5 Stocks Under $50 to Buy Now

4. Fifth Third Bancorp (NASDAQ:FITB)

Number of Hedge Fund Holders: 35

Fifth Third Bancorp (NASDAQ:FITB) is a regional bank whose shares have rallied from under $15 in 2012 to $35.25 on December 3. Given the macroeconomic headwinds this year, however, shares of Fifth Third Bancorp (NASDAQ:FITB) are down around 19% year to date and the stock could have more downside if the U.S. economy slows more than expected. In early November, Vivek Juneja of JPMorgan raised his price target on Fifth Third Bancorp (NASDAQ:FITB) to $39 from $37.5 and kept a ‘Neutral’ rating on shares. Juneja thinks some impact of a recession is already priced into shares and the analyst believes the bank’s revenues will benefit from higher interest rates.