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Consider Buying These 2 Top Stocks Under $5 -Breaking

by Mike Robinson

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© Reuters. Take a look at these 2 top stocks under $5

The benchmark stock indices have registered a solid performance this week, with the S&P 500 and the DJIA hitting all-time highs. A solid third-quarter earnings season is likely to boost bullish sentiment. We think that fundamentally sound stocks are low-priced. Banco Santander (MC:) and VEON (NASDAQ:) could be good additions to one’s portfolio now. Keep reading. Bullish trends are driving the U.S. stock markets thanks to the positive corporate earnings season. This week, the benchmark indices delivered an impressive performance. The S&P 500 notched its seventh straight win on October 21, marking a record close at 4,549.78. It also reached an intraday peak of 4,551.44. Although the index rose to an all-time peak on October 20, it fell slightly to close at 35.603.08 during its final trading session.

Solid corporate earnings reports have eased investors’ worries about inflation and a possible decline in Federal Reserve’s bond-buying. “There are no signs of widespread erosions of margins at the moment,” said Jim Reid, head of thematic research at Deutsche Bank (DE:). In addition, the weekly drop in Jobless Claims to 290,000. was a sign of a pandemic.

Based on the current bullish trend, quality stocks such as Banco Santander S.A., (SAN) or VEON Ltd., (VEON) which trade below $5 could prove to be good investments.

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