Best Stocks for 2022: After Two Quarters, Who Holds The Lead?
At the end of each year, InvestorPlace invites its analysts and writers to take a stab at picking one stock they think will do better than the rest during the next year. Nine analysts chose stocks this year , and our readers chose their favorite in an open poll. Of course, it’s impossible to talk about how everyone’s choices are stacking up without first addressing the elephant in the room, which is that very few stocks are actually doing well this year. The fact that any of our analysts managed to pick a stock that’s gone up in price this year is commendable. We’ve passed the halfway point of 2022, and multiple major indexes have slipped into bear market territory, with the SP 500 now down 20% and the Nasdaq down 28%. There have been plenty of headwinds for the market, from Russia’s invasion of Ukraine to the Federal Reserve raising interest rates, and it has had cascading effects for everyone, not just those buying stocks. From gas prices to rent prices, it seems nothing is immune — except, perhaps, for the Costco (NASDAQ: COST ) hot dog, thank goodness .
Best Stocks for 2022: After Two Quarters, Who Holds The Lead?
At the end of each year, InvestorPlace invites its analysts and writers to take a stab at picking one stock they think will do better than the rest during the next year. Nine analysts chose stocks this year , and our readers chose their favorite in an open poll. Of course, it’s impossible to talk about how everyone’s choices are stacking up without first addressing the elephant in the room, which is that very few stocks are actually doing well this year. The fact that any of our analysts managed to pick a stock that’s gone up in price this year is commendable. We’ve passed the halfway point of 2022, and multiple major indexes have slipped into bear market territory, with the SP 500 now down 20% and the Nasdaq down 28%. There have been plenty of headwinds for the market, from Russia’s invasion of Ukraine to the Federal Reserve raising interest rates, and it has had cascading effects for everyone, not just those buying stocks. From gas prices to rent prices, it seems nothing is immune — except, perhaps, for the Costco (NASDAQ: COST ) hot dog, thank goodness .