August 16, 2022
Stock Market Analysts have listed a Few Stocks that may Prove Promising

Stock Market Analysts have listed a Few Stocks that may Prove Promising

Ever since cryptocurrencies came into being, they have been labeled as highly volatile. Among the rest of the people who criticized the volatility of cryptocurrencies, were the stock market gurus and investors. Now, the stock markets are finding themselves to be on the same page as cryptocurrencies.

Right from the beginning of 2022, the stock market industry has been facing a downtrend and it has mainly proven to be volatile. This has the majority of the investors thinking about where the stock markets would be in the future.

If you are also among the individuals worried about the volatility of stocks, then you have to listen to what the stock market analysts have to say.

Recently, analysts, claiming to be gurus in the stock market industry have named a few companies whose stocks are promising for investments. Let us have a look at these stocks and see how they are ought to prove promising for investments.

Apple

Despite all the headwinds Apple has to suffer, the tech company with more than a $2.5 trillion market valuation is as promising as it was at its peak.

Apple has the tendency of taking on every challenge with its head held high. This is the reason why it has become the largest tech company in the entire world and has retained this position for a significant amount of years.

Even the fact that it is the largest tech company in the world, hasn’t saved it from the supply chain issues being faced on a global scale. Apple does expect a loss of around $8 billion in its sales for the quarter ending in the month of June.

Other issues such as pulling out of sales in Russia due to the Russia-Ukraine conflict and macroeconomic downtrend are also weighing in on Apple.

Therefore, Apple’s stocks may take a negative hit. However, if you are aware of Apple’s resilience, then you’ll be quick to acquire its stocks when they are trading at a low price and hold them for a long time.

For Apple, it will only be a matter of time to recover from the losses and once again, become a highly profitable company for the investors.

Although Apple has lost 22% of its stock value in the year 2022, it still has the potential to recover at a significant rate.

NetApp

NetApp may not be on the same level as Apple but it is also very promising to invest in. The data management solutions provider is showing great ability in taking on challenges and displaying promising execution abilities.

It is yet another promising stock that you must keep on your tracking list and invest in it right away.

Bank of America

The Bank of America was no stranger to the stock price hiccups that have been recorded since the beginning of 2022. However, the rise in the inflation rates and the interest rates are going in favor of one of the largest banks in the United States.

Their stocks are to be on the watch list and you must invest in them if you are aiming to increase your gains. The interest and the inflation rates are not going down that easily. As long as they stick around, Bank of America will continue benefiting from it.

Leave a Reply

Your email address will not be published.