6 Momentum Stocks to Buy in 2022
The momentum stocks below might have a long way to run. Their stock charts look good, and the trend is your friend. Buying into a few of these stocks could show some solid gains ahead.
Investors are piling into many of these companies for different reasons. They also come from various industries and provide some diversification. I’ll cover some of the key trends with each trending stock below.
Top Momentum Stocks to Buy Now
- Albemarle (NYSE: ALB)
- Marathon Oil Corporation (NYSE: MRO)
- Deere & Company (NYSE: DE)
- Align Technology (Nasdaq: ALGN)
- Expedia Group (Nasdaq: EXPE)
- Pfizer Inc. (NYSE: PFE)
Traders have bid up these companies’ share prices. There’s a lot of momentum pushing them higher. And it doesn’t appear to be slowing down.
These investing opportunities have great growth potential. There’s lots of short-term pressure, and long-term, company growth looks good as well. Let’s dig into the trends and some company highlights.
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Trends Pushing These Momentum Stocks Higher
Albemarle is one of the largest suppliers of lithium for electric vehicle (EV) batteries. It’s based in North Carolina, and it has three major divisions. These comprise lithium, bromine specialties and catalysts. Albemarle is well-positioned to benefit from a huge trend…
More EVs are showing up on our roads. The IEA estimates that total global EV sales topped 6 million in 2021. That’s up a whopping 100% from last year, and the trend isn’t slowing down.
New green energy incentives are on the horizon. Battery technology is improving, and lithium demand is growing. As a result, Albemarle has a lot of momentum going forward. The share price dipped earlier this year but is back on the rise as the EV trend continues to rise. Check out these EV charging station stocks for more investing opportunities.
Marathon Oil Corporation is bouncing back as fuel demand and prices increase. It is well engrained in the history of US oil companies. It has taken on many names over the years but has found ways to survive for over 130 years.
Marathon suffered in 2020 due to decreased demand but is gaining back momentum. It is benefiting from rising oil prices, which are driving higher sales. A combination of strong cost structure and high prices leaves it in a good position to use this momentum. Even in the wake of the EV and green energy trend, this stock has risen steadily this year and could continue to in the future.
Deere & Company designs and builds a wide range of agricultural equipment. This company has a long history dating back to 1837. And to survive, it’s continued to adapt and evolve with the market. Many of its new products focus on automation to assist farmers.
More recently, Deere & Company has been benefiting from higher commodity prices. As crop prices climb, farmers see higher sales. This gives them the ability to buy better farming equipment. And with the ongoing loose U.S. monetary policy, commodity prices will likely continue to climb.
Align Technology’s Invisalign is a growing name in orthodontics. This is a brand of clear aligners to help straighten teeth. The company also manufactures 3D digital scanners for dental practices. This is a unique momentum stock to consider buying.
With the pandemic, many people delayed elective procedures. That included many dentist visits. Now that more people are returning to a somewhat normal life, they’re back to routine doctors visits and socializing. As a result, Align Technology is seeing increased demand for its products.
Expedia Group is starting to see more business as traveling picks up. The pandemic and lockdowns hit this company hard. Its share price tanked toward the start of last year, but it’s climbed since and still has plenty of momentum behind it.
More vacations are starting to pop up on calendars. Many people are trying to make up for lost travel plans. Expedia Group has a large list of brands that will benefit. Some of these brands include Expedia, Hotels.com, Vrbo, Travelocity, Orbitz, CheapTickets and Trivago.
Pfizer is becoming a household name in the wake of the pandemic. While many companies were negatively affected by the pandemic, Pfizer’s role in vaccine development had positive effects on the company.
Even though the initial wave of vaccines are over, it now seems that boosters will be necessary going forward. And this is an opportunity for strong financial results. Few companies have gained more brand recognition since the pandemic, setting it up with strong momentum for the future.
Top Investing Opportunities
The stock market is always moving, and the trends above have momentum. Buying into a few of these momentum stocks might show some big gains ahead. Although, it’s always important to consider risk relative to reward.
To find even better investing opportunities, consider signing up for Liberty Through Wealth. It’s a free e-letter that’s packed with investing tips and tricks. The expert behind it, Alexander Green, has been following and recommending momentum stocks for more than three decades. He says…
Momentum stocks have been – and will continue to be – the area of the market that offers traders and investors the highest potential returns.
To say the least, it’s been a profitable endeavor. So feel free to sign up and find out for yourself. There are lots of investing opportunities beyond momentum stocks as well…