What are the best stocks to buy in December 2022? Are there any decent stocks to invest in this month? What are the best stocks to buy now? Read on and find out!
December is a good month to purchase stocks. Most shares are just bouncing off a dip that was triggered by interest rate fears and the war in Ukraine. But of course, you shouldn't just buy any old stock. There's plenty to consider. Ideally, you want a stock with high upside potential.
While the stock market did exceptionally well in 2021, it doesn't mean you should be any less cautious in your choices.
Never let yourself believe that prices can only ever go up! Crashes can happen when you least expect them!
Top 10 Stocks To Consider In December 2022
In this article, we’ll look at the top stocks for December 2022. Here’s a quick look at our list!
- SoFi Technologies Inc (SOFI)
- Salesforce.com (CRM)
- Intel (INTC)
- Ford (F)
- Dark Trace (DARK)
- NVIDIA Corporation (NVDA)
- Disney (DIS)
- Boeing (BA)
- Evofem Biosciences Inc (EVFM)
- BioNTech S.E. (BNTX)
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Best 10 Stocks To Consider In December 2022!
Here’s our list of stocks for this month.
1. SoFi Technologies Inc (SOFI) – Can a bank charter push SoFi to $8.13?
SoFi is a fintech company growing in popularity in the student loan and general consumer loans market. Its core services include refinancing student loans, auto loans, personal loans, and mortgages, among other loans.
Why could SoFi stock be a good investment for December 2022?
Recently, there have been investor concerns about SoFi's growth prospects. However, SoFi has quelled these concerns with its latest quarterly results. Revenues shot up by 50%, and operating profits were positive for the 8th quarter in a row.
Besides the growth in revenues, SoFi's customer numbers are also getting better. As per its Q2 2022 results, SoFi was able to loop in an extra 450k customers. For perspective, customer numbers are now up 69% from a year ago.
SoFi has also recorded growth from cross-selling its products. Per its Q2 results, customers managed to add over 702k product accounts, 79% increas of total products to nearly 6.6 million.
SoFi is also expected to start reaping the benefits of its recent charter of SoFi Bank. This means potentially higher revenues, which could also reflect in SoFi stock price, making it a good stock to buy for December.
Why could SoFi stock be risky for December 2022?
SoFi is a growth stock, a category of stocks that tend to be more volatile than the broader market. While this is usually a good thing in bull markets, growth stocks pose a greater risk in uncertain times.
There are lots of factors that have led investors to a more cautious approach to the markets in December.
One of them is the risk that interest rates could go up aggressively this year. Since late 2021, the Fed has been clear that it intends to take a hawkish approach to interest rates in a bid to tame inflation.
While interest rates were already causing jitters in the market, the war in Ukraine has created geopolitical risks. The tension this is causing in the markets is evident in the explosion in gold prices since the last week of February.
While U.S. markets appear to be stabilizing, interest rates and geopolitics increase the level of risk for SoFi in December 2022.
Should I buy SoFi stock in December 2022?
If you believe U.S. stocks are about to bounce back despite the macro-economic and political issues that the markets face, then SoFi could be an excellent stock to buy now. Wall Street Analysts are pretty upbeat on SoFi and have given it a 'Strong Buy' rating of 2. The average price target is $8.13. The target is quite impressive, considering that SoFi traded at $5.36 when writing the article.
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2. Salesforce.com (CRM) – CRM to $220 in December?
Salesforce.com is one of the largest enterprise cloud services providers globally. Salesforce's services include data storage, data analytics, and other customized computing solutions.
Why could Salesforce.com stock be a good investment for December 2022?
Per Salesforce Q2 results, subscription revenues shot up 21% compared to a year earlier. This is an indicator of strong demand for Salesforce.com products and a positive leading indicator.
Besides the current strong earnings, Salesforce is expected to keep recording strong earnings going into the 2023 financial year. That's because Salesforce has performance obligations of up to $21.5 billion, an increase of 15% year-over-year.
Salesforce is also likely to get a boost from the growing corporate demand for digital transformation accelerated by the COVID-19 pandemic. This is a factor that could see revenues grow all through the year.
Salesforce is also well-known for its affinity for acquisitions, which accelerates growth in a short time. This factor could keep investors upbeat on CRM, making it a good stock to buy for December.
Why could CRM stock be risky for December 2022?
Like every other stock, CRM is not immune to external factors that affect the equity markets. With interest rates going up, and the crisis in Ukraine plunging the world in uncertainty, there is always a risk of the markets entering another corrective wave, which would affect CRM stock as well.
Should I buy Salesforce stock in December 2022?
If you believe big tech stocks will strengthen going into Q4 of 2022, then CRM is a great stock to buy in December. At the moment, analysts are pretty bullish on CRM, and that's an excellent pointer to its potential direction.
Wall Street analysts have given CRM a rating of 1.9, which is a 'Strong Buy.' Analysts expect CRM to hit $222, up from its current price of $146.
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3. Intel – Can Intel outperform the market after government pledges to support the semiconductors market?
Intel is an American semiconductor company that designs and produces a wide array of high-tech computing products such as chipsets, accelerators, memory, among other products.
Why could Intel stock be a good investment for December 2022?
For geopolitical reasons, Intel is in an industry that is set to receive billions in funding from the U.S. government. In his State of the Union address, President Joe Biden stated that a bill was being tabled in Congress that could see up to $52 billion channeled into microchip-producing companies. This could be a huge boost to Intel's long-term growth.
Besides the money that could come from public coffers, Intel has plans to invest $20 billion to help increase the production of chips and other high-tech products on U.S. soil. News of these investments is likely to make Intel a potentially good stock to buy in December.
Intel also seems to be pretty insulated from the unfolding sanctions being leveled against Russia. That's because Russian purchases of Intel semiconductor products are pretty small and are unlikely to affect Intel revenues.
Why could Intel stock be risky for December 2022?
Intel's biggest risk in December is volatility in the broader equity markets. While it is a low beta stock and may not be as volatile as most tech stocks, the risk of a correction is there if the broader market turns bearish.
With the ongoing geopolitical issues that can escalate at any moment, and interest rates going up, this is a risk that you cannot discount when looking to invest in Intel.
Should I buy Intel stock in December 2022?
Intel could be a good stock to buy if you believe U.S. markets could weather the ongoing macroeconomic and political issues with ease. While analysts don't see Intel as a strong buy at the moment, they are in a consensus that it is a good 'hold'.
Essentially, analysts expect Intel to perform in tandem with the broader market. With all the external factors going on, the broader market is a good indicator to follow and could be a reason to buy Intel.
Would you invest in Intel (INTC) stock?
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Read Also: Top 7 Best Tech Stocks To Buy This Month
4. Ford – Can Ford hit analysts' price target of $14.55 in December 2022?
Ford is one of the largest automobile companies in the U.S. and globally. Despite the growing popularity of Tesla and other electric carmakers, Ford cars remain among the most competitive in the market.
Why could Ford stock be a good investment for December 2022?
There is a lot to love about Ford. Aside from its strong brand name, Ford is making serious headway in the fast-expanding electric car market. In an interview with Yahoo Finance on March 3rd, 2021, Ford Chief Financial Officer John Lawler announced that they were starting two new business units.
The first unit dubbed Ford Model E will be dedicated to the production of electric cars. The second unit, called Ford Blue will develop internal combustion engine cars with higher profitability levels. The idea of Ford Blue is to complement the success of its existing internal combustion engine cars.
Both of these moves by Ford are a big deal as they guarantee higher revenues both in the short term and the long run. For instance, electric cars are the future, and even government policies reflect the same.
Ford also believes it has the edge over the other players in the E.V. market because of its expertise in car body engineering and chassis building. In essence, by getting more aggressive on this front, Ford could record stock value growth in December and for many months to come.
Besides these investments, the Ford management team seems to be inspiring confidence in investors that set revenue targets to remain unchanged. According to Ford's Chief Financial Officer, Ford still expects its 2022 adjusted earnings before tax to range between $11.5 billion and $12.5 billion. This is a big deal and makes Ford an excellent stock to buy in December, in anticipation of value appreciation all through the year.
Why could Ford stock be risky for December 2022?
The biggest risk that Ford faces is supply chain disruption. Since the pandemic, global supply chains have become problematic and in the process, driving up costs. With the evolving geopolitical issues like the war in Ukraine and the resultant sanctions, global supply chains could become even more strained. This could affect Ford's revenues and, by extension, its stock price.
The other risk is that of rising interest rates. Most major economies such as the US, UK, and Canada are looking to hike rates aggressively to battle rising inflation. The result could be reduced purchasing power, which could hurt car sales in the medium term. Since investors expect such an eventuality, the same could reflect Ford stock price in December. As such, Ford could be a good stock to buy for December.
Should I buy Ford stock in December 2022?
If you don't expect ongoing political and economic issues to affect car sales in the short term, then Ford is a great stock to buy for December 2022.
Wall Street analysts are pretty bullish on Ford and have given it a rating of 2.7, which is a buy. It is an indicator that smart money expects Ford to perform well despite all the issues going on in the markets.
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5. Dark Trace – Can Dark Trace Test GBP 732 in 2022?
Dark Trace is a cybersecurity company that sells its solution globally. Dark Trace is known for helping companies discover cyber threats that are hard to predict and equip enterprises with the tools needed to fight new cyber threats that cannot be tackled using existing cyber defence technologies. This is all thanks to heavy investments in cyber artificial intelligence technologies.
Why could Dark Trace stock be a good investment for December 2022?
No matter the size or nature of a crisis, there are always winners who are favoured by the prevailing circumstances. Under the prevailing war situation in Ukraine, the U.S. and its allies are awake to the risks of cyberattacks from Russia. This has led to a surge in the value of Dark Trace and other cybersecurity companies. Since the prevailing environment may last the whole of December, it may be safe to conclude that Dark Trace is a good stock to buy for December.
Besides being favoured by prevailing geopolitical issues, Dark Trace's core fundamentals look pretty strong too. At the beginning of 2022, Dark Trace announced that it was upgrading the 2022 outlook on revenues. Growing customer numbers informed. Customer retention is also getting better. Essentially, this means investors can expect substantial revenue numbers all through 2022. This is good for the stock's value growth and makes Dark Trace a pretty solid stock to buy now.
Why could Dark Trace stock be risky for December 2022?
The biggest risk that Dark Trace faces is short-sellers. At the start of the year, Dark Trace came under the radar of Shadow Fall, a company that is known for poking holes in the books of listed companies and, as a result, driving down their share prices. This is a big deal because the price could drop significantly if investor confidence is lost.
Should I buy Dark Trace stock in December 2022?
If you believe that the current geopolitical environment helps Dark Trace revenues in the short term, then it is, without a doubt, an excellent stock to buy for December.
Wall Street analysts also seem to believe that Dark Trace could be a good buy. The average analyst consensus for Dark Trace is 2.4, which means it is a buy.
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6. NVIDIA Corporation (NVDA) - The world's most important tech company close to reaching analysts' target of $190?
NVIDIA is a multinational technology company that became a household name when it invented the GPU (Graphics processing unit), revolutionizing video games and computer graphics.
Why could NVIDIA stock be a good investment for December 2022?
NVIDIA has an extensive reach and is involved in multiple aspects of computing. Some of its core business is graphics cards production and the development of data centers. Not only does this make NVIDIA a diversified business, but most of its focus businesses are in high-growth areas.
For instance, with Play-2-earn gaming on a growth trajectory, the demand for graphics cards will only get stronger. This only means better growth prospects for NVIDIA. Similarly, crypto mining has driven up demand for graphics cards, which is unlikely to stop anytime soon. GPUs are typically preferred when mining cryptocurrency, which is likely to drive up demand for NVIDIA products in the foreseeable future.
Like other U.S. chipmakers, NVIDIA is also set to benefit from government investments in the semiconductor industry. During his State of the Union address, President Joe Biden stated that the U.S. was looking to invest over $50 billion into the industry. This boosts all industry players and makes NVIDIA a pretty good stock to buy for December 2022.
Why could NVIDIA stock be risky for December 2022?
The most significant risk that NVIDIA faces is competition. With the sanctions that have befallen Russia, there is a likelihood that more countries, especially China, could look to increase investment in domestic chip production. This could hamper revenue growth prospects in the future.
Should I buy NVIDIA stock in December 2022?
If you think NVIDIA will continue to grow in the near future, it might be a good option for you. Analysts are overall bullish on NVIDIA stock and have given it a rating of 2.1, which means it is a 'buy.'
Check Out: NVIDIA (NVDA) Stock Price Predictions
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7. Disney (DIS) - Expanding parks and growing Disney Plus viewership to take us to $136?
Disney is an entertainment company that caters to a global audience. Disney has several well-known brands under its umbrella. They include ESPN, Fox, National Geographic, Marvel, and Twentieth Century Fox. Disney also recently got into the streaming market and has gained significant market share.
Why could Disney stock be a good investment for December 2022?
Disney stock has never been higher than right now, despite being primarily a mass media company that largely focuses on film and TV production.
However, while the coronavirus stopped a lot of the film production in 2020 and closed many cinemas, Disney had a secret weapon - their streaming service Disney Plus.
Today, Disney Plus stands a serious chance of outperforming both Netflix and Amazon Prime in steaming. Statista reported that Disney Plus has 116 million subscribers (for Q3 2021) and that Disney expected that number to grow to 230 million to 260 million subscribers by 2024.
And just to make the stock market a bit more bullish on Disney, they have also revealed their plans to upgrade their California resort with new shops and restaurants.
Why could Disney stock be risky for December 2022?
Like the rest of the stock market, Disney has been fluctuating recently due to fears of interest rates hike and the ongoing war in Ukraine. If these issues trigger a market correction in December, Disney, too, could be at risk.
Should I buy Disney stock in December 2022?
If you feel that the ongoing external economic and political factors will not hurt American stocks, it may be a great time to invest in Disney. Analysts are pretty upbeat on this stock, too, and have given it a rating of 2, which means it is a buy.
Don't Miss: Walt Disney (DIS) Stock Price Predictions
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8. Boeing (BA) - Could it gets up to $188?
If you were lucky enough to fly on a plane last year, it was most likely a Boeing. Boeing is one of the world's largest airplane manufacturers.
Why could Boeing stock be a good investment for December 2022?
First and foremost, Boeing is the largest airplane exporter in the U.S. and one of the largest defense contractors in the world. They also manufacture rockets, satellites, and telecommunications equipment too, which means they are fairly diversified.
With the unfolding geopolitical issue in Ukraine, NATO countries have decided to increase their defense spending. This could spell good tidings for companies in the defense industries like Boeing, not just in December but all through 2023.
Boeing also got a reprieve after its Boeing 737 Max got clearance to fly again, especially in key markets. Boeing has already announced that it plans to double production of the 737 Max by 2023. This means revenues are set to rise in the foreseeable future, a factor that could play well into its price action in short to medium term. Boeing could be a pretty good stock to buy for December with such fundamentals in its favour.
Why could Boeing stock be risky for December 2022?
Despite its strong position in the market, Boeing is not immune to market fluctuations. While the current geopolitical environment favours the stock, interest rates are going up. This could lead to a softening of the stock markets. If the markets enter a corrective phase, Boeing, too, could see its stock price take a hit in the short term.
Should I buy Boeing stock in December 2022?
According to Wall Street analysts, Boeing stock price could reach an average price of $188 and a high price of $250 in the next 12-months. The average price target represents a 19% rise from its current price.
Boeing could be a great stock pick for you if you have high hopes of air travel picking up in 2022.
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9. Evofem Biosciences Inc (EVFM) - Innovative women health gels might lead to a price of $2.9!
Evofem Biosciences creates women’s health products that primarily focus on sexual and reproductive health.
Why could Evofem stock be a good investment for December 2022?
Evofem is a super innovative biopharmaceutical company that strives to give control to women over their health with hormone-free products.
The company gained attention with their first commercial product called Phexxi, a hormone-free vaginal gel used to prevent pregnancy and is set to potentially revolutionise birth control.
And Evofem is also in the process of producing a gel to prevent sexually transmitted diseases as well, such as chlamydia and gonorrhoea with their product EVOGUARD.
So far, they report that the gel reduces the risk of chlamydia by 50% and gonorrhoea by 78% in women.
Why could Evofem stock be risky for December 2022?
Evofem is a super young company, perhaps even the youngest on this entire list. The risk here is that we don't know how well the stock can perform yet.
Further to that, while Evofem gained a lot of attention for its Phexxi gel, EVOGUARD, the gel designed to prevent chlamydia and gonorrhoea, is still in development and being tested. There is still the risk that they could still fail, or a medical board does not approve the gel.
This could mean that a lot of the value of Evofem might be mostly speculative.
Should I buy Evofem stock in December 2022?
If you believe biotech stocks have good prospects in 2022, then Evofem is a good stock to buy in December. Analysts are pretty bullish on Evofem too with an average price target of $2.9 and a rating of 2, which means it is a buy.
What do you think? Would you invest in Evofem (EVFM) stock?
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10. BioNTech S.E. (BNTX) - Covid vaccine bringing this stock to $223?
BioNTech is a German pharmaceutical company that along with Pfizer created the BioNTech-Pfizer coronavirus vaccine, also known as ‘Comirnaty’.
Why could BioNTech stock be a good investment for December 2022?
According to Pfizer, the BioNTech-Pfizer vaccine is 91.3% effective and has been playing a major role in defeating the Covid-19 vaccine since 2021. With the Pfizer/BioNTech vaccine now the most significant player in the fight against COVID-19, BioNTech could be an excellent stock to buy in December.
Besides, the company has made a significant windfall off the COVID-19 pandemic. This year, BioNTech expects to generate $32 billion from COVID-19. That’s enough cash to fund research into other areas that could drive revenues in the future.
Why could BioNTech stock be risky for December 2022?
The first thing you should consider when investing in BioNTech is that the company is young, only founded in 2008, and we don't know how well it can perform yet.
Like all pharmaceutical companies producing coronavirus vaccines, now that COVID-19 is becoming less risky, the company needs to come up with other products and deliver well.
Essentially, traders need to consider what will happen with BioNTech stock after the coronavirus vaccine - what's next?
Should I buy BioNTech stock in December 2022?
If you believe that BioNTech stands a real chance of becoming a major biotech player, it could be a good stock to buy in December. At the moment, BioNTech has an analyst rating of 2.4 which means it is a buy. Analysts also expect it to test $224, a pretty high target given that BioNTech is currently trading at $145.
What do you think? Would you invest in BioNTech (BNTX) stock?
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Key points
- In December 2022, a number of stocks still continue to benefit from the coronavirus. Such as BioNTech and Salesforce.
- Disney stands out as perhaps one of the best stocks to buy for December 2022. Generally speaking, it’s on the up and up with not much holding it back.
- Evofem Biosciences stands out as perhaps the cheapest stock to buy right now. And it’s predicted to triple in price in roughly a year.
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FAQs
What stocks will boom in 2022?
According to Investor’s Business Daily, analysts have high hopes for the following stocks: Microsoft (MSFT), ServiceNow (NOW) and PayPal (PYPL) whose track records of stable earnings growth have earned them a spot on IBD Long-Term Leaders.
What are the hottest stocks to buy right now?
According to CNN, some of the hottest stocks right now, with the most gains, are: Air Products and Chemicals Inc, Ball Corp, Boeing Co, Conocophillips, Johnson Controls International PLC, Quanta Services Inc, Marathon Oil Corp, Devon Energy Corp, Ingersoll Rand Inc, and Aptiv PLC.
What are the best growth stocks for 2022?
Keith Speights, writing for The Motley Fool, believes the following are some of the best growth stocks for 2022: Etsy, Pinterest, MercadoLibre, Block, Realty Income, Shopify, Intuitive Surgical, Walt Disney, Berkshire Hathaway and Amazon.
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