3 Under $50 Stocks to Buy Now: June 2024

Stock Splits and Market Reactions - Nvidia and Broadcom announced 10-for-1 stock splits, leading to significant increases in their stock prices [1] - Chipotle experienced a surge to all-time highs following a 50-for-1 stock split, indicating strong investor interest in owning whole shares [1] - Stock splits are appealing to investors who prefer to own entire shares rather than fractional ones, despite the availability of fractional stock buying [1][8] SoFi Financial Performance - SoFi's stock is down 33% year-to-date, presenting a potential buying opportunity for long-term investors [3] - The company reported a 37% year-over-year revenue increase in Q1 2024, with GAAP net income of $88 million compared to a net loss of $34.4 million in the same period last year [12] - SoFi's Technology Platform Segment revenue grew by 21% year-over-year to $94.4 million, while Financial Services revenue surged by 86% year-over-year to $150.6 million [4] Upwork's Market Position - Upwork's stock is down 28% year-to-date, which may provide a buying opportunity [5] - The company reported a 19% year-over-year revenue growth in Q1 2024, with ad revenue increasing by 93% and Freelancer Plus sales up by 76% [7] - Upwork's net income rose to $18.4 million, a 7% year-over-year increase, indicating solid financial growth [19] Semrush's Growth Metrics - Semrush reported a 21% year-over-year revenue growth in Q1 2024, with GAAP profits of $2.14 million compared to a net loss of $9.86 million in the same period last year [15] - The company has a strong annual recurring revenue model with over 100,000 paying customers, contributing to its growth potential [10][15] - Despite a modest 2% increase year-to-date, Semrush has demonstrated a 50% gain over the past year, indicating potential for further growth [10]