5 Best Affordable Stocks Under $30

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1. Warner Bros. Discovery, Inc. (NASDAQ:WBD)

Number of Hedge Fund Holders: 67

Share Price as of August 18: $13.19  

Warner Bros. Discovery, Inc. (NASDAQ:WBD) is a market leading entertainment company that operates under three major segments – Studios, Network, and DTC. On August 3, Warner Bros. Discovery, Inc. (NASDAQ:WBD) announced a Q2 revenue of $10.36 billion and a GAAP loss per share of $0.51, falling short of market consensus by $80 million and $0.10, respectively. However, based on investor sentiment, Warner Bros. Discovery, Inc. (NASDAQ:WBD) remains one of the best affordable stocks.

According to Insider Monkey’s second quarter database, 67 hedge funds were bullish on Warner Bros. Discovery, Inc. (NASDAQ:WBD), compared to 63 in the previous quarter. 

Smead Value Fund had this to say about Warner Bros. Discovery, Inc. (NASDAQ:WBD) in its first quarter 2023 investor letter:

“Our best-performing stocks in the quarter were Warner Bros. Discovery, Inc. (NASDAQ:WBD), NVR (NVR) and Lennar (LEN). Warner was our worst performer in Q4 2022 and bounced back from tax selling. The home builders fooled everyone by growing their market share and making good money in the violent Fed tightening of 2022-2023.”

Follow Warner Bros. Discovery Inc. (NASDAQ:WBD)

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