped by rising demand and prices. And among oil companies, Marathon is a bargain. The Houston, Texas-based company’s stock currently sits at $7.47 a share.

How much is the cannabis industry worth in 2027?

Yet, cannabis remains a huge industry with huge potential. The North America legal cannabis market is forecast to be worth $104.9 billion by 2027, according to market research firm ReportLinker. The market for cannabis is finally starting to mature.

Is Nokia a good investment?

Apart from the speculation, Nokia is actually a good investment currently given the company’s involvement in the 5G wireless rollout that’s now taking place around the world. Nokia is helping companies such as T-Mobile (NASDAQ: TMUS) launch their 5G networks.

Is MRO stock bullish?

Moving forward, MRO stock should rebound with the broader oil market. Other reasons to be bullish on MRO stock include the fact that the company plans to reinvest up to 80% of its cash flow to maintain production and use the other 20% to help support its dividend, which currently yields a decent 1.47%.

You can now buy this stock regardless of how much money you have

A stock that few would have expected to see in this list, Shopify (TSX:SHOP) (NYSE:SHOP) can be bought for $500. Right now, you’re probably asking yourself “Wasn’t Shopify trading for $2,000 recently?” Yes, it was.

Changing the way we think about e-commerce

When consumers and investors talk about online retail, they often refer to the purchase of electronics, clothing, and other material goods. A lesser-discussed topic, online grocery purchases have increased tremendously in recent years. In 2016, it was estimated that online groceries accounted for 5% of all grocery sales in Canada.

An up-and-coming stock

Docebo (TSX:DCBO) (NASDAQ:DCBO) is a stock that investors should take note of. Many investors focused on the tech sector may have seen its meteoric rise last year, as the stock soared more than 650% after the market crash last March. However, to start this year, Docebo stock struggled.

Stock Advisor Canada Returns

Returns since inception, October 2013. Current as of February 6, 2022.

Sea Limited

Great businesses don't go on sale very often. But investors with $500 have the opportunity to buy Singapore-based Sea Limited (NYSE: SE) following a more than 50% pullback in three months.

Vertex Pharmaceuticals

Another incredibly smart stock to buy with $500 in 2022 is specialty biotech stock Vertex Pharmaceuticals (NASDAQ: VRTX).

General Motors

A third genius stock investors can confidently buy with $500 in 2022 is auto giant General Motors (NYSE: GM).

What is the best place to put money if you are not saving for retirement?

If you're not already saving for retirement — or you are, but not enough — the best place for this money is an individual retirement account.

Is there a ton of cash in a Roth IRA?

No, it’s not a ton of cash, but it is eight times your initial investment . Even better would be to use this windfall to kickstart an investment-savings habit by opening an account and auto-contributing $100 more per month. For example, open a Roth IRA with $500 and contribute $100 a month, and after 30 years and with a 7% rate of return, that cash will grow to $122,000.