The Federal Reserve of the United States has increased interest rates for the first time in nearly four years. Six more rate hikes could be on the way, according to the central bank. It also soothes a tumultuous stock market that has seen a major shift from growth to value in recent months. Five large tech companies continue to dominate the S&P 500. Investors are seeking for dependable performers in the technology sector. Apple, Verizon, and VZ are among the top Roth IRA stocks to buy in 2022, according to hedge funds.
Insider Monkey highlights the 10 best Roth IRA stocks to buy in 2022. Cardinal Capital holds 1.6 million shares in BWX Technologies, Inc. valued at more than $79 million, making it the company’s largest shareholder. The stock gets a Buy recommendation from Bank of America analyst Ronald Epstein, with a price objective of $65. IBM is a multinational corporation that delivers integrated solutions and services. In the cloud, artificial intelligence, and software areas, the corporation has increased spending. In the next decade or two, this will expand the firm’s reach in high-growth areas. Hedge funds have started buying the stock in large quantities. 53 hedge funds had $1.7 billion in Ford Motor Company at the end of the fourth quarter of 2021. The analyst recently praised the company’s intentions to reorganize into two independent business segments. Adobe Inc. is a software corporation with a wide range of products. Brent Thill of Jefferies has a Buy rating on the stock and a $550 price target. The organization can take advantage of its position as a top provider of creative software services. NVIDIA Corporation is a semiconductor manufacturer and retailer. Hedge funds have started buying the stock in droves. The corporation plans to profit from increased chip prices. Vijay Rakesh of Mizuho has a Buy rating on the company and a $345 price objective. For more details, click the 10 Best Roth Ira Stocks To Buy In 2022.