These 2 S&P 500 Stocks Have Doubled in 2022
Stock investors have gotten a harsh reminder in 2022 of what a typical bear market looks like. Major stock indexes have fallen sharply and stayed at depressed levels throughout the year. Heading into the last week of 2022, the S&P 500 (SNPINDEX: ^GSPC) is down 19% since the end of 2021. Many of the roughly 500 stocks that make up the index have seen losses that were far worse.
However, there are some stocks that have found ways to post gains in 2022, even in the midst of a bear market. In fact, two S&P 500 stocks are on track to double from their end-of-2021 levels if they can hold onto their gains in the final week of the year. Read on to learn how Occidental Petroleum (NYSE: OXY) and Constellation Energy (NASDAQ: CEG) put themselves in position to be the best performers in the S&P 500 this year.
Occidental Petroleum has been the best performer in the S&P 500 in 2022, with gains of more than 120%. The integrated oil and natural gas company has benefited from strong energy prices along with many of its peers, but Occidental has also gotten a big vote of confidence from one of the most successful long-term investors ever: Warren Buffett.
Source Fool.com
