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You Won't Believe This Stock That Is Positive On The Year

Benzinga Real-time News ·  {{timeTz}}

2022 has been an uncertain year in the markets, to say the least.

A number of second-quarter big tech earnings were delivered in recent weeks, showing signs of stability in the macro environment and less of a recession.

Microsoft Corporation (NASDAQ:MSFT) and Alphabet Inc (NASDAQ:GOOG) (NASDAQ:GOOGL), while down 13.68%, 16.72% year-to-date, respectively, showed steady revenue growth and margins given current macroeconomic conditions.

Microsoft reported a free cash flow of $17.8 billion, net profits of $16.7 billion, and optimistic annual projections. Similar to Apple, Google recently revealed a significant free cash flow of $12.6 billion and net earnings of $16 billion.

Also read: Jim Cramer Sides With The Apes, Says AMC Entertainment Stock Is A 'Terrible Short': 5 Other Short Squeeze Candidates On His Radar

Many companies slashed guidances and workforces ahead of a recession, whispers of which began at the beginning of 2022, causing many investor and COVID-19 pandemic favorites to significantly shrink from previous valuations.

Take, for example, Canadian e-commerce service Shopify Inc (NYSE:SHOP): its stock price flew as high as $1,690.60 per share in November 2021, making it a certified pandemic darling.

Today, high inflation, increased competition and a pullback in consumer spending online compared to during the pandemic is beating the stock down: shares of Shopify are down 70.38% year-to-date and the chart gets worse as you zoom out.

Or, let's take a look at Netflix Inc (NASDAQ:NFLX): the once high-flying stock began the year trading at $591.15. After consecutive quarters of little to no growth, investors reeled in their cash, causing the stock to drop 59.34% year-to-date.

There is one investor favorite that is positive this year. Any guesses? Check the list below to find out! All figures are year-to-date.

Snap Inc (NYSE:SNAP) -77.21%
Shopify Inc (NYSE:SHOP) -70.36
Netflix Inc (NASDAQ:NFLX) -59.37%
Spotify Technology SA (NYSE:SPOT) -50.70%
PayPal Holdings Inc (NASDAQ:PYPL) -49.56%
Meta Platforms Inc (NASDAQ:META) -47.49%
Snowflake Inc (NYSE:SNOW) -47.35%
Block Inc (NYSE:SQ) -46.04%
Etsy Inc (NASDAQ:ETSY) -44.66%
NVIDIA Corporation (NASDAQ:NVDA) -40.11%
Zoom Video Communications Inc (NASDAQ:ZM) -39.38%
Advanced Micro Devices, Inc. (NASDAQ:AMD) -34.33%
Tesla Inc (NASDAQ:TSLA) -26.88%
Moderna Inc (NASDAQ:MRNA) -26.32%
Salesforce Inc (NYSE:CRM) -26.21%
Adobe Inc (NASDAQ:ADBE) -22.49%
Atlassian Corporation PLC (NASDAQ:TEAM) -17.69%
Alphabet Inc Class C (NASDAQ:GOOG) -16.93%
Amazon.com, Inc. (NASDAQ:AMZN) -16.50%
Microsoft Corporation (NASDAQ:MSFT) -13.85%
Apple Inc (NASDAQ:AAPL) -7.36%
And the winner is ... GameStop Corp. (NASDAQ:GME) +5.91%

Photo: Jes2u.photo via Shutterstock

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