They say the bigger they are, the harder they fall — but is the inverse true for low-priced stocks? The smaller they are the faster they rise? Things are never that easy. Stocks with single-digit price tags are there for a reason, and most of them never bounce back. Let’s take a look at some of these names that are positioned to win in 2020.
Zynga (NASDAQ:ZNGA), TrueCar (NASDAQ:TRUE), and Qutoutiao (NASDAQ:QTT) are three names to watch that are trading in the single digits. They are risky, of course, but let’s go over why these are some of the great stocks that can be had for less than $10 a share.
We’re spending more time on our smartphones, and that’s good news for publishers of mobile games that have a firm grasp of what casual players crave in their diversions. Zynga is the company behind Words With Friends, Empires & Puzzles, and other sticky mobile apps.
There was a time when Zynga was leaning on display ads to propel its business, but these days it’s all about the more promising user-generated revenue. More than 80% of its revenue and bookings are now stemming from user payments, and that’s a good thing since that segment saw its bookings soar 80% in its latest quarter. Ad revenue, which now accounts for less than a fifth of the business, grew at a much slower 12% clip.
It all adds up to a… Continue reading at The Motley Fool