10 of the Best Stocks to Buy for 2022

With the exception of this past week, the market has taken quite a drubbing this month.  So this week's edition of U.S. News Invested gives us the good news that there are still some good stocks out there worth looking at.  Enjoy the weekend.  

JUNE 24, 2022 Invested Advice, rankings and stock market news for investors.

Good morning, investors. Markets rise and Intel questions its ability to open a new factory in Ohio. Highlights of today's newsletter include our market insights plus these new articles: 10 of the Best Stocks to Buy for 2022 7 Best Cheap Stocks to Buy Under $10 7 of the Best ETFs to Fight Inflation 8 Best Commodity ETFs to Buy Now TODAY'S FEATURED STOCK STORY 10 of the Best Stocks to Buy for 2022 It's been a bad year for stocks. Through June 22, the benchmark S&P 500 is down 21.1%, the tech-dominated Nasdaq is down 29.4% and even the blue-chip-heavy Dow Jones Industrial Average is down 16.7%. Inflation has been the main culprit, with the debate over whether higher prices were transitory coming to an abrupt end as prices rose, for months on end, at the highest pace in roughly 40 years. The Federal Reserve, at first slow-moving and now rushing to respond, has begun a tightening cycle not seen in decades, including the single-largest interest rate hike in 28 years in June. Combine that with the unexpected Russian invasion of Ukraine and sky-high energy prices, and Wall Street hasn't had much to cheer in 2022. With that in mind, here's a look at how U.S. News' picks from December 2021 of the 10 best stocks to buy for 2022 are faring thus far: EOG Resources Inc. (ticker: EOG). The best-performing of U.S. News' 10 best stocks to buy for 2022 is EOG Resources, a U.S. oil and natural gas producer. Picked largely as a hedge against ongoing inflation, EOG hasn't disappointed, jumping 29% through June 22 as energy prices have spiked – U.S. benchmark crude oil briefly eclipsed $123 per barrel – and inflation continues to climb, with the consumer price index showing its fastest increases in more than 40 years after year-over-year readings of 8.3% in April and 8.6% in May. EOG was even humming in the first quarter of 2022, with adjusted earnings per share, or EPS, surging 147% year over year. The company also declared a special dividend of $1.80 per share – following up a $1 special dividend in February – due to its outstanding results. After EOG posted record adjusted earnings in 2021, analysts expect more records in 2022. Grupo Aeroportuario del Sureste SAB de CV (ASR). It might seem odd that Mexico-based airport operator Grupo Aeroportuario del Sureste is handily outperforming the broader market, but take a look at the numbers and you'll see there's good reason behind it. People around the world are ready to get back to their normal lives, and that's exhibited in passenger traffic for ASR, which operates airports in Cancun, Mexico; San Juan, Puerto Rico; and Medellin, Colombia. Across those three locations and its 13 other airports in Mexico and Colombia, passenger traffic is up 13.5% in the first five months of 2022 compared with the first five months of 2019. It's nice to own an occasional stock that's more disconnected from U.S. markets, and ASR shows why. Colombian traffic in particular is surging, up 41.1% in May 2022 from the same month a year before; the country's economy benefits from higher prices of its top exports, such as oil and coffee. ASR stock is up 2% through June 22. Click here to continue reading. The best stocks to buy for 2022: EOG Resources Inc. (EOG) Grupo Aeroportuario del Sureste SAB de CV (ASR) Visa Inc. (V) Medifast Inc. (MED) Alphabet Inc. (GOOG, GOOGL) Microsoft Corp. (MSFT) Lowe's Cos. Inc. (LOW) ASML Holding NV (ASML) Meta Platforms Inc. (META) Upstart Holdings Inc. (UPST)