To start September off on the right footing - and in consideration of the historical fact that September is almost always the worst market month of the year -- I think this week's edition of U.S. News Invested with its picks of the top 10 stocks for the year would be useful. Hope everyone is enjoying the weekend.
InvestedAdvice, rankings and stock market news for investors. |
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TODAY'S FEATURED STOCK STORY The S&P 500 is now down 17% year to date, but a handful of top-performing stocks have bucked the bearish trend. Top performers include several oil and gas stocks benefiting from surging energy prices and health care stocks with unique bullish catalysts. Here are the 10 best-performing stocks of 2022 among companies that trade on major U.S. exchanges and have market capitalizations of at least $1 billion. Returns are total returns, meaning they reflect the impact of any dividends, and are through Aug. 31:
10. Torm PLC (ticker: TRMD). Torm is a U.K.-based refined-oil shipping company with a fully owned fleet of more than 80 vessels. In August, Torm reported time charter equivalent rates more than doubled in the second quarter, and company management said the market has been even better so far in the third quarter. In fact, the stock jumped 10% after Torm said rates had more than tripled from 2021 levels in the current quarter. Surging shipping rates have sent Torm shares higher by 153.9% in 2022.
9. Alpha Metallurgical Resources Inc. (AMR). Alpha Metallurgical Resources is a Tennessee-based coal miner. While clean energy may be the biggest long-term growth trend in the energy sector, coal prices have surged along with oil and gas prices so far in 2022 as the world pushes to combat energy shortages by any means necessary. In August, Alpha reported second-quarter revenue growth of 238% and net income from continuing operations of $575.4 million. That impressive growth has driven AMR stock up 158.1% year to date.
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The 10 best-performing stocks of 2022:- Target Hospitality Corp. (TH): +273.3%
- Scorpio Tankers Inc. (STNG): +228.6%
- Consol Energy Inc. (CEIX): +220.7%
- Lantheus Holdings Inc. (LNTH): +172.8%
- TransMedics Group Inc. (TMDX): +171.6%
- NexTier Oilfield Solutions Inc. (NEX): +163.9%
- PBF Energy Inc. (PBF): +163.4%
- Veru Inc. (VERU): +159.8%
- Alpha Metallurgical Resources Inc. (AMR): +158.1%
- Torm PLC (TRMD): +153.9%
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