Sunday, December 4, 2022

2022's 10 Best-Performing Stocks

To close out this first chilly weekend of December, here is the latest from U.S. News Invested listing the best performing stocks for 2022.  Stay warm and enjoy the week.  


DECEMBER 2, 2022

U.S. News & World Report

Invested

Advice, rankings and stock market news for investors.

Happy Friday, investors! Stocks stall despite the easing of a key inflation measure, and Congress moves to prevent a rail strike.

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

2022's 10 Best-Performing Stocks
7 Best ETFs to Buy for 2023

TODAY'S FEATURED STOCK STORY

2022's 10 Best-Performing Stocks

LNG carrier is a tank ship designed for transporting liquefied natural gas

The S&P 500 gained 5.4% in November – a good sign for those hopeful that the stock market can recover from its worst year since 2008. The S&P 500 is down 14.4% year to date through Nov. 30, 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. Here are the 10 best-performing stocks through the first 11 months of 2022 among companies that trade on major U.S. exchanges and have market capitalizations of at least $1 billion. Total returns, which include dividends, are through Nov. 30:

10. International Seaways Inc. (ticker: INSW). International Seaways is one of the world's largest crude oil and petroleum products tanker companies. In November, the company reported record net income of $113.4 million in the third quarter, compared with a net loss of $67.4 million a year earlier. Shipping revenues more than tripled year over year in the quarter to $236.8 million. International Seaways also announced a $1-per-share special dividend to be paid in December in addition to the stock's regular quarterly dividend of 12 cents per share. INSW stock is up 197.1% year to date.

9. PBF Energy Inc. (PBF). PBF Energy is an independent refiner that produces gasoline, diesel and other refined products. PBF has taken advantage of the favorable energy environment by significantly improving its balance sheet in recent quarters, reducing consolidated debt by more than $2.6 billion in the past 18 months. Diesel prices are up 42% in 2022, while gasoline prices have increased by 8%. In October, PBF reported 78% revenue growth in the third quarter. PBF Energy shares are up 208% year to date.

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2022's 10 best-performing stocks:

  1. Target Hospitality Corp. (TH)
  2. Scorpio Tankers Inc. (STNG)
  3. Torm PLC (TRMD)
  4. Consol Energy Inc. (CEIX)
  5. Sigma Lithium Corp. (SGML)
  6. TransMedics Group Inc. (TMDX)
  7. Peabody Energy Corp. (BTU)
  8. Teekay Tankers Ltd. (TNK)
  9. PBF Energy Inc. (PBF)
  10. International Seaways Inc. (INSW)

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