The 7 Best Under $20 Stocks to Buy in August 2024

Group 1: Investment Opportunities - The article emphasizes that cheap stocks can present significant investment opportunities if the market has mispriced them due to temporary setbacks or unrecognized potential [1][2] - AT&T (T) is highlighted as a stock trading under $20, with a 13% increase in 2024 and a 34% rise over the past year, outperforming the S&P 500 [4][5] - Nu Holdings (NU), a Brazilian fintech, has seen a 66% increase in customers over two years, reaching over 100 million, but its stock has recently fallen 21% from its high [7][8][9] - Hudson Technologies (HDSN) is positioned to benefit from the American Innovation and Manufacturing (AIM) Act, which phases out virgin hydrofluorocarbons, giving it a 35% market share in the reclaimed refrigerant industry [10][11] - Kenvue (KVUE), spun off from Johnson & Johnson, reported $15.4 billion in sales in 2023, with a 2% growth in 2024, and is expected to provide more clarity post-spinoff [12][14] - Kinross Gold (KGC) has seen a 39% increase in 2024 and a 78% rise over the past year, benefiting from rising gold prices [15][16] - Teva Pharmaceuticals (TEVA) reported a 7% increase in total sales to $4.2 billion in Q2, driven by generics, and its stock is up 60% in 2024 [22][24] Group 2: Company Challenges and Market Dynamics - Warner Bros Discovery (WBD) has faced a 31% decline YTD and a 70% drop since its spinoff, primarily due to debt burdens [18][20] - The potential breakup of Warner Bros' movie studio and streaming service could create a more attractive investment opportunity [21] - Nu Holdings is experiencing a stock decline despite profitability, with net income more than doubling to $378.8 million in Q1 [9][8] - Hudson Technologies' stock is down 44% YTD, indicating market hesitance despite future growth potential [12] - Kenvue's adjusted earnings were impacted by an impairment charge, contributing to a 24% decline in stock over the last year [14]