For newer investors or those who have limited money to invest, it can sometimes be difficult to know where to deploy capital into the stock market. Depending on the brokerage being used, there may or may not be an opportunity to buy fractional shares. When that option is not available, the price of a stock does matter.

The good news is that there are great businesses to invest in at any price range. There are great stocks to buy with low per-share prices and weaker companies that trade for high per-share prices. The best investors learn that the price of a stock has no bearing on the strength of the business. Let's take a look at the best stocks to buy with only $700.

Based in the Netherlands, ASML (NASDAQ: ASML) may be the most important company you've never heard of. The semiconductor industry has many companies doing a variety of things. Some companies design chips, others manufacture them, and a few do both. ASML has an interesting and vital role to play in this industry. It designs and manufactures the machines needed to make all the world's chips.

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Source Fool.com