The markets might have taken a hit in late 2018 and early 2019, but don’t count out the long term potential of the stock market just yet. On the contrary, there are a number of promising investments that haven’t been given their due yet. From blue chips to small and mid cap firms, here are 10 stocks that blew in 2022.
Micron Technology, Inc. (NASDAQ: MU)
In early 2018, Micron Technology Inc. (NASDAQ: MU) saw its share price plunge after it released revenue figures below analysts’ expectations. The shares dropped to a 5-year low of $27.89 on February 7, 2018. This was after MU reported revenue of $5.32 billion for the first half of the year, as compared to analysts’ estimates of $5.42 billion. However, this was still a 16% jump over the same period last year. On July 29, Micron’s shares closed at $43.84, an increase of more than 34% from the low point. At the time of writing, MU’s share price is $52. This shows that investors have a good chance of making a small fortune from shares that blew in 2022.
Amazon.com, Inc. (NASDAQ: AMZN)
Amazon shares rose 25% in the last six months of 2018. To begin with, the Amazon market share in North America grew to 58.6%, as compared with Walmart’s 20.9% market share. This was thanks to increased sales across multiple products and services. Additionally, the online retailer’s revenue increased by 29.9% to $106 billion in the second quarter of the year. AMZN’s shares closed at $1,902.62, an increase of more than 33% from their starting price. Investors who bought shares at $1,662.77 in the year-end could make a killing.
3M Co., Ltd. (NYSE: MMM)
3M Co., Ltd. (NYSE: MMM) had a rough run in the last quarter of 2018. So, it’s no surprise that shares dropped more than 15% to a low of $57.90 in the week of December 28, 2018. Investors who bought shares at $66.52 in the year-end could make a killing. The stock rose more than 3% in the following week, and closed at $59.50. If you bought shares at the low, you could sell them at the current price and make a profit of $4.
ADT Corporation (NYSE: ADT)
ADT Corporation (NYSE: ADT) had a turbulent year in 2018. The shares went up and down, with a low of $56.16 on January 4, 2019, and a high of $93.20 on June 4, 2019. ADT’s year ended with a whimper, with the shares dipping to a low of $77.11 in late August. When you look at the current price of $92.79, it’s clear that investors are still willing to buy shares at the current price. ADT offers home automation solutions, including digital video recorders, door locks, and windows. This makes it a good choice for investors who want to diversify their portfolios with a technology-based stock.
Ansys, Inc. (NASDAQ: ANSS)
Ansys, Inc. (NASDAQ: ANSS) saw a severe decline in its share price in the year-end, falling more than 50% to $3.50. However, it’s still a good investment option, considering that the shares closed at an all-time high of $5.85 in December 2018. It’s a leading provider of software and services for engineering simulation and visualization. This business model has potential for growth, with increasing demand for engineering simulation services from industries such as automotive/aerospace, energy, infrastructure/construction, and health care. Ansys’s shares could rise again in the coming years, as the demand for simulation services increases. It’s a good option for investors who want to diversify their portfolio with a stock that could make a comeback soon.
AXS Transportations Holdings Corporation (NASDAQ: AXS)
AXS Transportations Holdings Corporation (NASDAQ: AXS) saw a significant decline in its share price in the year-end. The shares closed at a low of $6.80 on December 31, 2018, and have since risen to a price of $8.95. Although that’s a significant gain, it’s still an investment option with significant potential. AXS transports freight by ship, rail, truck, and air. With the growing demand for e-commerce, this company has the potential to grow significantly in the coming years. Investors who bought shares at a low price of $6.80 in the year-end can sell them now and make a profit of about $17.
Calgon Carbon Corp. (CCCO)
Calgon Carbon Corp. (CCCO) shares saw an increase of more than 30% in the year-end. The company’s shares traded at a low of $8.34 in January 2019, and have since risen to a price of $11.24 as of December 31, 2018. Calgon Carbon generates and sells carbon dioxide for use in oil and gas exploration and operation. This sector has been enjoying growing demand due to rising global oil prices and growing concerns about carbon emissions. This could be a good investment option for anyone looking for stocks that could make a comeback in the coming years.
Hain Celestial Group, Inc. (HAIN)
HAIN Celestial Group Inc. (NASDAQ: HAIN) saw a significant decline in its share price in the year-end. The company’s stock closed at a low of $46.10 on December 31, 2018, and has since risen to a price of $56.42 as of December 31, 2018. HAIN is a health and wellness food company that produces ingredients for ice cream, gummi candy, and other sweets. This industry has been experiencing increasing demand due to rising income levels, rising demand for healthy foods, and the growing popularity of organic foods. This stock is a good investment option for anyone looking for a stock that could make a comeback in the coming years.
Hasbro Inc. (HAS)
Hasbro Inc. (HAS) saw a significant decline in its share price in the year-end. The company’s stock closed at a low of $67.52 on December 31, 2018, and has since risen to a price of $77.85 as of December 31, 2018. This is a good investment option as it produces a variety of toys, games, and children’s books. This industry has been experiencing increasing demand due to growing consumer interest in toys and games, rising spending on gifts for children, and the growing popularity of electronic games. This is a good investment option for anyone looking for a stock that could make a comeback in the coming years.
Blue chips with strong fundamentals
These stocks are considered as blue chips as they have been around for a long time and are considered to be a reliable investment option. They are expected to deliver good long term returns. These include Cisco Systems Inc. (NASDAQ: CSCO), Pfizer Inc. (NYSE: PFE), Apple Inc. (NASDAQ: AAPL), and Philip Morris International Inc. (NYSE: PM). These stocks have been around for more than 50 years and are expected to continue delivering good returns over the long term.
