Its been a pretty rough year so far for stocks. Inflation has made investors worrying about the future of the stock market. From August until now, the S&P 500 has dropped by a staggering 10%. Some credit was taken by the Russian and Ukrainian feud but a lot can be said about the inflationary activities.
Prices are continuously rising each week let alone each month. Something which was never witnessed in the last 40 good years. Although in these dire times, some companies tend to stand out. Here are the best stocks you can invest in 2022.
With the excessive velocity of people traveling to different parts of the world, Visa has been able to get ahead of the curve. Some can say that Visa has outperformed its existing state in 2022. The cross-border factor is really important to Visa because it’s accountable for the most usage of their cards.
Cross-border transactions first broke out in 2019 and since then they have risen to a substantial 40%. This has allowed Visa to collect a hefty revenue with a 19% increment. A massive surge of 33% in earnings per share as well can be recorded.
The largest and most valuable company on this list is Microsoft. It has a market cap of $2.2 trillion and in spite of its humongous size, it still worries about no boundaries and continues to grow. Subsequently, they have managed to grow their revenue by 12% in the recent quarter.
Microsoft offers a wide range of different tech products including the infamous Windows software system. They have also actively taken part in taking over strong tech companies such as LinkedIn, Activision Blizzard Inc., and Azure. These acquisitions have made them further cement their position in the tech sector.
Lowe’s Cos. Inc.
Lowe’s surprise entrance into the top stocks of 2022 has been controversial. Although they have perfect justifications to prove their cause. The earnings per share grew about 9.9% in the recent quarter. These numbers even shocked their financial analysis team.
The type of sector Lowe’s operates in has the potential to grow even more. People are excessively becoming house owners and Lowe’s is getting the most out of this opportunity. Lowe’s stock goes for almost 16 times forward earnings.
Probably the smallest market cap company on the list, Medifast has put its gears in the shift to break out. Medifast is a weight-loss management and marketing company that continues to bring about changes in the world, health-wise. They have an endless amount of staff, coaches, and analysts. Medifast’s stock currently yields a 4.6% dividend and around 10 times forward earnings.