The last three years have been nothing short of spectacular for stock investors. The S&P 500 has produced a cumulative total return of 87% since hitting its bear market low in October 2022. If you invested in growth stocks, your returns have been even better, with the S&P 500 Growth index more than doubling in that same period.
Growth stocks have been the driving force behind the gains in the index. But as growth stocks have climbed in price, it’s left fewer options for investors looking for good value. And if you’re just getting started or trying to invest your next $100, a good growth opportunity is hard to come by in this market.
But looking past the biggest companies can still reveal many great opportunities to buy stocks in businesses with excellent growth prospects ahead of them. Here are three options all trading for prices below $100 per share.