It’s difficult to think of a company that won’t be one of the “most active stocks” in 2022. After all, the stock market has been a rollercoaster all year. From bear market rallies to bull traps, stocks appear to be poised to swing at any time.
Regardless, heightened volatility often happens over short periods of time, so staying invested can result in higher profits. With this in mind, here are a few of the most active stocks right now that could be excellent long-term investments in 2022, along with the reasons why.
The Top 8 Stocks to Buy Right Now
The following companies differ in size, industry, and area in the spirit of variety. They will be measured using activity, price action — highs and lows — and average daily volume.
1. Occidental Petroleum Company (OXY)
Occidental Petroleum (OXY) is an energy firm that produces oil and gas as well as manufactures chemicals. It has sparked considerable interest after Warren Buffett’s Berkshire Hathaway acquired a nearly 20% investment in it. The prominent investment firm has also recently gained authorisation to increase its stake to 50%.
But the actual reason for OXY’s interest is financial. In the last year, net income has climbed significantly. OXY reported a $97 million loss in the second quarter of 2021. Net profits increased to $3.5 billion in Q2 2022, despite no significant change in daily production volume.
- $70 billion in market capitalization (approx.)
- The average daily volume is 27 million.
- $23.91 52-week high
- $76.10 is the 52-week low.
2. Nvidia (NVDA)
Nvidia (NVDA) released its most recent quarterly earnings in August. Revenue climbed marginally by 3%, while net income and gross margins fell year on year. CEO Jensen Huang attributes this to continued supply chain challenges as well as a challenging macroeconomic environment. While these results do not present Nvidia in the best light, they do show some promising indicators.
Automotive revenue climbed by 45% to $220 million, and Huang believes that this might be Nvidia’s next multibillion-dollar revenue area. Data centre sales rose 61%, becoming the company’s largest revenue source, and a number of interesting product advancements were unveiled.
While Nvidia may face short-term hurdles, the company has traditionally outperformed. In fact, its stock price has increased by about 40,000% since 1999.
- $440 billion in market capitalization (approx.)
- The average daily volume is 52 million.
- $346.47 is the 52-week high.
- $140.55 is the 52-week low.
3. High-Tech Micro Devices (AMD)
When compared to its industry adversary, AMD, a competitor to Nvidia, fared exceptionally well in 2022. Its revenue increased by 65% in the most recent quarter, setting a new high. Unlike Nvidia, AMD increased revenue across all main areas and signed new cloud computing arrangements with Google, Microsoft, and Oracle. AMD also repurchased $920 million in its own stock, implying that its stock is undervalued.
- $156 billion in market capitalization (approx.)
- The average daily volume is 88 million.
- $164.46 is the 52-week high.
- The 52-week low is $71.60.
4. SoFi Technologies, Inc. (SOFI)
SoFi Technologies continues to overcome the odds in the face of uncertain economic conditions. SoFi has secured a national bank licence and made the strategic acquisition of Technisys in the last year. The acquisition boosts SoFi’s B2B core banking offerings, which complement its personal digital banking solutions.
SoFi’s net revenues surged by 50% in the most recent quarter, while its client base increased by 69% to 4.3 million people. Although SoFi bills itself as a one-stop shop for financing, student loans have always been its mainstay. With the end of the student loan moratorium in sight, SoFi’s future growth could be accelerated.
- $6 billion in market capitalization (approx.)
- The average daily volume is 39 million.
- $28.65 52-week high
- $4.82 is the 52-week low.
5. Nu Holdings Inc. (NU)
Nu Holdings (NU) was launched in 2013 as a Brazilian digital banking solution. It has grown its subscriber base to 62.3 million in the last nine years, and it believes that 36% of Brazil’s adult population is currently a user. Much of this increase can be attributed to Latin America’s severely underbanked population.
Revenue growth, on the other hand, is more impressive. Revenues have increased by 230% year on year, which the business attributes to cross-selling strategies for its multi-product range. Nu currently offers business and consumer accounts, credit cards, financing, and investing services for stocks and cryptocurrency.
- $23 billion in market capitalization (approx.)
- The average daily volume is 29 million.
- $12.24 is the 52-week high.
- $3.26 is the 52-week low.
6. Amazon (AMZN)
Amazon (AMZN) has been knocked off its pedestal in 2022, with a year-to-date drop of nearly 18%. Amazon, on the other hand, continues to broaden its reach. It intends to close its purchases of iRobot for robotic cleaning and OneMedical for healthcare.
This plan expands on the company’s existing diverse product line, which is expanding. Other industries in which it is involved include e-commerce, cloud computing, advertising, streaming, and home devices. Amazon remains a great selection, with its most recent quarterly sales exceeding $121 billion.
- $1.4 trillion in market capitalization (approx.)
- The average daily volume is 70 million.
- $188.11 is the 52-week high.
- $101.26 is the 52-week low.
7. Objective (TGT)
Target (TGT) struggled in 2022 as a result of unprecedented supply chain problems. However, a 28% drop this year may be considered an overreaction. After all, the corporation has since made changes.
Target remains in the top three of leading supermarkets in the United States, competing with Walmart (WMT) and Costco (COST). Target, because it trades in basic consumer items, is a company that can weather a storm, even when faced with inflationary pressures and a bleak economic outlook. It also pays a nice dividend of 2.67%.
- $76 billion in market capitalization (approx.)
- The average daily volume is 5 million.
- $268.98 is the 52-week high.
- $137.16 is the 52-week low.
8. Airbnb (ABNB)
Airbnb (ABNB) is a travel rental company that has gained a competitive advantage by providing its customers with unique travel possibilities. The statistics provided by the online booking service are informative. People on its platform are opting for longer stays, with a 90% rise in bookings lasting more than 28 days compared to 2019.
With most global economies now free of COVID worries, Airbnb is well positioned to benefit from the return to travel. This is demonstrated by its most recent quarterly report. Revenue was $2.1 billion, a 70% rise over pre-pandemic levels. It was also the most profitable quarter for Airbnb to date.
- $74 billion in market capitalization (approx.)
- 7 million is the average daily volume.
- $212.58 is the 52-week high.
- $86.71 is the 52-week low.
Last Words
Before purchasing a stock, as with any other investment, it is critical to complete due diligence. Given that several of these stocks have been exceedingly volatile, it is likely that they will remain so for the foreseeable future. It is critical to consider equities with a long-term view in mind rather than dealing with the daily price action volatility that comes with capital markets.
FAQ about Active Stocks
Here are some other questions concerning active stocks that individuals have.
Which stock is the most active right now?
Tesla (TSLA), Nvidia (NVDA), Apple (AAPL), AMD (AMD), and Alibaba have been the most active stocks recently, according to Investing.com (BABA).
What stock is being bought the most?
Tesla is currently the most bought and traded stock in the United States (TSLA).
What is the most active NASDAQ stock?
Tesla is currently the most active stock on the NASDAQ (TSLA).
