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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

This presentation is for informational and educational use only and is not a recommendation or endorsement of any particular investment or investment strategy. Investment information provided in this content is general in nature, strictly for illustrative purposes, and may not be appropriate for all investors. It is provided without respect to individual investors’ financial sophistication, financial situation, investment objectives, investing time horizon, or risk tolerance. You should consider the appropriateness of this information having regard to your relevant personal circumstances before making any investment decisions. Past investment performance does not indicate or guarantee future success. Returns will vary, and all investments carry risks, including loss of principal.


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