Author: Geoffrey Ejiga
Are you looking for the best stock to buy in 2022? Picking the right stocks may be challenging when you have thousands to choose from.
This article will give you insights on stocks you should consider buying and why they are worthwhile in 2022.
Let’s get started.
Top 5 Stocks to Buy in 2022
Here are our top 5 stocks to pick in 2022:
1. Etsy
Etsy connects craft makers with people searching for things they usually can not find in regular e-commerce stores. Etsy is among the e-commerce stores that got a significant boost from the COVID-19 pandemic.
Etsy is among the few e-commerce stores that can compete with Amazon in a category and survive or even win.
When unique face masks were in demand during the pandemic, Etsy was a natural fit, and the company’s impressive growth spread across all its product categories. The sales volume of Etsy’s marketplace is 177% higher compared to the pre-pandemic period and has been stronger ever since. If you need a stock with great potential, you may think of Etsy Inc.
2. Pinterest
Pinterest is a social media platform that focuses more on ideas/things rather than people.
Presently, Pinterest is exploring the possibility of venturing into the e-commerce space. The idea seems like a welcome development because most Pinterest users are actively looking for product ideas and comparisons to buy. Pinterest has both the audience and the platform to execute this.
Analysts claim Pinterest makes advertising, product placement, and lead generation seamless for people who visit the website for ideas.
Pinterest has started testing a personalized shopping feeds feature, and they have also agreed to buy The Yes (a fashion shopping platform).
3. MercadoLibre
People have referred to MercadoLibre as the Amazon of Latin America because the company operates a big e-commerce marketplace in major nations in the region, including Argentina and Brazil.
However, MercadoLibre also operates Mercado Envios (a business lending platform), Mercado Pago (a fast-growing payments platform), and much more.
MercadoLibre may be the Amazon of Latin America, but also Square, Shopify, PayPal, and more in one. The company is still at an early stage of its growth, so now may be the right time to own its stocks.
4. Sea Limited
Sea Limited is a rapidly growing company that owns the massive Garena digital gaming platform.
But now, the company’s Shopee and Sea Money digital payments platforms are experiencing rapid growth.
In Q1 of 2022, Shopee’s revenue increased by 64% from the previous year. On the other hand, their newer Sea money platform grew by a whopping 360%.
Sea Limited owns Garena, Sea Money, and Shopee, three rapidly growing high-potential businesses that are becoming leaders within their home region and other markets worldwide.
5. Block
Block formerly called Square turned a niche payment processing hardware business into a mega financial ecosystem.
The company processed almost $178 billion on its platform in the last four quarters.
Block also owns Cash App with over 44 million active users. The software gives users the ability to make P2P money transfers, direct deposits, a place to trade stocks and Bitcoin, and much more.
Block offers many other financial services for merchants and individuals. But the company is expanding its ecosystem by buying Tidal (a music app) and Afterpay (a buy-now, pay-later platform).
Conclusion
Before you start investing in stocks, you should always do proper research on the business and understand how it can profit you. Also, it’s never a bad idea to consult a financial adviser before investing significant amounts of money in a stock. Block, Etsy, Pinterest, Sea Limited, MercadoLibre are some of the stocks you can consider buying because of their structure and development.