The COVID-19 pandemic made bargain-bin values out of many great stocks in 2020, and bargains are still easy to find after a dramatic recovery in May and June.
A low share price alone isn't a reliable sign of strong shareholder value but these low prices offer a good entry point for beginning investors who may not be ready to sink $500 or more into a single share of companies like Tesla or Intuitive Surgical. Stocks trading under $20 per share are also appealing because many of them traded much higher than that in the past, setting up opportunities for a rebound in markets like the current one.
Here are three high-quality companies that should bounce back from the brutal spring with a vengeance. Read on to see why you should take a closer look at IT consulting giant Infosys (NYSE: INFY), fast-food chain Del Taco Restaurants (NASDAQ: TACO), and Industrial Internet of Things (IIoT) veteran Digi International (NASDAQ: DGII).
Source Fool.com