3 Stocks We Want In Our Stockings This Year
With less than a week to go until the big day, we’re checking out some of the stocks we’re most eagerly watching for next year. After that, we’ll go over this week’s hottest trading events for your calendar.
Top stocks to keep your festive eyes on
Here are our top stock picks for 2023.
#1 Adobe (ADBE)
Price 01.01.2022: 564.37 USD
Price 18.01.2022: 338.54 USD
% change YTD: -40.01%
Adobe is the creative software company you’ve probably heard of. If you’ve ever done any kind of photo editing, you’ve probably tried Photoshop. At the very least, PDF lovers will know Acrobat Reader!
Adobe was founded in 1982 and has been churning out some of the most recognisable software programmes ever since. It recently bought creative platform Figma for a not-so-insignificant $20bn!
Why is it on our list? The company is incredibly efficient, especially since shifting to the pay-per-month model around 10 years ago. Adobe generates $0.41 of cash profit for every sales dollar it brings in. That’s very impressive.
The -40% YTD is likely a result of the wider bear market, because Adobe’s quality products, dedicated user-base, profits on sales and now aggressive moves into related markets proves both the company’s credentials and ambitions.
The fact that its stock price is so low when it has all of that going for it will probably be seen as an opportunity for many investors.
#2 Alphabet (GOOG)
Price 01.01.2022: 144.99 USD
Price 18.01.2022: 90.26 USD
% change YTD: -37.75%
Alphabet (Google), is obviously on this list! Why? Well, its stock price is currently at levels we’ve not seen for the last decade — and that’s not because of any shoddy product offering or lack of business acumen at the top.
We all know the popularity of Google and it’s wider suite of products and it isn’t going anywhere anytime soon. The fundamentals of the business are sound. Alphabet has a not-to-be-sniffed-at $116 billion in cash on its balance sheet.
Google Search and YouTube have a monopoly on web and video searches and this dominance is only going to be amplified if the US does ban Tiktok.
Added to that, once the bear market eases, companies around the world will be vying to make up for lost time, investing billions into Google ads to get their products and services to the front of the queue.
With all this in mind, it just seems to make solid sense that the immediate future looks very bright for Alphabet.
#3 Moderna (MRNA)
Price 01.01.2022: 235.05 USD
Price 18.01.2022: 193.29 USD
% change YTD: -0.89%
We could easily put Apple or Amazon in here, but we didn’t want to exhaust you with pure tech companies. Moderna offers something a little different and it could be in for an exciting 2023.
Moderna, the US-based pharmaceutical and biotech company shot to household name status with its development of the Covid-19 vaccine. Moderna used the tidy profit they made from it (they have $17bn cash reserves) — to fund development of other projects. These include a new flu vaccine; a covid/flu single shot vaccine; and even a cancer vaccine.
With so many projects on the horizon and a tidy cash balance for potential acquisitions, 2023 looks set to to be a busy one for Moderna.
So, what’s in your stocking?
What will you be trading in 2023? Any tips? Drop us a tweet at @_contentworks.
Top fundamental events this week
Here are all of the main events coming up in what looks like a pretty busy week for the markets.
No major events are planned.
● JPY — BoJ Interest Rate Decision
● CAD — Core Inflation Rate MoM (NOV); Core Inflation Rate YoY (NOV); Inflation Rate YoY (NOV)
● USD — CB Consumer Confidence (DEC)
● GBP — GDP Growth Rate YoY Final (Q3)
● USD — GDP Growth Rate QoQ Final (Q3)
● JPY — Inflation Rate YoY (NOV)
● USD — Core PCE Price Index YoY (NOV); Durable Goods Orders MoM (NOV); PCE Price Index YoY (NOV)
● USD — Michigan Consumer Sentiment Final (DEC)
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The Contentworks team