Best Stocks to Buy Today? This has been one of the trending questions on google. Determining the best stocks to buy without using a time-tested strategy can be very difficult.
You might have the money to invest, but for you to find the right stock to invest in, it becomes a very big task. So to make it easier for you, this post will be guiding you on the best stocks to invest in this 2022.
Best Stocks to Buy Today – The Best Stocks to Buy for 2022
The best stocks to buy now are directly related to the decision to increase interest rates. However, the higher-rate environment won’t treat every company the same. That is to say, the economy of the economy will definitely serve as a catalyst for some companies and an obstacle for many more.
Furthermore, there are lots of stocks trading on the NYSE and Nasdaq. So how can I know the best stock to trade on? To find the very best stocks right now to generate massive benefits, The CAN SLIM system offers clear guidelines on what you should be looking for.
IBD CAM Slim System on Best Stock to Buy Now
If you want to start investing, try to invest in stocks with recent quarterly and yearly earnings growth of at least 25%. Go for companies that offer new, trendy, game-changing products and services.
The IBD’s CAN SLIM Investing System currently has a proven track record of significantly outperforming the S&P 500. So, the key to generating exceptional returns over the long term is to Outdo this industry benchmark.
Also, remember to always keep an eye on the supply and demand for the stock itself. Your main focus should be on leading stocks in top industry groups and aim for stocks with powerful institutional support.
Always invest when the stock market is in a confirmed uptrend and move to cash when the stock market goes into a correction.
A stock market rally that began in 2022 soon fell on its face, which result in a return to the market in correction status. The S&P 500, the Nasdaq and the Dow Jones company’s Average could soon test 52-week lows once again.
So, as the market went back in a correction investors should avoid buying stocks altogether. With this, investors must start raising cash. This is the best time to find quality stocks to add to one’s watchlist.
What are the Best Stocks to Buy Or Watch In 2022?
The names of stocks listed below are good candidates, although, there is still significant headline risk. Inflation is currently the major problem while the Russia-Ukraine conflict also proved its ability to shake the market. However, due to this, you should have in mind that things can quickly change when it comes to the stock market.
List of Best Stocks to Buy
Below is a list of the best stocks to buy now;
- The Chevron Stock
- WWE Stock
- ON Semiconductor
- Northrop Grumman
- Baker Hughes stock
Chevron stock is beneath its buy zone from a 174.86 flat-base entry. Shares have traded tightly in the past weeks. And normally, a stock’s relative strength line should be at or near a new high when a stock breaks out.
After a successful breakout last year October, Chevron stock moved to new highs. Shares have held above their 50-day moving average since the breakout and the majority of the time as they formed their latest base. So, the company’s stock still maintains a near-perfect Relative Strength Rating of 97.
World Wrestling Entertainment (WWE) stock is also at the top of its buy zone from a still-valid flat-base entry of 63.81. It created an enormous cup with a handle base, this alone offers a higher potential entry of 68.82.
The WWE industry is one of the strongest performers among growth stocks lately. Its bases are first-stage patterns, which means they are more likely to result in more benefits. However, its relative strength line is at highs and has been gaining ground since January.
ON Semiconductor Stock
ON shares are building a smaller cup base within a larger consolidation. Thus, another interpretation is a double bottom that spans back to early January. And the buy point for either pattern is 68.80, on a daily chart. While on a weekly chart, a 67.29 buy point.
However, the stock’s relative strength line is near new highs. This is a bullish indicator. Both the stock market and earnings performance are very strong. It is in the top 7% of stocks in terms of price performance over the past 12 months.
Northrop Grumman Stock
Northrop Grumman industry won a spot on the prestigious IBD Leaderboard list after it soared clear of a trend line within its handle. And its relative strength line has climbed to a two-year high, reinforcing its position as one of the current stock market leaders. It is up almost 19% so far in 2022.
The company fills in the role of a leader within a cyclical area of the market that had struggled as a laggard for years until Vladimir Putin’s Russia attacked Ukraine in February. Northrop also recently announced a 10% increase in its quarterly dividend, to $1.73. That makes 19 straight years of higher dividends.
Baker Hughes Stock
Baker Hughes company has formed a cup base with a 39.88 buy point. So, on a weekly chart, it has a handle with a lower 38.76 buy point.
However, its relative strength line is just below recent highs. Moving higher once again will be a positive indicator for a possible breakout. Further, Baker Hughes stock has increased by 27% since the start of 2022. And its earnings performance is also strong, which is reflected in its EPS Rating of 94 out of 99.
Other Stocks to Check Out also include
- Palo Alto Networks, Inc. (NASDAQ: PANW)
- Shopify Inc. (NYSE: SHOP)
- PayPal Holdings, Inc. (NASDAQ: PYPL)
- Roku, Inc. (NASDAQ: ROKU
- Netflix, Inc. (NASDAQ: NFLX)
- The Walt Disney Company (NYSE: DIS)
- CrowdStrike Holdings, Inc. (NASDAQ: CRWD)
- Airbnb, Inc. (NASDAQ: ABNB)
Which stock is Best to buy today?
The Chevron Stock
Baker Hughes stock
What Stock will rise most Today?
These are stocks that will likely rise today in India;
PNB Housing Finance
Mah & Mah Finl