2 Growth Stocks You Can Buy Right Now With Less Than $100
High stock prices sound great if you already own the stock, but they can be off-putting if you are looking to buy it. Still, all pricing on the market is relative and what some might consider a cheap stock, others might consider to be expensive (and vice versa). For some, stocks priced about $100 a share are considered expensive. Fortunately, you can still buy shares of great companies for $100, or even less, if you know where to look.
Two stocks priced under $100 a share that have the potential to eventually exceed $100 are iconic soda maker Coca-Cola (NYSE: KO) and spice producer McCormick (NYSE: MKC). And even if they don't eventually rise above $100 a share, they pay you a decent amount to hold on to them. Here's more about why both should be of interest to you.
Both Coca-Cola and McCormick hail from the consumer staples sector, with one focused on drinks and the other centered around spices and other food flavor enhancers. Both are leading names in the sectors they serve. However, neither one is immune to the adverse effects of inflation. As the price of ingredients, labor, and transportation goes up, profit margins can get squeezed.
Source Fool.com
