5 Best NASDAQ Stocks Under $50

In this piece, we will take a look at the five best NASDAQ stocks under $50. If you want a deep dive into the NASDAQ exchange and learn about recent important trends, then take a look at 12 Best NASDAQ Stocks Under $50.

5. CSX Corporation (NASDAQ:CSX)

Number of Hedge Fund Investors In Q1 2023: 61

CSX Corporation (NASDAQ:CSX) is a rail freight company. Its industry leaves it susceptible to the mercy of economic growth, as higher growth leads to more firms transporting goods through it and vice versa. Wall Street analysts think there’s a bright future ahead, as the consensus rating is a Buy and the firm has a small $3 share price upside.

Insider Monkey took a look at 943 hedge funds for the first quarter of 2023 shareholdings and found out that 61 had invested in CSX Corporation (NASDAQ:CSX). Out of these, the firm’s largest investor is Eric W. Mandelblatt’s Soroban Capital Partners with a $1.5 billion stake.

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

Number of Hedge Fund Investors In Q1 2023: 63

Warner Bros. Discovery, Inc. (NASDAQ:WBD) is an entertainment company that owns film studios, television networks, and other assets. Its shares have a sizeable $8 upside, but these days it is among a group of studios that are facing the brunt of a strike in Hollywood.

63 of the 943 hedge funds part of Insider Monkey’s database had bought and owned Warner Bros. Discovery, Inc. (NASDAQ:WBD)’s shares during March 2023.

3. Flex Ltd. (NASDAQ:FLEX)

Number of Hedge Fund Investors In Q1 2023: 64

Flex Ltd. (NASDAQ:FLEX) is a technology company that enables firms to manage their supply chains. Its shares are rated Strong Buy on average, and the company has a strong track record of expanding its product portfolio and income sheet through successful acquisitions.

Insider Monkey dug through 943 hedge funds for their first quarter of 2023 shareholdings and found out that 64 had held a stake in the company. Andrew Wellington and Jeff Keswin’s Lyrical Asset Management is Flex Ltd. (NASDAQ:FLEX)’s largest shareholder since it has a $237 million investment.

2. Intel Corporation (NASDAQ:INTC)

Number of Hedge Fund Investors In Q1 2023: 68

Intel Corporation (NASDAQ:INTC) is the largest chip manufacturer in the world. The firm has struggled of late in maintaining its technological edge; most observers are watching it to see whether a new strategy to open up its manufacturing plants for others and aggressively pursuing technologies will yield favorable results.

68 of the 943 hedge funds part of Insider Monkey’s database had bought and owned Intel Corporation (NASDAQ:INTC)’s shares during Q1 2023. Out of these, the company’s largest hedge fund investor is Peter Rathjens, Bruce Clarke, and John Campbell’s Arrowstreet Capital through a $700 million stake.

1. Comcast Corporation (NASDAQ:CMCSA)

Number of Hedge Fund Investors In Q1 2023: 68

Comcast Corporation (NASDAQ:CMCSA) is a media and telecommunications company. While its cable business is often feared to be weakening due to the rise of the Internet, it is still one of the largest broadband companies in the U.S. and one that delivers high Internet speeds.

Insider Monkey’s March quarter of 2023 survey covering 943 hedge funds revealed that 68 had invested in the company. Comcast Corporation (NASDAQ:CMCSA)’s largest shareholder is Jean-Marie Eveillard’s First Eagle Investment Management with its $1.2 billion investment.

Disclosure: None. You can also take a look at 20 Biggest Franchises In The World and 20 Most Hated Brands in the World.

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