![]() On the date of publication, Muslim Farooque did not have (either directly or indirectly) any positions in the securities mentioned in this article. The opinions expressed in this article are those of the writer, subject to the Publishing Guidelines Hence, SOFI stock has the potential to gain big in what could be its breakthrough year in 2022. The company’s recent acquisition of Galileo will help curb its risks and further solidify its positioning in the fintech space. Once it gets the charter, SoFi can cut out the middle man and significantly expand its margins. Perhaps its biggest catalyst is the bank charter it’s been chasing, which is in the final stages of approval. ![]() SoFi’s investors have plenty to look forward to next year. So far, the platform has nearly doubled its membership in a year and continues to execute brilliantly. The goal is to offer a streamlined service, which offers a host of different financial services without any hitches. ![]() SoFi Technologies is an up-and-coming financial technology (fintech) disruptor on a mission to help its customers achieve financial independence. Moreover, VTRS stock trades at less than one time forward sales, which is a remarkably attractive price for such a high-growth company. The company expects revenue to fall between $17.7 billion and $17.9 billion for the year, representing a nearly 50% increase on a year-over-year (YOY) basis. It boasts a strong and proven portfolio, which will help it post sizeable revenues in the future. So far, it appears the company can become a cash cow, having generated more than $2 billion in free cash flows. It plans to repay its debt, expand its free cash flow and dish out over $200 million in dividends within the next nine months. Viatris has laid down a three-point agenda since its creation. It can easily service its debt and is likely to deliver on its promise of healthy dividends down the line. However, the business is solid overall with a stable top and bottom line as well as massive free cash flow growth. Viatris is a spinoff of Pfizer’s (NYSE: PFE) drug unit, Upjohn, whose shares have taken a hammering in the past year. Moreover, with the changes at the top, the airliner plans to focus on customer service, cut losses and limit its debt load. Debt reduction will also continue due to its reduced capital expenditure requirements.Īmerican Airlines’ impeccable fleet management in the past decade is likely to give it the edge in the future. Moreover, business travel is likely to recover in the next couple of years. The great thing for American Airlines is that leisure travel has returned to pre-pandemic levels on a few occasions in the past year. Nevertheless, AAL stock remains an excellent buy for the long haul, trading at less than one times forward sales. ![]() However, American Airlines remains a work-in-progress, as it’s still reeling from the effects of the pandemic on its financial flexibility. The coronavirus wiped away demand for air travel, but the sector has bounced back with the widespread availability of vaccines. Source: GagliardiPhotography / Īmerican Airlines and AAL stock were obliterated during the pandemic. Having said that, let’s look at some promising cheap stocks you can grab for under $20: Therefore, if you can find auspicious companies early on, you can build great wealth over time. But cheap stocks with strong growth prospects will allow investors to generate handsome returns in a short space of time. Additionally, some promising stocks haven’t been able to win over the stock market so far. We have seen many beaten-down stocks without much promise get a bump in share price. As Warren Buffet said, “It’s far better to buy a wonderful company at a fair price than a fair company at a wonderful price.” Consequently, investors are always looking for opportunities to scoop up cheap stocks that could offer incredible value over the long run. “Buy low, sell high” is the mantra for success in the investing world.
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