In the first quarter of 2022, all major stock indexes recorded their worst quarterly losses in two years. The stock market in the United States received some much-needed reprieve in March. During that month, the S&P 500 increased 3.6 percent, indicating some signs of recovery. After a recent sell-off, the S&P 500 has recovered. That isn’t to suggest the market has entirely recovered. Many experts are concerned that rising interest rates would push the US economy into recession. The conflict in Ukraine has caused economic damage, contributing to a worldwide recession. Stocks with good business fundamentals, inflation resistance, capacity for growth, and solid financial positions should likely be prioritized by investors. The Walt Disney Company and Micron Technology, Inc. are two of these companies.
Insider Monkey focused on US companies with solid business fundamentals and growth incentives to buy into in 2022. Eli Lilly and Corporation is a pharmaceutical company based in the United States. The firm, which was founded in 1876, is best known for its clinical depression medications Prozac and Cymbalta. The company reported $7.8 billion in revenue, up 14.76 percent year over year. Intuitive Surgical, Inc. recently announced financial results for the first quarter of 2022 that were better than predicted. The company’s revenue for the quarter was $1.49 billion, up 15.14 percent year over year. Johnson & Johnson is a New Jersey-based firm that produces medical devices, medicines, and consumer packaged goods. Tylenol, Stelara, and Invega, among other medical equipment, are among its main items. In the fourth quarter of 2021, 83 of the 924 elite hedge funds tracked by Insider Monkey were long Micron Technology, Inc., with bets totaling $5.5 billion. This is up from 63 funds in the previous quarter, which had stakes totaling $3.84 billion. During the first quarter of 2022, the Washington-based wireless network provider surpassed predictions for subscriber growth. The corporation is benefiting from its leadership in 5G wireless networks. T-Mobile US, Inc.’s price objective was lifted to $205 from $200 on April 28 by Benchmark analyst Matthew Harrigan. For more details, click 12 Best American Stocks To Buy In 2022.