Growth Stocks To Buy And Watch In 2022
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This year’s bear market has mauled many companies, particularly once-highflying tech and growth stocks like Nvidia (NVDA) and Meta Platforms (META). The resulting sector rotation has put energy stocks and chemicals in the spotlight.
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This stock screen highlights 26 companies expecting at least 100% earnings growth in 2022 or their current fiscal year.
While oil stocks and others from the energy sector dominate the list, financial services holding company Ambac Financial (AMBC) leads the stock screen with estimates calling for 1,220% growth this year.
Topping the energy names, Wall Street expects HF Sinclair (DINO) and Valero Energy (VLO) to both pump out more than 800% EPS growth this year.
Other oil and gas stocks with big estimates include Murphy Oil (MUR), Occidental Petroleum (OXY), Phillips 66 (PSX), Hess (HES) and Comstock Resources (CRK), just to name a few.
Pinduoduo (PDD), one of the best Chinese stocks to buy and watch, also makes the list. As PDD stock continues to recover from its March lows, analysts expect the internet retailer to deliver 153% earnings growth this year.
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Growth Stocks To Watch: Top Funds Fill Pipeline With Oil
The latest list of new buys by the best mutual funds, updated monthly, clearly shows the demand for oil stocks among large investors this year.
It’s no coincidence that the latest buys by top-performing money managers showcase many of the names on this top earnings growth screen that have triple-digit EPS growth estimates for this year.
On both lists you’ll find several energy stocks, including HF Sinclair, Valero Energy, Hess and TotalEnergies (TTE).
Outside of the energy sector, packing leader Graphic Packaging (GPK) and biotech Genmab (GMAB) also land a spot on both screens.
Top Growth Stocks Of 2022
Created in MarketSmith, this stock screen highlights top growth stocks expecting a 100%-1,220% EPS increase in 2022 or their current fiscal year.
But note that earnings growth is just one part of the equation for how to make money in stocks. To balance your risk/reward ratio, be sure to take into account other factors such as overall market direction and technical analysis.
Data as of Dec. 21, 2022
| Company | Symbol | EPS Est Cur Yr % | Comp Rating | EPS Rating | RS Rating | SMR Rating |
|---|---|---|---|---|---|---|
| Ambac Financial | AMBC | 1220 | 97 | 80 | 97 | B |
| HF Sinclair | DINO | 882 | 96 | 81 | 93 | C |
| Valero Energy | VLO | 878 | 97 | 82 | 96 | C |
| Murphy Oil | MUR | 360 | 99 | 81 | 94 | B |
| Occidental Petroleum | OXY | 289 | 99 | 81 | 95 | A |
| Hess | HES | 246 | 99 | 82 | 97 | A |
| Phillips 66 | PSX | 241 | 99 | 80 | 95 | B |
| Comstock Resources | CRK | 211 | 96 | 99 | 91 | A |
| Warrior Met Coal | HCC | 201 | 98 | 80 | 93 | A |
| Viper Energy | VNOM | 200 | 96 | 80 | 90 | A |
| Permian Resources | PR | 195 | 97 | 80 | 95 | A |
| Marathon Oil | MRO | 194 | 96 | 81 | 94 | A |
| Denbury | DEN | 187 | 98 | 99 | 91 | A |
| Brigham Minerals | MNRL | 176 | 98 | 80 | 96 | A |
| DCP Midstream | DCP | 173 | 98 | 80 | 93 | B |
| Exxon Mobil | XOM | 157 | 98 | 80 | 96 | A |
| Pinduoduo | PDD | 153 | 99 | 80 | 98 | A |
| Matador Resources | MTDR | 150 | 98 | 98 | 90 | A |
| BP | BP | 134 | 97 | 80 | 92 | A |
| Equinor | EQNR | 129 | 97 | 94 | 88 | A |
| Diamondback Energy | FANG | 121 | 97 | 96 | 86 | A |
| Northern Oil & Gas | NOG | 117 | 98 | 92 | 92 | A |
| Shell | SHEL | 115 | 96 | 84 | 89 | B |
| TotalEnergies | TTE | 110 | 98 | 91 | 94 | A |
| Genmab | GMAB | 101 | 99 | 98 | 95 | A |
| Graphic Packaging | GPK | 100 | 96 | 98 | 85 | B |
Follow Matthew Galgani on Twitter at @IBD_MGalgani.
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