Home » Top 10 Wall Street Stocks of 2022, All Over + 100% (Including Warren Buffett’s Latest Flame)

Top 10 Wall Street Stocks of 2022, All Over + 100% (Including Warren Buffett’s Latest Flame)

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Top 10 Wall Street Stocks of 2022, All Over + 100% (Including Warren Buffett’s Latest Flame)

curated by Silvia Vianello

Although the stock market got off to a rough start in 2022, the luck of those who know how to operate in the market is to always be able to find good investment opportunities. And which US stocks have so far brought the best results?

Fears of persistently high inflation, the Federal Reserve’s aggressive interest rate hikes and the geopolitical conflict between Russia and Ukraine have also skyrocketed some stocks and given interesting gains to those who have been able to seize these opportunities that emerged from the context. where we are.

Fortunately for investors, whenever there are bear markets there are also always stocks bucking the bearish trend.

In today’s list (elaboration of the list by www.mytradingway.it) we have selected the best performing stocks among the companies that operate on the main US stock exchanges and have a market capitalization of at least $ 1 billion. These stocks include several oil and gas stocks that benefited from the surge in energy prices and healthcare stocks with unique bullish catalysts.

The 10 best performing YTD stocks

1) NexTier Oilfield Solutions Inc. (NEX): +207%

2) Alpha Metallurgical Resources Inc. (AMR): +164,9%

3) Scorpio Tankers Inc. (STNG): +158%

4) PBF Energy Inc. (PBF): +155,9%

5) Sierra Oncology Inc. (SRRA): +151,9%

6) Antero Resources Corp. (AR): +145%

7) Nutex Health Inc. (NUTX): +142,2%

8) Occidental Petroleum Corp. (OXY): +139%

9) Comstock Resources Inc. (CRK): +138,6%

10) Tidewater Inc. (TDW): +137,6%

(Source www.mytradingway.it, the yields indicated are up to 31 May and include the dividends paid)

What are these companies doing that have had these astounding results?

1) On the podium we find NEX. Like other energy stocks, energy services firm NexTier Oilfield Solutions benefited from rising oil and gas prices in 2022. In early January, the stock was up more than 20%. In April, NextTier posted revenue of $ 635 million in the first quarter, the fourth consecutive quarter with sequential growth of at least 25%. NEX shares have risen 207% year to date.

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2) Alpha Metallurgical Resources is a coal miner, operating on coal, based in Tennessee. Clean energy is the biggest long-term growth trend in the energy sector, but coal prices have risen along with oil and gas prices so far in 2022 as the world pushes to fight energy shortages by any means. necessary, including coal. Over the past year, coal prices have risen by nearly 251%, significantly more than the 69% increase in crude oil prices and the 169% increase in natural gas prices. In March, Alpha reported first quarter revenue growth of 177.5% and net profit growth of 1,317.4%. This impressive growth has pushed AMR shares up 164.9% year to date.

3) Last on the podium is Scorpio Tankers, company that operates a fleet of ocean-going tankers that transport refined petroleum products around the world. Again a rise due in some way to the situation, in fact oil tanker tariffs increased when Russia invaded Ukraine and this company plans to take advantage of this by reducing its debt by $ 513 million in the first half of 2022 The company estimates that high tariffs for the oil tankers could potentially help the company generate $ 450 million in pro forma cash by the end of the second quarter. Revenues increased 29.7% in the first quarter. Booming demand for refined products, supply chain disruptions and historically low inventories will continue to support tanker tariffs. STNG shares have risen 158% since the beginning of the year.

4) PBF Energy is an independent refinery that produces gasoline, diesel and other refined products. PBF has taken advantage of the favorable energy environment to significantly improve its balance sheet over the past few quarters. In April, PBF reported revenue growth of 85.6% in the first quarter. PBF Energy shares have risen 155.9% since the beginning of the year.

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5) Sierra Oncology is a biopharmaceutical company. Sierra shares were up about 38% in early April when GSK PLC (GSK) announced the acquisition of $ 1.9 billion Sierra at a price of $ 55 per share. GSK, already a leader in hematology, expects sales of the company’s drug momotinib to start in 2023 and potentially grow significantly from there. The announcement of the acquisition was enough to push Sierra’s year-to-date stock earnings to 151.9%, making it one of the best performers of 2022.

6) Antero Resources is an independent North American oil and gas exploration and production company focused primarily on natural gas development. Like other energy companies, Antero has leveraged the cash flow it is generating from high gas prices. In the first quarter, the company posted an adjusted net profit of $ 360 million, repurchased $ 100 million of stock, and redeemed all $ 585 million of its outstanding senior notes maturing in 2025. Antero’s shares have increased by 145% since the beginning of the year.

7) Nutex Health is a technology-enabled healthcare company. In April, Nutex merged with health management company Clinigence, which previously operated the over-the-counter market under the ticker CLNH. The combined company adopted the Nutex name, changed its stock to NUTX, and listed its shares on Nasdaq on April 4. The stock skyrocketed from under $ 4 on the OTC market to a high of $ 52.80 in early April following the uplisting announcement. Since that initial surge, the stock has fallen back to under $ 10, but is still up 142.2% in 2022.

8) Occidental Petroleum is a US oil and gas company, the only large-cap stock in the top 10 market stocks of 2022. In addition to benefiting from rising oil prices, Occidental earned a large vote of confidence from one of the largest investors in the Wall Street with Warren Buffett’s Berkshire Hathaway Inc. buying 143 million shares of Occidental in 2022, a position worth approximately $ 9.9 billion. Not only does Warren Buffett own an approximately 15% stake in Occidental, Berkshire also holds warrants to purchase nearly 84 million more shares. OXY shares have risen 139% from the start of the year.

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9) Comstock Resources is a natural gas exploration and production company. Spot natural gas prices have risen 169% over the past year. In May, Comstock reported revenue growth of 54.1% and operating cash flow growth of 44% in the first quarter. Comstock also recently redeemed $ 244.4 million of senior stock at 7.5% maturing in 2025. As gas prices have continued to rise over the past few weeks, Comstock shares have risen 138.6% year to date. .

10) Tidewater is an oil and gas services company specializing in offshore energy transportation and support. Like other oil and gas stocks, Tidewater has benefited from the surge in energy prices, especially since Russia invaded Ukraine. In May, Tidewater posted revenue growth of 26.6% in the first quarter. Net losses also shrank to $ 11.7 million, down from $ 35.2 million a year ago. Shares in Tidewater are up 137.6% year to date.

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