8 Stocks Under $20 To Invest In Now

5. Ford Motor Company (NYSE:F)

Share Price: $10.45

Number of Hedge Fund Holders: 47

Ford Motor Company (NYSE:F) is a leading automaker based in the United States. It is one of the world’s largest automakers and is known for its brands including but not limited to Ford, Mustang, and Lincoln. It manufactures and sells trucks, SUVs, cars, luxury vehicles, and EVs throughout 125 countries.

There are many points that investors can argue about while talking about the company, including its massive losses in the electric vehicle department or the challenges it is facing in China. However, one of the things that the investors might be missing about Ford Motor Company (NYSE:F) is its Ford Pro segment, which deals with commercial customers including businesses and government agencies providing vehicles and services tailored to their needs.

If we look at the first half of 2024, Ford Pro generated $5.6 billion in EBIT which was ahead of the regular company business. Moreover, while the overall revenue of the company grew 6% year-over-year, the Ford Pro grew 21% in the first half. The business in this segment also led to an increase of 35% in its software business.

Gaining confidence from the growing business segment, management has raised its full-year EBIT mark of $9 billion to $10 billion from $8 billion to $9 billion for its Ford Pro business. The stock was held by 47 hedge funds in Q2 2024, making it one of the best stocks under $20 to invest in now.