Supply chain problems and increasing inflation have dampened the euphoria around the global economic recovery. According to Moody, advanced economies would grow at a 4.4 percent annual rate in 2022. Most economists expect growth to decline to 4.2 percent next year. In commodity markets, a broad price adjustment is already begun. Consumer spending and industrial production are also on the rise, albeit with a few hiccups. The chances for development in the Eurozone are improving, and the Chinese economy is improving. Some of the more cost-effective growth stocks with long-term potential.
Here is Insider Monkey’s list of the 10 best growth stocks for 2022. Progyny, Inc. specializes in fertility and family planning. Over the last few years, the company has built a strong relationship with doctors. It appears that increasing consultations will benefit it as delayed motherhood and egg freezing grow more frequently. RAPT Therapeutics is a biopharmaceutical company focused on the clinical development of oral molecular therapeutics. RPT193, a drug in development to treat atopic dermatitis, recently achieved positive topline results from a clinical trial. YETI Holdings, Inc. is a company that manufactures and sells recreational products. The stock has risen 34 percent in the last two years, surpassing the S&P 500 by 11 percentage points. Revenue growth in the double digits is expected to continue next year, according to analysts. Inari Medical, Inc. recently beat market forecasts by $0.01 and $9.8 million, respectively, on profits per share and revenue. The company was created in 2011 and has a market capitalization of $4 billion. Trex Company, Inc. is a building materials company. Trex Company’s stock was recently upgraded to Overweight by analyst Trey Grooms. With 493,000 shares worth more than $50 million, Montanaro Asset Management is a major shareholder. For more details, click 10 Best Growth Stocks For 2022.
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