Published on 25 Dec 2022 on TipRanks via Yahoo Finance
We’re down to the wire now, in the final week of 2022, as the days count down, and it’s time to find the last good stock buys for the year. While the bearish trend of the past year has made cheerful holiday stock shopping more difficult this time around, there are still enough sound stocking-stuffers out there.
To start with, even though the main market indexes are down, that doesn’t mean that every individual stock is down. It’s important to remember here that the indexes are averages, put together using a selected cross-section of the market. While they give a good representation of the macro picture – the S&P 500 is down roughly 19% this year – they can’t drill down to show the finer details.
And the finer details show that there are sound stocks that have delivered some decent returns despite the bear. That’s news to bring some holiday cheer to your portfolio. Dipping into the TipRanks data, we’ve found three stocks boasting more upside potential and Strong Buy consensus ratings while leach one has that proven record of outperformance in a troubled time. Here are the details, along with comments from the Street’s analysts.