2 Stocks I Bought for 2022
2022 has gotten off to a rocky start for investors. The SPDR S&P 500 ETF (NYSEMKT: SPY) and the Invesco QQQ Trust (NASDAQ: QQQ) -- which tracks the Nasdaq 100 index -- fell sharply in the year's first week. Thus far in week two, the major indexes have recovered somewhat, but they were still down for the year as of this writing.
The broad market indexes were at their all-time highs before this latest dip, yet many high-quality stocks were getting crushed long before 2022 began. In some cases, though, the businesses underlying those stocks were performing amazingly well -- creating a significant disparity between the share price and the business. Last week, I decided to capitalize on two such opportunities, adding to my positions in companies that I think will thrive over the next five years: PayPal (NASDAQ: PYPL) and Airbnb (NASDAQ: ABNB).
Image source: Getty Images.
Source Fool.com
