Investment Mobs Top 24 Stocks Under $24 in 2024

 2024 hopes to show some optimism in the markets as the FED has indicated that inflation is under control and interest rates may be lowered in the upcoming year. Investment Mob has you covered with the highly-anticipated annual 24 Stocks Under $24 in 2024. Discover undervalued gems, market trends, and strategic insights that that only Tom from Investment Mob can provide. Whether you’re a seasoned investor seeking the next big opportunity or a newcomer navigating the complexities of the stock market, this comprehensive guide is your starting point to find undervalued picks. Tom and the Investment Mob team struts into the New Year focused and ready for some more swings in the markets. Here at Investment Mob we hope 2024 finds you well and gives you the gift of Tom’s 24 Stocks Under $24 in 2024.

1. ALX Oncology Holding (AXLO $12.26) is a clinical stage immuno-oncology company which focuses on developing therapies for cancer patients. ALXO has collaboration agreements with Merck; Zymeworks as well as Tallac Therapeutics.

Market Cap: $623 Million Ave Trade Volume: 1,375,000 shares

 2. Couchbase (BASE $20.41) provides a database for enterprise applications which works in multiple configurations to on premise environments to the edge. 

Market Cap: $1 Billion Ave Trade Volume: 2342,000 shares

 3. Cabaletta Bio (CABA @ $16.50) a clinical-stage biotechnology company, focuses on the discovery and development of engineered T cell therapies for patients with B cell-mediated autoimmune diseases. It has a collaboration with the University of Pennsylvania and the Children’s Hospital of Philadelphia. 

Market Cap: $777 Million Ave Trade Volume: 1,138,000 shares

 4. Chewy (CHEW $20.81) engages in the pure play e-commerce business providing pet food, treats, pet supplies,pet medications, and other pet-health products.

Market Cap: $8.5 Billion Ave Trade Volume: 8,070,000 shares

 5. Coupang (CPNG @ $21.80) owns and operates in e-commerce business. The company operates through two segments, Product Commerce and Developing Offerings selling various products and services including (home goods, apparel, beauty products, fresh food and groceries). The company also offers Rocket Fresh, which offers fresh groceries; Coupang Eats, a restaurant ordering and delivery services; and Coupang Play, an online content streaming services.

Market Cap: $28.5 Billion Ave Trade Volume: 7,980,000 shares

 6. Freshworks (FRSH $20.19) provides modern software-as-a-service products. It offers Freshdesk Support Desk and Freshdesk Contact Center.

Market Cap: $6.3 Billion Ave Trade Volume: 2,245,000 shares

 7. Fastly (FSLY $17.26) operates an edge cloud platform for processing, serving, and securing its customer’s applications. The edge cloud is a category of Infrastructure as a Service that enables developers to build, secure, and deliver digital experiences at the edge of the internet.

Market Cap: $2.25 Billion Ave Trade Volume: 2,700,000 shares

 8. The Good Year Tire & Rubber Company (GT $13.97) develops, manufactures, distributes, and sells tires and services worldwide under the Goodyear, Cooper, Dunlop, as well as private-label brands.

Market Cap: $4 Billion Ave Trade Volume: 3,500,000 shares.

 9. Robinhood Markets (HOOD $11.73) operates financial services platform to invest in stocks, exchange-traded funds (ETFs), options, gold, and cryptocurrencies. 

Market Cap: $10.0 Billion Ave Trade Volume: 9,600,000 shares

 10. i3 Vertical (IIIV $19.77) provides integrated payment and software solutions primarily to the public sector and healthcare markets. It operates in two segments, Software and Services, and Merchant Services.

Market Cap: $658 Million Ave Trade Volume: 151,000 shares

 11. Invesco (IVZ $15.23) is a publicly owned investment manager. The firm provides its services to retail clients, high-net worth clients, public entities, corporations, unions, pension funds, and financial institutions.

Market Cap: $7 Billion Ave Trade Volume: 5,470,000 shares

 12. IonQ,Inc (IONQ $13.69) engages in the development of general-purpose quantum computing systems in the United States. It sells access to quantum computers of various qubit capacities.

Market Cap: $2.6 Billion Ave Trade Volume: 9,800,000 shares

 13. Nintendo (NTDOY $11.78) develops, manufactures, and sells home entertainment products. Also offers video game platforms, playing cards, and handheld and home console hardware systems.

Market Cap: $55 Billion Ave Trade Volume: 881,000 shares

 14. Opera Limited (OPRA $11.19) provides mobile and PC web browsers. Operates in two segments, Browser and News, and Other.

Market Cap: $970 Million Ave Trade Volume: 784,000 shares

 15. PubMatic (PUBM $17.11)  provides a cloud infrastructure platform that enables real-time programmatic advertising transactions for Internet content creators and advertisers.

Market Cap: $868 Million Ave Trade Volume: 339,000 shares

 16. SentinelOne (S $24.00) operates as a cybersecurity provider in the United States and internationally. 

Market Cap: $7.6 Billion Ave Trade Volume: 5,600,000 shares

 17. Schneider National (SNDR $23.84) engages in the provision of surface transportation & logistics solutions in the United States, Canada & Mexico. Company operates through 3 segments: Truckload, Intermodal, & Logistics.

Market Cap: $4.2 Billion Ave Trade Volume: 596,000 shares

 18. Sonos (SONO $16.05) designs, develops, manufactures, and sells audio products and services worldwide.

Market Cap: $2 Billion Ave Trade Volume: 2,300,000 shares

 19. Syndax Pharmeceuticals (SNDX $16.65) a clinical-stage biopharmaceutical company, develops therapies for the treatment of cancer.

Market Cap: $1.2 Billion Ave Trade Volume: 1,950,000 shares

 20. Teladoc Health (TDOC $19.21)  provides virtual healthcare services in the United States and internationally.

Market Cap: $3.16 Billion Ave Trade Volume: 5,000,000 shares

 21. Toast (TOST $15.31) operates a cloud-based and digital technology platform for the restaurant industry. Toast offers Point of Sale (POS), a hardware product; Toast Order & Pay, which allows guests to order and pay from their mobile devices and Toast Go, a handheld POS device that enhances the table turn times.

Market Cap: $8.32 Billion Ave Trade Volume: 8,6800,000 shares

 22. V.F. Corp (VFC $18.14) provides branded lifestyle apparel under The North Face, Timberland, Smartwool, Icebreaker, Altra, Vans, Supreme, Kipling, Napapijri, Eastpak, JanSport, Dickies, and Timberland.

Market Cap: $6.9 Billion Ave Trade Volume: 9,052.000 shares

 23. Weave Communications (WEAV $10.06) provides a customer communications and engagement software platform in the United States and Canada. Its platform enables small and medium-sized businesses to maximize the value of their customers.

Market Cap: $746 Million Ave Trade Volume 309,000 shares

 24. Clear Secure (YOU $21.78) operates a secure identity platform under the CLEAR brand name primarily in the United States. Its secure identity platform is a multi-layered infrastructure consisting of front-end, including enrollment, verification, and linking. Also offers CLEAR Plus, a consumer aviation subscription service.

Market Cap: $3.45 Billion Ave Trade Volume: 1,200,000 shares

How to use the MACD indicator to trade stocks in 2023

For those who are unfamiliar with technical analysis, MACD is a good first introduction to the discipline. I can surely vouch that in my early days working on Wall Street, all the traders in my brokerage house would use this as their first tool to determine if a stock was setting up to be a good trade or not. The MACD (Moving Average Convergence Divergence) is a technical analysis indicator that is used to identify trend changes in the price of a security. It is calculated by subtracting the 26-day exponential moving average (EMA) from the 12-day EMA. A nine-day EMA of the MACD, called the "signal line," is then plotted on top of the MACD, and is used to identify buy and sell signals when the lines cross each other.

In its simplest form, to use MACD signals to trade stocks, you can use the following steps:

1. First, plot the MACD and signal line on your chart. Each online brokerage has the different charting systems and ways to do this, so don’t be shy to call up your brokerage firm and ask them for help setting this chart up.

2. Look for the MACD line to cross above the signal line, which is a bullish signal. This indicates that the price of the security is likely to rise according to the MACD indicator.

3. Consider buying the stock when the MACD line crosses above the signal line.

4. You can also search for the MACD line to cross below the signal line, which is a bearish signal. This indicates that the price of the security is likely to fall.

5. Consider selling the stock when the MACD line crosses below the signal line.

Keep in mind that the MACD is just one technical indicator that you can use to analyze the markets. It could be used in conjunction with other of technical analysis like the Slow Stochastic and RSI indicators which will be discussed in upcoming articles and videos. From a the persective of someone who has been trading for over 25 year, it is important to state that there is not a single indicator out there that works everytime. Most Daytraders and Swingtraders like myself, use a variety of technical analysis indicators to make informed trading decisions.

Happy Trading Everyone,

Jeff from InvestmentMob

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Investment Mob LLC is not a registered broker-dealer or a registered investment adviser. Any product from Investment Mob LLC is furnished for your personal, noncommercial, informational purpose only, and a particular security in the product does not constitute a recommendation to buy, sell, or hold that or any other security, or that any particular security, portfolio of securities, transaction or investment strategy is suitable for any specific person. You further understand that Investment Mob LLC will not advise you personally concerning the nature, potential, value or suitability of any particular security, portfolio of securities, transaction, investment strategy or other matter. To the extent any of the information contained in the product may be deemed to be investment advice, such information is impersonal and not tailored to the investment needs of any specific person. You acknowledge that you are responsible for your own financial decisions. 

November a Month to Remember…My last 6 buys

The New Norm: Buy high! Sell higher! is a sediment echoed throughout trading communities such as Robinhood, Webull, Schwab, TD Ameritrade and Revolut. As stock valuations sky rocket and companies aggressively move to acquire cheap monies to line their war chests a fleeting thought occurs….. Do I want to be in the game or sitting on the sidelines in cash as others prosper? What is one to do?

Over the past two months I have repositioned my portfolio taking advantage of volatility and market opportunities by adding to core holdings DocuSign (DOCU), Unity Software (U) and Magnite (MGNI) while initiating new positions in Marvel Technology (MRVL), Slack Technologies (WORK) and Fulgent Genetics (FLGT).

Last 3 Trades

Marvell (MRVL: $45.11) – flies under the Wall Street radar as a global semiconductor provider of analog, digital and embedded microprocessor integrated circuits. Two most notable acquisitions: Inphi ($10 Billion 10/20) and Cavium ($6 Billion 7/18).

Slack Technologies (WORK: $40.67) - software platform that brings people, applications, and data together. Slack is experiencing tremendous growth and has excellent partnerships.

Fulgent Genetics (FLGT: $40.63) - provides genetic testing services to physicians as it primarily serves hospitals and medical institutions. Fulgent Genetics technology platform integrates data comparison, algorithms, learning software, and genetic diagnostics tools.

Making room for tomorrow’s stock disruptors means clearing cap space so new companies may shine. I had to grant free agency to Fortinet, Nvidia, Teladoc Health, Guardant Health and Adaptive Biotechnologies. When building your portfolio carefully measure the risk and reward you are willing to take. A smart strategy to consider is establishing diversified equity positions over time, and be true to your personal investment philosophy. Keep an investment journal and critique your buys and sells. Most importantly, “Its time in the market not timing the market!”

https://youtu.be/WC8_granXss

Disclosure: Tom currently owns shares of all the stocks mentioned in the article. These stock picks are in no way, shape, or form intended to be financial advice. They are just investment ideas that encourage the reader to do further research on his or her own. Tom receives no financial compensation for this article. Furthermore, Investment Mob LLC is not a registered broker-dealer or a registered investment adviser. Any product from Investment Mob LLC is furnished for your personal, noncommercial, informational purpose only, and a particular security in the product does not constitute a recommendation to buy, sell, or hold that or any other security, or that any particular security, portfolio of securities, transaction or investment strategy is suitable for any specific person. You further understand that Investment Mob LLC will not advise you personally concerning the nature, potential, value or suitability of any particular security, portfolio of securities, transaction, investment strategy or other matter. To the extent any of the information contained in the Product may be deemed to be investment advice, such information is impersonal and not tailored to the investment needs of any specific person. You acknowledge that you are responsible for your own financial decisions.