If I Could Only Buy 3 Stocks in 2022, I'd Pick These
With the uncertain economic environment and the S&P 500 down 13% from its all-time high set in January, investors are playing it safe by keeping cash on the sidelines. But when things look scary, like they do now, it could be the best time to put money to work in the market. There are still outstanding investments out there if one knows what to seek out.
If I could buy just three stocks this year, they'd be Five Below (NASDAQ: FIVE), Home Depot (NYSE: HD), and Lululemon (NASDAQ: LULU). These companies are performing well, and they deserve consideration from investors.
Selling a broad assortment of goods ranging from clothing and tech gadgets to beauty products and toys, primarily below $5, Five Below has found remarkable success by catering to the discount-focused niche of the broader retail sector. Sales in the latest quarter (ended April 30) increased 7% year over year to $639.6 million. Although this was a huge slowdown from previous quarters, it was still on top of a nearly 200% revenue surge in the year-ago period.
Source Fool.com
