Top 10 Stocks of 2022

Stocks
11.05.2023
10 548 4

2022 was a difficult year: world economic problems caused by the mistakes of the monetary policy of the Central Banks, money printing, inflation, geopolitics, and recession risks… These are just a few of the problems we faced this year. Despite all of these circumstances, there were companies that showed excellent results and pleased smart investors with growth.

Below are the results for each sector in 2022.

Most of the companies on the list are representatives of the oil industry, but we diversified the rating by placing companies from other industries which showed maximum growth this year. Stocks with a capitalization of at least $5 billion and an average trading volume of 2 million per day were taken into account. Also, the average ROI, ROA, and ROЕ exceeded 10%, volatility was at a 4-5% level, and ATR was above 2.50 points.

Companies with lower performance are not of interest to large institutional investors. Short squeezes were also not taken into account; after all, the price deflated too quickly, and the majority of investors simply did not have enough time to take profits from such transactions.

Top 10 Stocks of 2022

ConocoPhillips (COP) +78%

ConocoPhillips opens the list. This company is engaged in the exploration, production, transportation, and sale of crude oil, bitumen, natural gas, and liquefied natural gas around the world. ConocoPhillips was founded in 1917 and is headquartered in Houston, Texas. This year, COP shares are up more than 78%. The company’s capitalization is $157.66 billion. At the time of writing, the price is breaking through its highs.

Exxon Mobil Corporation (XOM) +80%

Exxon Mobil Corporation is another representative of the oil industry, dedicated to the exploration and production of crude oil and natural gas in the United States and abroad. As of December 31, 2021, it had approximately 20,528 operating wells. The company was founded in 1870 and is headquartered in Irving, Texas. Its capitalization is $438.38 billion. 

CF Industries Holdings Inc. (CF) +88%

CF Industries Holdings Inc. manufactures and markets hydrogen and nitrogen products for energy, fertilizing, emission reduction, and other industrial activities around the world. The company’s main products include anhydrous ammonia, granulated urea, urea, ammonium nitrate, and ammonium nitrate products. The company was founded in 1946 and is headquartered in Deerfield, Illinois. The capitalization of the company is $20.41 billion.

APA Corporation (APA) +92%

APA Corporation, through its subsidiaries, is engaged in the exploration, development, and production of oil and gas. The company has operations in the US, Egypt, and the UK, as well as an offshore exploration in Suriname. APA Corporation was founded in 1954 and is based in Houston, Texas. The capitalization of the company is $14.46 billion.

Hess Corporation (HES) +100%

Hess Corporation is a company engaged in the exploration, production, purchase, transportation, and sale of crude oil, liquefied natural gas, and natural gas. The company was incorporated in 1920 and is headquartered in New York, NY. The capitalization of the company is $42.29 billion.

First Solar Inc. (FSLR) +140%

First Solar Inc. provides photovoltaic (PV) solar energy solutions in the US, Japan, France, Canada, India, Australia, and the rest of the world. The company develops, manufactures, and markets cadmium telluride solar modules that convert sunlight into electricity. First Solar Inc. was founded in 1999 and is headquartered in Tempe, Arizona. The company’s capitalization is $13.56 billion. It gained popularity after the election of the new US President Joe Biden; after all, he actively promotes alternative sources of electricity.

Occidental Petroleum Corporation (OXY) +170%

Occidental Petroleum Corporation, together with its subsidiaries, is engaged in the acquisition, exploration, and development of oil and gas fields in the United States, the Middle East, Africa, and Latin America. The company was founded in 1920 and is headquartered in Houston, Texas. After Warren Buffett’s investment, many investors took notice of these stocks and started adding them to their portfolios. The capitalization of OXY is $65.27 billion.

EQT Corporation (EQT) +172%

EQT Corporation operates as a natural gas company in the United States. The company produces natural gas, liquefied natural gas, including ethane, propane, isobutane, butane, and natural gasoline. The company was founded in 1878 and is headquartered in Pittsburgh, Pennsylvania. The capitalization of EQT is $15.50 billion.

Enphase Energy Inc. (ENPH) +187%

Enphase Energy Inc. designs develops, manufactures, and markets home solutions for the solar photovoltaic industry in the US and internationally with its subsidiaries. Enphase Energy, Inc. was incorporated in 2006 and is headquartered in Fremont, California. Its stocks, just like with FSLR, gained popularity after the election of President Joe Biden. The capitalization of ENPH is $38.33 billion.

Lantheus Holdings Inc. (LNTH) +268%

The undisputed leader this year was LNTH, with an impressive 268% growth in 2022.

Lantheus Holdings Inc. develops, manufactures, and markets diagnostic and therapeutic products that assist clinicians worldwide in the diagnosis and treatment of cardiovascular, oncological, and other diseases. The company was founded in 1956 and is headquartered in North Billerica, Massachusetts. The capitalization of LNTH is $5.17 billion, but this did not stop the relatively small company from showing the best result in all the shares mentioned above.

Conclusion

As you can see, more than half of the stocks on the list belong to the oil sector. There are many reasons for this, from geopolitics to economic circumstances. However, the leaders were not among the oil business – they were new and useful technologies. It is pleasantly surprising that investors appreciate the prospects for the development of new technologies in various fields, and do not dwell on old and proven methods. Don’t expect these stocks to repeat their success in 2023. Market variables change very quickly, and a sector that was not among the best-selling in 2022 may outperform all others in 2023.

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