Saturday, August 20, 2022

10 of the Best Stocks to Buy for 2022

The latest and greatest from U.S. News Invested -- their picks of the top ten stocks for 2022.  Hope everyone is enjoying the Woodward Dream Cruise this weekend, starting at the one mile stretch on Woodward between 9 Mile and 10 Mile which has the notoriety of being the first paved road in the U.S., built in 1909, something I just learned tonight.  (According to the article, the rest of Woodward was paved by 1916.) 


AUGUST 19, 2022

U.S. News & World Report

Invested

Advice, rankings and stock market news for investors.

Good morning, investors. Stocks hang on to gains, home sales drop and Bed Bath & Beyond no longer defies gravity.

Highlights of today's newsletter include our market insights plus these new articles:

10 of the Best Stocks to Buy for 2022
10 Best Cybersecurity Stocks to Buy Now
7 Best Marijuana ETFs to Buy in 2022

TODAY'S FEATURED STOCK STORY

10 of the Best Stocks to Buy for 2022

Reuters

It's been a rough year for stocks. Through Aug. 17, the S&P 500 is down 10.3%, the Dow Jones Industrial Average is 6.5% lower and the tech-heavy Nasdaq is down 17.3%, all despite a recent rally. While a handful of factors are behind the lengthy slump, including the Russian invasion of Ukraine and back-to-back quarters of negative GDP growth, the largest obstacle has been inflation. In response, a slow-moving Federal Reserve made a series of 75-basis-point interest rate hikes. Here's a look at how U.S. News' picks for the best stocks to buy for 2022, made in December 2021, are faring in this difficult environment:

EOG Resources Inc. (ticker: EOG). Entering 2022, inflation had already emerged as a concern. The year-over-year increase in the consumer price index for November 2021 came in at an elevated 6.8%. In June, inflation hit 9.1%, its highest level since 1981. With energy prices emerging as one of inflation's key drivers this year, EOG stock has benefited, and including dividends, the stock is up 33.6% in 2022 through Aug. 17, making it the top performer among the 10 picks. In August, EOG reported second-quarter net income that surged 146% year over year and declared a $1.50-per-share special dividend, its third special dividend announcement of the year.

Grupo Aeroportuario del Sureste SAB de CV (ASR). This next name is a bit off the beaten path, but sometimes that's where the best opportunities lie. Mexico-based airport operator Grupo Aeroportuario del Sureste is up 12.2% in 2022 through Aug. 17. It's no wonder why: Total passenger traffic in the second quarter jumped 19.2% from second-quarter traffic in 2019. With flagship airports in Cancun, Mexico; San Juan, Puerto Rico; and Medellin, Colombia, ASR is reaping the rewards of booming demand in Latin America. ASR stock still trades at modest levels, boasting a 3.6% dividend yield and a forward price-to-earnings ratio of 17.5.

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The best stocks to buy for 2022:

  • EOG Resources Inc. (EOG)
  • Grupo Aeroportuario del Sureste SAB de CV (ASR)
  • Visa Inc. (V)
  • Microsoft Corp. (MSFT)
  • Alphabet Inc. (GOOGGOOGL)
  • Lowe's Cos. Inc. (LOW)
  • ASML Holding NV (ASML)
  • Medifast Inc. (MED)
  • Meta Platforms Inc. (META)
  • Upstart Holdings Inc. (UPST)

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