These 3 Hot Stocks Have Beaten the Market by 28% to 52% In 2022
It's been a difficult year for investors, with the S&P 500 down nearly 20% on the year and many stocks in that index trading down much further. But there are also a select group of stocks in that index that are trading up in 2022 and, therefore, are massively ahead of the market. Moreover, in that select group of positive 2022 stocks are some with even more room to run.
Three of these select stocks are in the agricultural sector: Machinery company Deere (NYSE: DE), seed and crop protection company Corteva (NYSE: CTVA), and insecticide and herbicide producer FMC (NYSE: FMC). Deere is up nearly 13% year to date, Corteva is trading up a whopping 35% year to date and FMC is up 6.3%. Let's find out more about these three stocks and why they are attractive to investors right now.
This agricultural machinery company's stock is often seen as a cyclical play on the fortunes of the farming industry. The idea is that high crop prices usually result in more income for farmers and a greater willingness to invest in upgrading machinery. That argument still stands, but over the years, Deere has added another growth arrow to its quiver.
Source Fool.com
