Investing hard-earned money in the stock market is one of its most appealing aspects. The value of the invested funds can significantly increase over time or even in a short period. The term “returns” is often used to describe this increase in value. An index’s long-term growth in value, such as the S&P 500, is often used to gauge a stock’s price appreciation. It’s not uncommon for newer companies to outperform the index simply because of the mathematics involved.
Here is Insider Monkey’s list of the 10 growth stocks for 2022. Diagnostics firm Viavi Solutions Inc. works with telecommunications providers to help them improve their services and identify errors in their infrastructure. It was in January 2022 that JPMorgan upgraded its price target for the company from $19 to $18. United Microelectronics Corporation is one of the world’s leading semiconductor manufacturers. Known as contract chip manufacturing, it involves chip foundries making chips for customers rather than for themselves. Renaissance Technologies, owned by Jim Simons, is the company’s largest shareholder, with 7.3 million shares valued at $83 million. Dropbox, Inc. is a digital collaboration platform that aims to facilitate remote collaboration between customers and enterprise users. Jim Simons’ Renaissance Technologies owns 9.5 million shares worth $280 million, making them the company’s largest shareholder. Located in the heart of one of the world’s most rapidly expanding markets, Lithium Americas Corp. is a lithium mining company. Battery packs for electric vehicles are made using the company’s lithium-based products. Nokia is at the forefront of the 5G telecommunications revolution. To keep up with the smartphone revolution, a company was struggling. Shares of Nokia were valued at $7.5 in December 2021 by Morgan Stanley because the company is developing strong product strategies for 5G equipment. For more details, click 10 Growth Stocks For 2022.
