Top 3 Absurdly Cheap Stocks for Long-Term Growth

3 Undervalued Stocks for Long-Term Investors Under $500

With $500 or even a lot less, you could invest in all three of these quality players. Stocks have roared higher in this new bull market, with major indexes reaching record highs in recent months. But this doesn't mean you need a fortune to participate in the action and score a win.

Some top-quality stocks have missed out on the gains as investors favor today's highest-momentum players: technology stocks.

Of course, many tech stocks make fantastic buys, but it's important to remember diversification -- which could maximize gains and limit losses over time -- and consider some of the left-behind players in other industries. They may be stock performance stragglers right now, but over time, they could significantly boost your portfolio. And today, with just $500, you can pick up three of these absurdly cheap stocks that may deliver big over the long term. Let's check them out.

1. Carnival

Carnival suffered during the earliest phase of the pandemic as the health crisis put a halt on sailings. The world's biggest cruise ship operator built up a wall of debt to stay afloat (excuse the pun) and swung from years of profitability to losses.