Have $500? These 2 Stocks Could Be Bargain Buys for 2024 and Beyond

Group 1: Market Overview - The stock market has reached new highs multiple times in 2024, indicating elevated stock valuations [1] - Despite this, there are still attractive investment opportunities in the tech and telecommunications sectors [1] Group 2: Micron Technology - Micron Technology is a leader in memory and solid-state storage drives, with a stock price increase of 50% over the last year, despite a 36% sell-off from recent highs [3][4] - The company reported a 93% year-over-year revenue increase in its most recent quarter and anticipates record revenue for the upcoming year [4] - The cyclical nature of Micron's business makes it a timely buy, with Wall Street analysts projecting earnings per share to reach $10.96 by fiscal 2027, making the current share price a bargain at less than 10 times those estimates [6] - Demand for AI-optimized devices is expected to drive further growth for Micron in the next year [7] Group 3: Verizon Communications - Verizon Communications shares have increased by 18% over the past year, driven by growing wireless revenue and 5G adoption [8] - Recent earnings results have alleviated concerns about growth, with postpaid phone net additions doubling year-over-year in Q3 [9] - Verizon is expected to achieve profitable growth in 2024 and beyond, with a pending $20 billion acquisition of Frontier Communications to expand its services [10] - The company has a strong dividend history, paying out 59% of its expected earnings for 2024, resulting in a forward dividend yield of 6.48% [11] - Lower interest rates are expected to enhance the attractiveness of Verizon's high dividend yield, contributing to stock price growth [12]