5 Stocks Under $50 to Buy Now

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1. CSX Corporation (NYSE:CSX)

Number of Hedge Fund Holders: 61

CSX Corporation (NYSE:CSX) is a leading railroad company that has done really well in the long term with the stock price rallying from less than $8 in 2012 to $32.05 on December 3. With a fairly attractive forward P/E ratio of 16.83 in addition to more expected EPS growth in the next 5 years, CSX Corporation (NYSE:CSX) could continue to be a long term winner even if it has downside if there is a recession next year. Despite the macroeconomic headwinds in 2022, CSX Corporation (NYSE:CSX)’s third quarter sales rose 18% year over year to $3.9 billion and its operating income rose 10% year over year to $1.58 billion. Diluted EPS rose 21% year over year to $0.43. With 61 hedge funds in our database owning shares, CSX Corporation (NYSE:CSX) ranks #1 on our list of 10 Stocks Under $50 to Buy Now.

You can also take a look at 15 Biggest Banks In The World and Ken Griffin Stock Portfolio: Top 10 Stock Picks.

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