Growth stocks have been top market performers for many years now. The Nasdaq-100 index, in fact, hasn’t had a single down year since the Great Recession in 2008. And 2021 delivered another solid year, at least for investors that heavily allocated to large tech companies. Beneath the surface, however, cracks in growth stocks began to appear. Many smaller and unprofitable software companies suffered tremendous losses in the back half of 2021.
Everyone is looking to invest in multibagger stocks amid rising inflation and economic uncertainty. Market research suggests that over 15 million Americans used trading apps actively during the COVID-19 pandemic, most of them being young, amateur traders. The hyperactivity of retail investors has also been observed in Europe, India, and the Philippines, with buyers increasing their trading volume by two times the normal activity.
In 2020, US retail investors surpassed renowned corporations as the majority stakeholders in companies. The market speculated that the retail investors’ craze would subside when meme stocks like Robinhood Markets, Inc. (NASDAQ: HOOD) and GameStop Corp. (NYSE: GME) would stop getting hyped up by the media and eventually die down, but the trading activity of new investors has only skyrocketed.
Since the coronavirus bear market, stocks rebounded powerfully. The strong action reflected rising confidence that the economy will eventually recover from the coronavirus.
Worries around Covid rose with the emergence of the omicron variant, but there are hopes that this coronavirus strain tends to result in mild cases.
The Federal Reserve recently held its final meeting of the year. Stocks traded choppily after the central bank moved to speed up tapering and offer more clarity on when it will increase interest rates. Stocks made good progress heading into the Christmas holiday as the Santa rally got underway.
Top 10 Stocks To Buy Right Now
It needs to be made abundantly clear: There is no such thing as a perfect stock. Stocks for beginners and veterans will all be different. Even today’s best performers aren’t guaranteed tomorrow. The Coronavirus has simultaneously crippled some of the most famous names across several sectors while catapulting new IPOs (initial public offerings) to the forefront of the recovery.
All things considered, now is an interesting time for the stock market. Quality companies have been undervalued while unprofitable, new entrants to Wall Street are extremely overvalued; there’s no making sense of a lot of what’s going on. That said, some stocks have managed to navigate the pandemic better than the rest of their counterparts.
Again, there’s no such thing as a perfect stock. However, these are some of the best-looking companies as of January 2022:
DocuSign, Inc. (NASDAQ: DOCU)
Coinbase Global, Inc. (NASDAQ: COIN)
Twilio Inc. (NYSE: TWLO)
The Walt Disney Company (NYSE: DIS)
DigitalOcean Holdings, Inc. (NYSE: DOCN)
NVIDIA Corporation (NASDAQ: NVDA)
Upstart Holdings, Inc. (NASDAQ: UPST)
CrowdStrike Holdings, Inc. (NASDAQ: CRWD)
The Trade Desk, Inc. (NASDAQ: TTD)
Unity Software Inc. (NYSE: U)
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