One of the first lessons in investing is that stocks with low prices are there for a reason, but it isn't always that way. There are some big gains possible with low starting points, as long as investors are willing to stomach the inevitable risks that comes with the territory.
Snap (NYSE: SNAP), Sirius XM Holdings (NASDAQ: SIRI), and CenturyLink (NYSE: CTL) all trade for stock prices in the teens or lower. They're not exactly out of favor despite the small price tags. Snapchat parent Snap has nearly tripled in value in 2019. Satellite radio monopoly Sirius XM has been one of the market's biggest winners, a 125-bagger since bottoming out a decade ago. Regional telco CenturyLink is the one stock here that has seen better days, but it makes the cut because of its chunky dividend. Let's take a closer look at all three of the top stocks trading under $20.
Image source: CenturyLink.