5 Best Stocks for Beginners with Little Money According to Reddit

In this article, we discuss 5 best stocks for beginners with little money according to Reddit. If you want to read our detailed analysis of the growing trend of retail investors and the overall stock market, go directly to read 10 Best Stocks for Beginners with Little Money According to Reddit. 

5. Chindata Group Holdings Limited (NASDAQ:CD)

Number of Hedge Fund Holders: 22
Share price as of September 13: $8.32

Chindata Group Holdings Limited (NASDAQ:CD) is a Chinese data center solution provider. The company specializes in the development, operation, and management of high-performance data centers. It is one of the best cheap beginner stocks on our list with a share price of $8.32, as of September 13.

CD gained the attention of the Reddit community after it posted a 60% year-over-year growth in its quarterly revenue in the first quarter of 2023. The community sees this as a company that understands the needs of the tech industry, operates using renewable energy, and can easily expand as needed.

At the end of June 2023, 22 hedge funds in Insider Monkey’s database owned investments in Chindata Group Holdings Limited (NASDAQ:CD), growing from 20 in the previous quarter. The collective value of these stakes is over $186 million.

4. Rivian Automotive, Inc. (NASDAQ:RIVN)

Number of Hedge Fund Holders: 37
Share price as of September 13: $23.8

Rivian Automotive, Inc. (NASDAQ:RIVN) is an American electric vehicle (EV) manufacturer and automotive technology company. Rivian focuses on developing and producing electric vehicles and related technologies. According to Redditors, Rivian is experiencing significant improvements in its profit margins, even in a challenging economic environment. This indicates that the company may have a strong foundation and be well-managed and is expected to grow in the coming years. Due to this, it can be a good investment option for beginner investors. With a share price of $23.8, RIVN is one of the best cheap beginner stocks to invest in.

The number of hedge funds tracked by Insider Monkey owning stakes in Rivian Automotive, Inc. (NASDAQ:RIVN) grew to 37 in Q2 2023, from 31 in the previous quarter. The overall value of these stakes is over $782.8 million.

3. Palantir Technologies Inc. (NYSE:PLTR)

Number of Hedge Fund Holders: 39
Share price as of September 13: $15.81

Palantir Technologies Inc. (NYSE:PLTR) is a software and data analytics company that specializes in providing data integration and analysis solutions to a wide range of industries. The stock is grabbing the attention of the Reddit community due to the growing AI hype this year. This makes the stock well-positioned among beginner as well as seasoned investors. PLTR is currently trading at $15.81 per share, coming through as one of the best cheap beginner stocks according to Reddit.

As of the close of Q2 2023, 39 hedge funds in Insider Monkey’s database reported having stakes in Palantir Technologies Inc. (NYSE:PLTR), growing from 31 in the preceding quarter. The collective value of these stakes is over $987.4 million. Among these hedge funds, D E Shaw was the company’s leading stakeholder in Q2.

2. Verizon Communications Inc. (NYSE:VZ)

Number of Hedge Fund Holders: 53
Share price as of September 13: $34.3

An American telecommunications company, Verizon Communications Inc. (NYSE:VZ) is next on our list of the best cheap beginner stocks to invest in. The stock is popular among retail investors as the company has a good profit margin, solid cash generation, and a stable payout ratio. In addition to this, the company is a strong dividend payer, having raised its dividends for 16 consecutive years. As of September 13, VZ’s share price is $34.3.

At the end of Q2 2023, 53 hedge funds tracked by Insider Monkey were bullish on Verizon Communications Inc. (NYSE:VZ). The consolidated value of stakes owned by these hedge funds is roughly $829 million.

1. The Coca-Cola Company (NYSE:KO)

Number of Hedge Fund Holders: 61
Share price as of September 13: $58.3

An American multinational beverage company, The Coca-Cola Company (NYSE:KO) is gaining a lot of traction among retail investors due to the company’s solid performance over the years. The stock has delivered a 50.7% return in the past ten years, which makes it a good long-term investment. With its dividend growth streak of 61 years and a share price of $58.3, KO is one of the best cheap beginner stocks according to Reddit.

As of the end of Q2 2023, 61 hedge funds in Insider Monkey’s database owned stakes in The Coca-Cola Company (NYSE:KO), the same as in the previous quarter. The overall value of these stakes is over $27.2 billion.

You can also take a look at 15 Best S&P 500 Stocks For Dividend Growth and Long-Term Returns of Billionaire Barry Rosenstein’s Activist Targets

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