stocks buy under
Money - April 29, 2022

5 Stocks You Can Buy Under N100k

The conflict in Ukraine may have caused a drop in the energy stock market, as well as a roughly 10% drop in the S&P 500. As a result, the stock market is more volatile than ever. 

However, the popular knowledge on stock investment, suggests investors buy the dip. As a result, the present plummet in the stock market could be favourable. 

There are several large company stocks that are affordable and you can buy for under N100,000. This could turn out to be one of the best decisions you’ll make this year. 

If you want to get ahead in stock investment, you should look beyond the obvious chances and adopt a holistic approach that will create profits even in the most difficult of circumstances.

This entails searching beyond trendy growth equities to value stocks that have been battered recently but still have long-term potential.

Here are 5 stocks you can buy for under N100k.

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1. Apple 

Some investors may be tempted to overlook Apple because they believe it has passed its prime. However, those investors are neglecting a few crucial factors that make Apple a great company to invest in for under N100,000.

Aside from the incredible growth the company has experienced. It’s been rumoured that the corporation is working on its own augmented-reality (AR) device.

As the tech sector begins to focus its attention on the metaverse, that pursuit may turn out to be quite lucrative.

According to some projections, Apple’s AR gadget shipments would reach 22 million by 2030, with extended-reality devices having the potential to account for up to 20% of the company’s revenue in less than 20 years.

Apple’s stock price is currently N67,698, making it a good investment to venture into below N100k.

2. Chevron

Oil prices may have risen sharply as a result of Russia’s war in Ukraine, and this has had a significant impact on energy corporations. Analysts predict that the price of a barrel of oil will soar to $200.

Despite the challenges of this industry, Chevron stock prices continue to rise, delivering benefits to investors.

Chevron is one of the quality stocks to buy under N100k, with a current stock market price of N66,868 from previous closing of N64,000.

3. UPS

United Parcel Service, Inc. includes lots of operations, which are letter and package delivery, transportation, logistics, and financial services.

UPS  is currently profiting from a number of variables, one of which is an increase in e-commerce demand. This could be a good time for you to add the company to your portfolio, given the growth momentum.

On Thursday, April 28th, 2022, the United Parcel Service Inc stock price rose 2.02 percent, from N77,000 to N78,00, and has now gained three days in a row.

This could be a profitable stock to look into and buy under N100K.

4. Coca-cola

There are numerous reasons why you might consider adding Coca-Cola to your investment portfolio.

Firstly, they are a leading non-alcoholic ready- to- drink company. Secondly, the industry’s strongest, broadest, and most flexible portfolio of brands with growth opportunities in high-value occasions and categories. 

Finally, they have a relentless focus on cost and efficiency in order to fuel growth investments.

Coca-cola stock opened at N26,855 the day before and finished at N27,490. This makes as part of the fantastic stocks to buy under N100.

5. Twitter

The question on everyone’s mind when it comes to Twitter stocks is whether they can still buy them, now that it’s a private company under Elon Musk.

For Twitter’s stockholders, Musk secured an agreement worth $54.20 per share in cash.

However, the sale of Twitter is almost certain, but it won’t be completed straight immediately. There will be no immediate modifications to the website’s functionality until the company receives regulatory approval and is taken private, and anyone can acquire shares in the social media platform.

Twitter’s stock price is currently N20,393, making it a smart addition to your portfolio.

It is forecasted that Twitter will have a profitable future market under the directives of Elon Musk.

This is a testament to how skillfully he has built Tesla and SpaceX, his aerospace company.

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