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Wall Street’s analyst community is broadly optimistic about the market’s prospects for the year ahead – but they’re torn about where exactly those gains will come from. In other words, ’s top stocks to invest in could come from numerous corners of the market.

Just consider the headwinds that the pros are factoring in as the new year approaches. Inflation. Supply-chain chaos. The potential for more COVID disruptions. Sky-high equity valuations, top stocks to invest in august 2022. And none of that accounts for potential “black swan” events in

Still, the consensus direction for the stock market’s arrow remains up for Infrastructure spending and a resumption of the economy’s rehabilitation should help prop up equities in general, goes Wall Street’s thinking.

“We expect solid economic and earnings growth in to help U.S. stocks deliver additional gains next year,” says Ryan Detrick, chief market strategist for LPL Financial, the largest independent broker-dealer in the U.S. “If we are approaching – or are already in – the middle of an economic cycle with at least a few more years left (our view), then we believe the chances of another good year for stocks in are quite high.”

Also noteworthy is LPL’s S&P target forwhich stands at 5, at the midpoint. That represents a roughly 10% gain from when the call was made Dec. 20, but closer to 5% from today’s prices. Plenty of other Wall Street strategists have similar top stocks to invest in august 2022. Thus, if you want anything more than a mid-single-digit return inyou might need to stray from the index and instead delve into individual picks.

But where should you begin?

Here are 22 of the pros’ highest-conviction stocks to invest in for We used TipRanks data to unveil the crème de la crème, as viewed by Wall Street’s analyst community. Each stock currently earns a consensus Strong Buy rating based on opinions from analysts surveyed by TipRanks. 

As of today, these stocks are expected to produce upside of between 10% and 82% over the next 12 months – handily more than consensus S&P projections. And like Kiplinger’s best stocks forthey represent just about every corner of the market.

Data, including consensus price targets and ratings, top stocks to invest in august 2022, is as of Dec. Stocks listed in reverse order of projected returns.

1 of 22

Charles Schwab

• Market value: $ billion
• TipRanks consensus price target: $ (10% upside bitcoin investor seriö s quality consensus rating: Strong Buy

Financial stocks can thrive in an environment of rising interest rates and high liquidity. Banks can earn even more on their lending products (think mortgages and car loans), and services firms that make money from trading volumes will collect more in fees. One firm that has done particularly well is Charles Schwab (SCHW, $), which is involved in both these services, as well as wealth management.

SCHW shares, which are poised to finish up by about 60% or so, aren't expected to have as explosive abut they're still among the pros' favorite stocks to invest in.

Deutsche Bank's Brian Bedell, who calls SCHW stock a "top pick," is encouraged by Schwab's "balanced focus on organic growth, client service, [and] merger integration," as well as its "ability to generate significant financial operating leverage to higher interest rates and client asset growth."

He also sees much more upside to shares than the analyst average price target, which implies 10% returns over the next 12 months. Bedell's $ PT would see Schwab shares return another 40% from current prices.

Jefferies also calls Schwab a "top pick" among brokers, asset managers and exchanges. "Areas where SCHW could flex its muscle on the competition include: options pricing, payment for order flow (PFOF) practices, deposit pricing as well as asset management products (both third party and advice services)," Jefferies' analyst team says.

Wall Street is plenty bullish in general, with eight of 10 covering analysts issuing Buy calls on SCHW over the past three months. See which other analysts are in the Schwab Buy camp on TipRanks.

2 of 22

Applied Materials

• Market value: $ billion
• TipRanks consensus price target: $ (10% upside potential)
• TipRanks consensus rating: Strong Buy

A perfect storm materialized for the semiconductor industry over the past couple years: a digital transformation and ecommerce boom for electronics combined with shipping backlogs and work shortages.

Among the beneficiaries has been Applied Materials (AMAT, $).

The California-based integrated circuit producer has been integral to the domestic tech industry, as the majority of chip manufacturing is located in Taiwan and elsewhere overseas. The boom in the importance of data centers, 5G, and the Internet of Things (IoT) has kept demand for AMAT's products strong.

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CFRA recently added Applied Materials to its favorite chip stocks to earnings per share example income statement in, upgrading shares from Buy to Strong Buy.

"We see upside to estimates driven by two trends: 1) AMAT continuing to gain market share in process control, more specifically wafer inspection and e-beam technology with leading-edge customers, top stocks to invest in august 2022, and 2) demand from foundry/ logic capacity expansions evident in Intel's higher capex guidance and Samsung's plans to triple its foundry capacity by ," says CFRA analyst Keven Young.

The analyst adds that demand also should be supported by the U.S. and Europe, which are "looking to boost their own chip manufacturing presences, which will likely be done via smaller and less efficient fabs, boosting WFE capital intensity and benefitting equipment suppliers."

A solid 12 of 15 analysts covering AMAT shares have called it a Strong Buy or Buy, versus just three Holds and no Sells of any kind. Hear what else the pros have to say about AMAT on TipRanks.

3 of 22

Coca-Cola

• Market value: $ billion
• TipRanks consensus price target: $ (10% upside potential)
• TipRanks consensus rating: Strong Buy

Coca-Cola (KO, $) has been slower than most to recover from its COVID-recession losses, but it's primed to enter nipping at its previous all-time highs. The beverage maker has been experiencing strong momentum in sales of mini packs and Coke Zero Sugar, and expects significant growth from its recently acquired British coffee chain, Costa Coffee.

Evercore ISI analyst says that while KO would like to continue innovating on a meaningful level, top stocks to invest in august 2022, the "vast majority of innovations don't work." The company is so well-entrenched in its consumers' interests that changes to formulas in its syrups and new flavor options are often shunned for classic offerings.

Furthermore, along with rebounding sales from households, the reopening of restaurants and other food purveying establishments should result in higher sales volumes of Coca-Cola products, as these end markets make up institutional investor money flow sizeable portion of KO's profits.

Credit Suisse analysts (Outperform) believe KO is one of the best stocks to invest in among consumer staples picks, calling it a "top pick."

"With the pandemic's worst likely passed, we think Coke is now poised for a period of mid-single, maybe even double-digit topline growth and high-single digit bottom line growth (ahead of guidance)," says Credit Suisse (Outperform, equivalent of Buy), top stocks to invest in august 2022. "In recent weeks, a series of meetings with management and industry participants affirmed this view."

Six of eight analysts surveyed by TipRanks categorize Coca-Cola stock as a Buy. Check out their price targets and analysis at TipRanks

4 of 22

Lowe’s

• Market value: $ billion
• TipRanks consensus price target: $ (11% upside potential)
• TipRanks consensus rating: Strong Buy

Home improvement boomed during the depths of the pandemic while individuals were stuck at home. Do-it-yourself trends and design interest pushed stocks like Lowe's (LOW, top stocks to invest in august 2022, $) to new heights. Shares in the home improvement retailer have more than doubled from their pre-pandemic peak, and they could improve further still in as continued COVID top stocks to invest in august 2022 prompt homeowners to continue investing in their houses.

Wells Fargo Securities analyst Zachary Fadem is among 12 of 16 covering analysts who have said LOW stock is a Buy over the past three months.

"[The] LOW market delivery model is expanding nationwide in the next 18 months with long-term potential for higher conversion, top stocks to invest in august 2022, margin expansion and higher inventory turns," says Fadem, who has a $ price target on Lowe's stock, implying 16% upside across

"The key takeaway from LOW's investor event was that it's well positioned to gain market share next year independent of the macro backdrop," adds UBS analyst Michael Lasser (Buy). "Plus, it has several levers that it can pull to generate margin expansion in a variety of top-line scenarios."

Lasser also likes Lowe's valuation, which is cheaper than both the overall market and rival Home Depot (HD). Check out Wall Street's average, highest and lowest price targets for LOW on TipRanks.

5 of 22

Johnson & Johnson

• Market value: $ billion
• TipRanks consensus price target: $ (12% upside potential)
• TipRanks consensus rating: Strong Buy

Johnson & Johnson (JNJ, $) could be set up as one of the best stocks to invest in well pastforecasting high pharmaceutical sales growth through and limited impact from expiring patents.

Wells Fargo Securities analyst Larry Biegelsen (Overweight, equivalent of Buy) notes that J&J's target for pharmaceutical revenues backing out COVID vaccine sales is $60 billion, which implies % compound annual growth and is better than consensus expectations for $55 billion.

Biegelsen is also optimistic about the company's drug pipeline.

"Between now andJNJ expects roughly 50 approvals/filings, comprised of 36 line extensions of existing products and 14 novel therapies with $1 billion-plus peak sales potential each," he says. "While there is inherent clinical and regulatory risk in pharmaceutical development, we concur with JNJ's assessment that much of its Pharma growth through is de-risked because it's mostly driven by in-market products."

Of the seven analysts who have sounded off on J&J stock over the past three months, six are in the bull camp, according to TipRanks, top stocks to invest in august 2022. TipRanks offers up a full analyst rundown of JNJ shares.

6 of 22

Altria Group

• Market value: $ billion
• TipRanks consensus price target: $ (12% upside potential)
• TipRanks consensus rating: Strong Buy

Although doctors have pooh-poohed cigarettes for some time, analysts still have no problem recommending Marlboro parent Altria Group (MO, $) to investors. That said, Altria has expanded far past traditional tobacco products in recent years, investing nearly $13 billion in e-cigarette producer Juul, as well $ billion in cannabis company Cronos Group (CRON).

It remains to be seen whether Altria will attempt a full takeover of Juul, a company how to invest in penny stocks on robinhood has resonated strongly with younger individuals. The e-cigarette industry is considered a threat to traditional cigarettes, and as such, Altria might benefit from fully owning one of the space's top names. (Juul boasts a 40%-plus e-cigarette market share.)

The potential upside in cannabis investing lies with regulators. It all depends on which companies will be poised to benefit if and when federal legalization is enacted. Jefferies analyst Owen Bennett believes Altria's exposure to the domestic cannabis industry is underappreciated, contending that best investment rate of return uk stock is getting zero credit" in this field.

Bennett calls MO shares a Buy and sees shares hitting $53 over the next 12 months. Here's what other analysts have to say about MO shares.

7 of 22

Chevron

• Market value: $ billion
• TipRanks consensus price target: $ (14% upside potential)
• TipRanks consensus rating: Strong Buy

For Chevron (CVX, $), just like many other energy stocks, oil giveth, and oil taketh away.

Oil prices' collapse in amid travel restrictions and slumping demand slashed CVX prices by more than half. However, U.S. crude has since surpassed its pre-COVID peak, top stocks to invest in august 2022, and Chevron shares have recovered in kind. No wonder then, that optimism about energy prices has Wall Street considering CVX among their top stocks to invest in as we head into

Even with new COVID variants emerging, global governments are hesitant to lockdown their populations and thereby thrust their nations into economic recessions again. That bodes well for oil-price stability in the new year.

BMO Capital analyst Phillip Jungwirth is among 14 of 18 analysts covered by TipRanks who have issued a positive opinion on the stock over the past three months. He notes that CVX is generating robust free cash flow and is in a good position to raise its dividend and maintain its membership in the Dividend Aristocrats.

He also notes that Chevron recently elevated its stock buyback program, from $2 billion to $3 billion annually to $3 billion to $5 billion.

UBS upgraded CVX in November, to Buy from Neutral, lauding the company's financials. "We expect a continuing high quality dividend and share buybacks ready to step up further with the balance sheet already the lowest geared in the sector and set to fall further," says UBS analyst Jon Rigby. See what the rest of the Street has to say about CVX.

8 of 22

Alphabet

• Market value: $ trillion
• TipRanks consensus price target: $3, (15% upside potential)
• TipRanks consensus rating: Strong Buy

Search leader Alphabet (GOOGL, $2,) has benefitted handsomely from the accelerated digital transformation. That's allowing the technology conglomerate to invest its fortunes into a wide-ranging array of new innovations and initiatives.

In addition to its lucrative advertising business, the communication services stock deals in everything from cloud-based solutions to data centers to personal and home devices – and even autonomous driving systems via its Waymo subsidiary.

GOOGL is among the best stocks to invest in, according to most analysts who cover it. A whopping 25 of the 27 analysts to weigh in on shares of late call the stock a Buy.

Tigress Financial Partners' Ivan Feinseth goes a step further, calling GOOGL a Strong Buy and giving it a $3, price target (21% upside potential).

"[Alphabet's] increasing AI-first focus is driving greater product functionality and significant growth opportunities," says Feinseth, who notes that GOOGL is on his firm's Research Focus List and in its Focus Opportunity Portfolio. "GOOGL's strong balance sheet and cash flow enable the ongoing funding of key growth initiatives, strategic acquisitions and the further enhancement of shareholder returns through ongoing share repurchases."

Check out other analyst price targets on GOOGL at TipRanks.

9 of 22

Laboratory Corporation of America

• Market value: $ billion
• TipRanks consensus price target: $ (16% upside potential)
• TipRanks consensus rating: Strong Buy

One of the world's largest clinical laboratory network operators, Laboratory Corporation of America (LH, $) – better known to some as just "LabCorp" – earns a solid Strong Buy consensus rating from the Street.

Among its many verticals, the lab network firm engages in drug development and various medical testing methods. Several of its laboratory provisions at the moment are in key areas, including genomic and polymerase chain reaction (PCR) testing.

Of late, the healthcare stock has made an impression on shareholders by lavishing them with cash. In early December, LabCorp authorized a $ top stocks to invest in august 2022 stock buyback plan and announced that it will initiate a dividend in Q2aiming for a dividend payout top stocks to invest in august 2022 of 15% to 20% of adjusted earnings.

Mizuho Securities' Ann Hynes (Buy) is bullish on the stock and the new dividend.

"We view the introduction of a dividend is positive as we believe a key reason for the historical valuation difference between LH and Quest Diagnostics (DGX, rated Buy) was the lack of a dividend at LH," she says. "We remain Buy-rated on LH and we are buyers on any weakness related to this announcement."

She's one of eight analysts who have included LabCorp in their top stocks to invest in over the past three months. No pros have offered up a Hold or Sell call during that stretch. See what other analysts have to say about LH on TipRanks.

10 of 22

DuPont de Nemours

• Market value: $ billion
• TipRanks consensus price target: $ (18% upside potential)
• TipRanks consensus rating: Strong Buy

An rising economic tide will typically lift most cyclical boats, and that includes materials stocks such as DuPont de Nemours (DD, $). One of the largest chemical and specialty materials companies in the world, DuPont produces many of the most basic synthetic components that allow other industries to thrive.

It's also banking on some wheeling and dealing to move the needle in

With the $5 billion buyout of engineering materials maker Rogers Corp., announced in early December, "DuPont will become a faster-growing, higher-margin, and less cyclical company with increased exposure to high-growth secular end-markets including EVs, Advanced Driver Assistance Systems, 5G and clean energy," says Deutsche Bank analyst David Begleiter, who rates the stock at Buy with a $95 price target.

Meanwhile, Argus Research analyst Bill Selesky (Buy, $95 PT) has a "favorable view" of both the Rogers acquisition, as well as the planned divestiture of most of the Mobility & Materials segment.

"The divestiture will allow DuPont to focus on faster-growing, top stocks to invest in august 2022, higher-margin businesses, while Rogers should help the company to expand its presence in the electric vehicle, 5G telecom, and clean energy markets," he says.

Begleiter and Selesky are part of a recently unanimous bull camp for DD shares.

11 of 22

Analog Devices

• Market value: $ billion
• TipRanks consensus price target: $ (20% upside potential)
• TipRanks consensus rating: Strong Buy

Considered an advanced leader in the semiconductor space, top stocks to invest in august 2022 Devices (ADI, $) has been mitigating the impacts from supply crunches and ramped up its output to meet the overwhelming demand for its high-capacity chips.

The overall semiconductor industry has seen an incredible period of growth, and many of its largest components are still poised for further upside as the global economy continues to transition toward digitalization. The biggest obstacle to growth, of course, is the rate at which semiconductor firms can produce their highly sought-after chips.

Nonetheless, more than a dozen analysts have ADI among their top stocks to invest in duringbelieving the chipmaker up to the task.

"The team continues to see the sustaining of the demand/supply gap, strong bookings and backlog, continued lean channel and direct customer inventories, and extended but stable lead-times – all early-cycle indicators," says JPMorgan analyst Harlan Sur (Overweight). "Looking ahead, ADI continues to see a strong revenue growth profile in FY22 given the aforementioned trends combined with the team's ability to increase supply growth throughout the year and pricing tailwinds."

Sur adds that his team thinks the industry is only 40% through the current up-cycle, "which we believe should extend well into CY22 and possibly into CY"

Sur's price target of $ implies a 26% jump in ADI shares across Moreover, JPMorgan's Buy-equivalent call is one of 14 made over the past three months, countered by just three Hold calls. See what the rest of the Street has to say about Analog Devices.

12 of 22

Suncor Energy

• Market value: $ billion
• TipRanks consensus price target: $ (27% upside potential)
• TipRanks consensus rating: Strong Buy

Calgary-based integrated energy firm Suncor Energy (SU, $) has performed entirely as expected as draws to a close, with a roughly 55% year-to-date performance more or less equaling the broader energy sector.

Suncor hasn't exactly had it easy, top stocks to invest in august 2022. The pandemic not only weighed heavily on shares, but it also forced SU to cut its dividend from cents per share to 21 cents. Things are getting better, however; the company recently announced it would double its dividend to 42 cents per share. Suncor also plans to repurchase shares and repay its debts at a faster rate.

Specializing in synthetic crude derived mainly from the Athabasca oil sands deposits in Alberta, top stocks to invest in august 2022, Canada, the company expects higher energy prices in as more economies return to pre-pandemic output.

Eleven out of 13 analysts surveyed by TipRanks have recently released bullish notes on Suncor. That includes UBS's Lloyd Byrne, top stocks to invest in august 2022, who calls the stock a Buy.

"Looking out, we see the opportunity to improve results and reduce the risk premium in the stock through strong operational performance, initiatives to improve brownfield ops, and incremental returns of excess cash to shareholders," Byrne says. Check out opinions and price targets for SU on TipRanks.

13 of 22

General Motors

• Market value: $ billion
• TipRanks consensus price target: $ (30% upside potential)
• TipRanks consensus rating: Strong Buy

A couple of the industrial sector's representatives on this list of 's top stocks to invest in come from the automotive industry. That includes General Motors (GM, $), which is one of several auto giants shifting away from internal combustion engine (ICE) vehicles and toward electric vehicles (EVs).

Indeed, GM has invested heavily in a robust pipeline that should see the automaker produce dozens of EVs byeffectively making it a stalwart in the industry.

"We believe the GM EV transformation story heading into is starting to get recognized by the Street as we believe a EV driven re-rating is now in process," Wedbush analyst Daniel Ives (Outperform) said in November. "With the Tesla trillion-dollar valuation and growing EV appetite among investors for new innovative EV stories, top stocks to invest in august 2022, the vertical integration capabilities of GM and conversion of its massive customer base to electric vehicles over the coming years represents a transformational opportunity for [CEO Mary] Barra & Co. looking ahead."

"We believe GM has a golden opportunity to lay the groundwork and ultimately convert 20% of its massive customer base to EVs by and north of 50% by ," adds Ives, who says GM shares could hit $ over the next 12 top stocks to invest in august 2022 18 months, or a 75% return from current levels.

He's not alone. Over the past three months, General Motors' stock has earned 11 Buy calls versus just two Holds. Here's what other analysts have to say about GM's future.

14 of 22

www.oldyorkcellars.com

• Market value: $ billion
• TipRanks consensus price target: $ (33% upside potential)
• TipRanks consensus rating: Strong Buy

was a year of continued economic acceleration, particularly in industries that involve cloud-based or digital transformation companies. One of the largest and most fundamentally sound of those companies is www.oldyorkcellars.com (CRM, $), which is highly rated by some of Wall Street's most accurate analysts.

www.oldyorkcellars.com provides enterprise-level customer relations and general management software solutions, as well as data analytics and communications tools. The firm completed its massively expensive takeover of business communication platform Slack this past July – a development many analysts were ultimately bullish on.

After reporting its October earnings on Nov. 30, Wedbush's Ives opined that despite its in-line operating margin outlook, "Salesforce's customer diversification, product portfolio breadth, and ratable SaaS model is continuing to gain significant momentum in the field as the digital transformation spending cycle kicks into its next gear of growth."

Argus Research's Joseph Bonner is plenty bullish too, reaffirming a Buy rating in early December.

"Salesforce is well positioned to exploit the secular trends in enterprise software toward digital transformation focused on customer experience, top stocks to invest in august 2022, software-as-a-service cloud solutions, data analytics, and platform software services, and away from higher-cost on-premise solutions," he says. "We think that Salesforce has seized the center of the converging enterprise cloud/customer relationship management universe."

Among TipRanks-surveyed analysts, 23 have called www.oldyorkcellars.com a Buy over the past three months, versus just two Holds and no Sells. Find out what other analysts have to say about CRM.

15 of 22

Beauty Health

• Market value: $ billion
• TipRanks consensus price target: $ (38% upside potential)
• TipRanks consensus rating: Strong Buy

Sometimes an industry can use a cleansing – even in beauty. Category-creating Beauty Health (SKIN, top stocks to invest in august 2022, $) has enjoyed firm reception of its flagship brand, the HydraFacial. This non-invasive treatment is paired by the company with its community of estheticians and partners, and considers itself to be a bridge between the "skin correction" and "skin care" realms.

After going public via a reverse SPAC merger in late NovemberSKIN shares have more than doubled. Analysts remain bullish going intohowever, with four of the five pros who have weighed in on Beauty Health in the past three months calling it a Buy – this despite the company's CEO, Clint Carnell, announcing he would step down from the top spot effective the start of the new year. (Executive Chairman Brent Saunders will act as interim CEO until a permanent replacement is found.)

Jefferies analysts came away pleased after a November meetup with management and list SKIN among its stocks to invest in for

"The CEO transition pressured shares creating a degree of near-term uncertainty, but we left top stocks to invest in august 2022 hosted event with optimism that a new appointment will bring skills that will accelerate the growth thesis – multi-brand through M&A, amplified organic growth, new consumer product expansion, and un/undertapped international markets," Jefferies' team says. "The scope of the biz is changing to be quickly bigger and demands a CEO with scaled experience. This frees Mr. Carnell to do what he does best – finding small emerging brands, brokering capital & talent to drive growth, upsizing biz 2x-3x, and prepping it for sale.

SKIN shares have earned Buy ratings from four of the five analysts covering it. See what they have to say on TipRanks.

16 of 22

RH

• Market value: $ billion
• TipRanks consensus price target: $ (46% upside potential)
• TipRanks consensus rating: Strong Buy

As mentioned in our discussion of Lowe's, the COVID pandemic spurred homeowners to splurge on improving their homes. That wasn't just good for DIY companies – it also was a boon for home furnishing retailers such as RH (RH, $), which most people know as Restoration Hardware.

RH shares are up a whopping % from the market's March 23,top stocks to invest in august 2022, low – an impressive figure, but one that reflects some cooling-off of late. Shares had delivered as much as an % gain through August but have since lost more than a quarter of their peak value.

That's OK. RH has consistently beaten earnings estimates – an impressive feat considering rising shipping costs and ongoing supply-chain constraints. (RH imports top stocks to invest in august 2022 of its domestic product from Chinese manufacturers.) To deal with inflationary concerns, the company has hiked its prices several times, but RH's largely well-to-do consumers have digested them with little change in behavior.

That's why analysts largely see RH as one of the top stocks to invest in for

JPMorgan analyst Christopher Horvers (Overweight) highlights a laundry list of initiatives in store for

"RH reiterated that a number of new initiatives remain on track for FY22, top stocks to invest in august 2022, including the launch of RH Contemporary (with a dedicated sourcebook, freestanding gallery, dedicated website and national advertising campaign), RH England gallery opening in spring/summer, RH Guesthouse in NYC, the unveiling of the World of RH web portal, the lift off of RH1 and RH2 charter planes, the sailing of RH3 the yacht, and the expansion of RH In-Your-Home service."

Horvers is one of seven analysts tracked by TipRanks who have sounded off on RH shares over the past three months. All seven have been Buys. Check out Top stocks to invest in august 2022 price targets at TipRanks.

17 of 22

Twilio

• Market value: $ billion
• TipRanks consensus price target: $ (63% upside potential)
• TipRanks consensus rating: Strong Buy

Twilio (TWLO, top stocks to invest in august 2022, $) capitalized on the pandemic shift to stock market investors forum and app-based commerce. The company provides a platform through which firms can better communicate with their customers, across multiple application channels.

As more companies switch to tech-centric operations, Twilio's communication APIs (application programming interfaces) are increasingly essential sebastian cichowski energa invest reaching consumers and offering proper customer service. Moreover, the company has expanded beyond simple SMS and messaging platforms and now also offers voice and video products, which are becoming standard in the customer service realm.

As high-capacity software becomes more ubiquitous in business, the necessity of APIs grows in tandem with that standard.

Unsurprisingly, from the Feb. 19,start of the COVID bear market through the same time inTWLO shares returned % versus just 17% for the broader market. However, the market has since pivoted hard, away from COVID plays and toward reopening plays, and Twilio's stock has suffered a 40% decline since February as a result.

A rebound opportunity, then, is why many analysts have TWLO among their top stocks to invest in as we enter

"Every company is increasingly realizing technology is table stakes, serving as a strong tailwind to Twilio," say RBC Capital Markets analysts, who rate the stock at Outperform. "We believe Twilio plays a crucial role in allowing companies to communicate with customers across all channels."

RBC is among the 17 of 18 analysts producing Buy calls on TWLO over the past three months. Here's what those other analysts have to say about TWLO.

18 of 22

www.oldyorkcellars.com

• Market value: $ billion
• TipRanks consensus price target: $ (64% upside potential)
• TipRanks consensus rating: Strong Buy

Chinese stocks, facing intense regulatory intervention, were a disaster in E-commerce giant Alibaba (BABA) lost more than half of its value. Private tutoring firm TAL Education Group (TAL) hemorrhaged a whopping 95% across the year.

Online retailer www.oldyorkcellars.com (JD, $) has been relatively stable, shedding "just" 25% since the start of The online marketplace has invested heavily in robotics and drone tech to reach its billions of users. It's impressively vertically integrated across its logistics and storage network, top stocks to invest in august 2022, and it's considered well-poised to continue capturing Chinese market share.

Analysts see more than 60% upside potential out of JD shares inmaking it potentially one of the best international stocks to invest in – but extreme caution is warranted. A late December note from Stifel's analysts, in response to Chinese internet giant Tencent (TCEHY) scything its stake in www.oldyorkcellars.com to % from 17%, shows the frustration bulls are constantly being subjected to.

"While there is no fundamental business impact to the ownership change, investors have viewed JD as being aligned with Tencent in its battle with Alibaba, top stocks to invest in august 2022. For this reason, we view the change as a negative but also believe JD's business is performing very well," they say. "Given the changing operating conditions in China that never seem to end, it is difficult to have any conviction in shares of companies like JD at the moment. Just as you think the environment may be normalizing, you take the next punch to the face.

"We continue to believe conditions will improve at some point, top stocks to invest in august 2022, but at the moment, that assessment has never seemed more wrong."

And yet, Stifel's analysts finished the note by reiterating their Buy rating. See what other analysts have to say about JD shares.

19 of 22

Zynga

• Market value: $ billion
• TipRanks consensus price target: $ (65% upside potential)
• TipRanks consensus rating: Strong Buy

Once a social-media gaming giant known for titles like FarmVille and Words With Friends, Zynga (ZNGA, $) eventually declined in relevance as promising sequels failed to find footing and connect with users. However, at the onset of the pandemic, as individuals were stuck at home on their phones and tablets, the game developer saw a hike in interest for its hyper-casual time-killing games.

These games are distinct for their minimalist and highly addictive nature, and are a part of a rapidly growing segment within the industry.

Zynga has been focusing on scaling its business and releasing exciting new titles. Moreover, the increased strategic direction placed on user acquisition and retention has helped in driving ad revenues.

ZNGA is highly rated by Wall Street's analysts, with 12 out of 13 ratings within the past three top stocks to invest in august 2022 categorized as Buys. Among them is Stifel, which has a $12 price target on ZNGA shares.

"The company made a subtle change to its outlook, now targeting bookings to increase by low double-digits, whereas prior commentary suggested this rate of growth would be organic," Stifel analysts wrote in November following the company's quarterly report. "Also, the company has made good progress around the integration of Chartboost, which should deliver $20 million-$30 million in synergies in '"

20 of 22

Fisker

• Market value: $ billion
• TipRanks consensus price target: $ (66% upside potential)
• TipRanks consensus rating: Strong Buy

The nascent electric vehicle industry is a popular place to look for growth. While many established automakers are transitioning their fleets to include electric options, pure-play EV maker Fisker (FSR, $) has revived its brand and is focusing on the luxury SUV market.

The company is led by Henrik Fisker, a seasoned automotive veteran who has designed high-performance vehicles for multiple luxury manufacturers. Its hopes are currently resting on the Fisker Ocean, a mid-size premium SUV slated to hit the mass market during the second half of

"Using CATL's LFP batteries, the base Ocean comes with about miles of ranger per charge and starts at $37, The vehicle also has two more expensive trims, the Extreme ($68,) and Ultra ($49,) variants, which use CATL's NMC battery chemistry and come with / miles of range, respectively," says Deutsche Bank. "The middle trim seemingly offers particularly good range and acceleration for the price, with miles of range and in just seconds for just $49,"

Fisker doesn't have a large analyst following at just seven pros currently, but 66% projected upside on average signals that they believe this moonshot could be one of 's top stocks to invest in. See what the pros have to say.

21 of 22

Sonos

• Market value: $ billion
• TipRanks consensus price target: $ (67% upside potential)
• TipRanks consensus rating: Strong Buy

Sonos (SONO, $) manufactures a scalable smart-speaker platform for homes and businesses. The company boasts a high rate of customer retention thanks to its options, which have expanded in variety over the years.

Jefferies analyst Brent Thill (Buy) notes that 46% of new Sonos product purchases in originated from top stocks to invest in august 2022 users, top stocks to invest in august 2022. "This is evidence that [Sonos'] approach is resonating with consumers" he says, random jobs that make alot of money gives top stocks to invest in august 2022 continued confidence that customers are willing to wait for products."

Thill also believes Sonos is underestimating its own potential in

"We believe SONO likely provided somewhat conservative FY22 guidance as it weighs the impacts of a challenging supply to its outlook," he says. "We note that inSONO was a beat-and-raise story, with original FY21 guidance calling for 13% growth at the high end of the range vs 29% actual growth."

The company also enjoyed an important intellectual-property victory inwhen a U.S. trade judge said Google had infringed upon five Sonos patents. These and other patents are expected to only become more relevant amid the rise of audio and voice recognition/command applications.

Just two analysts have weighed in on SONO shares of late, though both have called the stock a Buy, giving it a consensus Strong Buy rating. Here's what Sonos' recent analyst coverage looks like.

22 of 22

Under Armour

• Market value: $ billion
• TipRanks consensus price target: $ (82% upside potential)
• TipRanks consensus rating: Strong Buy

Consumer retail spending has picked up thanks in part to capital injections into the economy. That's good news for sports equipment and apparel retailer Under Armour (UAA, $), which has been effectively rangebound over the past five years.

Deutsche Bank analyst Gabriella Carbone says UAA is "an attractive long-term story that is returning to consistent top-line growth with significantly improving flow-through and profitability."

"UAA has further runway to expand gross profit margin through SKU reductions, vendor negotiations, more premium pricing and fewer markdowns," adds Carbone, who rates Under Armour's shares at Buy with a $36 price target that implies the stock will double within the next year.

She's not alone. From a price-target standpoint, UAA is one of the best stocks to invest in for ; analysts' average price target issued over the past three months is more than $32, or 82% upside from current levels. Find out what other analysts think about UAA at TipRanks.

It's been a volatile stretch for the stock market. From pandemic-induced sell-offs, record highs in and a bumpy start tothe market has certainly tested investors' mettle. But when looking for the best stocks, investors should consider long-term performance, not short-term volatility. To help with that, we've compiled the best stocks in the S&Pmeasured by year-to-date performance.

Are these the best stocks to buy now? Not necessarily. Not only is predicting the future of even the current top-performing stocks a job the pros haven’t yet mastered, but the best stocks for your portfolio aren’t necessarily the best stocks for someone else’s portfolio.

If you're looking for the best stocks to invest in, you might also want to consider investing in stocks through index funds.

» Learn more:How to invest in index funds

Here are the best-performing stocks in the S&P so far this year.

Data is current as of March 2,

Picking individual stocks is difficult, which is why many investors turn to index mutual funds and exchange-traded funds, which bundle many stocks together.

When individual stocks come together into a diversified portfolio via index funds, they have a lot of power: The S&P index — which includes approximately of the largest companies in the U.S. — has posted an average annual return of nearly 10% since

An S&P index fund or ETF will aim to mirror the performance of the S&P by investing in the companies that make up that index. Likewise, investors can track the DJIA with an index fund tied to that benchmark. If you want to cast a wider net, you could purchase a total stock market fund, which will hold thousands of stocks.

Within an index fund, the winners balance out the losers — and you don’t have to forecast which is which. That’s why many financial advisors think low-cost index funds and exchange-traded funds should form the basis of a long-term portfolio.

» Looking for investment research?Read our review of Morningstar

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Index funds won’t beat the market. They aren’t supposed to. An index fund’s goal is to match the returns posted by its benchmark — for an S&P fund, that benchmark is the S&P There are index funds that track a range of underlying assets, from small-cap stocks, to international stocks, bonds and commodities such as gold.

Index funds are inherently diversified, at least among the segment of the market they track. Because of that, all it takes is a few of these funds top stocks to invest in august 2022 build a well-rounded, diversified portfolio. They’re also less risky than attempting to pick a few could-be winners out of a lineup of stocks.

The downside: Some might argue they’re significantly less thrilling than chasing the current hot top stocks to invest in august 2022. If you’re seeking that stock-picking rush, you might consider a happy middle ground: Dedicate a small portion of your portfolio to predicting the next big thing, and use index funds for the rest.

Disclosure: The author held no positions in the aforementioned investments at the original time of publication.

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Historically, the stock market has averaged a high single-digit return for investors. But inthe benchmark S&P doled out a 27% gain and set nearly six dozen all-time closing highs.

Yet in spite of these big gains, select Wall Street analysts and investment banks still foresee significant upside in a number of growth stocks. Based on the high-water month price targets from Wall Street, the following five growth stocks offer upside ranging from % to as much as % in

Image source: Getty Images.

Nio: Implied upside of %

Think electric vehicle (EV) stocks have soared? According to one investment bank, which has a currency-converted price target of $ on China-based Nio( NIO % ), the good times are just getting started. If this price target were to come to fruition, Nio shares could rally close to % in

Although shares of the company looked very expensive at this time last year, management has done an excellent job of ramping up production, even with persistent supply chain issues plaguing the auto industry. In November and December, Nio delivered nearly 10, EVs and 10, EVs, respectively, putting it on track for an annual run rate ofEVs. Thanks to organic growth and the expected introduction of three new vehicles, the expectation is for the company to be producing at an annual run rate ofEVs by year's end.

Nio's battery-as-a-service (BaaS) program is also genius. Introduced in Augustthe Top stocks to invest in august 2022 program allows buyers to charge, swap, and upgrade their batteries, as well as receive a discount on the initial purchase price of their EV. In return, buyers pay a monthly fee to Nio. The company is effectively forgoing a little short-term, low-margin revenue for higher-margin long-term cash flow and improved customer loyalty.

I never thought I'd say these words but I'm excited about an EV stock.

Image source: Pinterest.

Pinterest: Implied upside of %

Another highly popular growth stock with the potential to more than double in is social media platform Pinterest( PINS % ). Wall Street's loftiest price target foresees shares heading to $83 in 12 months, which would imply upside of almost %.

Last year, Pinterest's shares took it on the chin after the second and third quarters showed sequential declines in the company's monthly active user (MAU) count. Superficially, this might sound concerning, but it represents nothing more than a reversion to historic MAU growth with coronavirus vaccination rates ticking higher.

What's far more important to recognize is that Pinterest is successfully monetizing its users. Despite slower MAU growth, the company's average revenue per user (ARPU) globally surged 37% in the third quarter, with international ARPU up more than twice that amount (81%) from the prior-year period. The takeaway here is simple: Advertisers are willing to pay more to get their message in front of Pinterest's million potentially motivated shoppers.

As a Pinterest shareholder, I also appreciate how perfect the operating model is for advertisers. There's no guesswork involved. The premise of the platform is for users to share what things, services, and places interest them. This makes it easy for Pinterest to connect users with merchants that can cater to their interests. There's a good reason I picked this stock to double in

Image source: Block.

Block: Implied upside of %

Pandemic darling Block( SQ % ), the company formerly known as Square, is another growth stock with significant upside, at least according to Wall Street's price targets. With a Street-high prognostication of $ from Sean Horgan at Rosenblatt Securities, Block could offer % upside this year. 

For more than a decade, Block has relied on its seller ecosystem to do most of its heavy lifting. This is the operating segment that provides point-of-sale devices, loans, and analytics to help merchants grow their business. Ingross payment volume (GPV) on Block's network totaled $ billion. But as of the third quarter, top stocks to invest in august 2022, run rate GPV was $ billion. 

The really interesting aspect of the seller ecosystem is that it's no longer just a haven for small businesses. Two-thirds of the company's third-quarter GPV originated from businesses with top stocks to invest in august 2022 least $, in annualized revenue. That was up about 10 percentage points from the comparable quarter two years ago. Since this is a predominantly fee-based segment, bigger merchants will yield higher gross profit.

But what really has investors chirping is digital peer-to-peer payment platform Cash App. As of mid, Cash App was generating $55 in gross profit per monthly transacting active customer and only spending around $5 to acquire each new user. The number of MAUs also more than quintupled to 36 million by the end ofcompared to where they sat at the end of While a doubling in shares in might be asking a bit much, "up" does seem to be the direction Block is headed.

Image source: Getty Images.

Columbia Care: Implied upside of %

A fourth fast-paced company with incredible upside, per Wall Street, is marijuana stockColumbia Care( CCHWF % ). Based on the Street-high price target of 19 Canadian dollars ($) from PI Financial, Columbia Care has the potential to more than quintuple investors' money in  

To address an important concern, cannabis investors should understand that federal legalization isn't a requirement for pot stocks to be successful. While federal legalization would reduce a handful of operating inefficiencies, companies like Columbia Care are primed for success as long as individual states are allowed to regulate their own weed industries.

Columbia Care has a two-pronged strategy for success in the cannabis space. First, it's an aggressive acquirer. Making modestly sized acquisitions has helped the company broaden its reach and grow its existing presence in high-dollar legalized markets. For instance, the $ million Green Leaf Medical buyout expanded the company's reach in the mid-Atlantic, while its $42 million Medicine Man purchase bolstered its presence in Colorado, the nation's No. 2 pot market by annual sales.

The other key for Columbia Care is focusing on limited-license markets, such as Ohio, Virginia, and Pennsylvania, top stocks to invest in august 2022. Limited-license markets cap how many retail licenses are issued in total, as well as to a single business, thereby allowing smaller and/or newer players an opportunity to build up their brand(s).

Though I believe % upside is asking a bit much, Columbia Care should have a much better -- especially if the company pushes toward recurring profitability.

Image source: Getty Images.

Plug Power: Implied upside of %

A fifth and final growth stock with serious upside inaccording to Wall Street, is hydrogen fuel-cell solutions top stocks to invest in august 2022 Plug Power( PLUG % ). If analyst Amit Dayal of H.C. Wainwright is accurate, shares of Plug Power could climb more than % to $78 over the next 12 months.

Plug finds itself at the center of a renewable energy revolution. Pretty much all developed countries worldwide are fighting back against climate change and planning to lean on multiple forms of renewable energy sources. This includes the hydrogen fuel cells for vehicles as well as hydrogen refilling stations. In other words, the company has multiple paths to revenue (new vehicles and infrastructure).

Last year, the buzz about Plug Power really amounted to two early-year partnerships the company landed. SK Group took a 10% equity stake in the company, with the duo aiming to bring fuel-cell solutions to vehicles and refilling stations throughout South Korea. Meanwhile, a joint venture with French automaker Renault, known as Hyvia, will see Plug and Renault target Europe's light commercial vehicle market.

Although the company's sales and backlog have been growing quickly, so has its market cap. At a valuation north of $16 billion, and still a few years away from profitability, I'd be hard-pressed to see how Plug Power reaches $78 without blowing Wall Street's bottom-line expectations out of the water in

New year, new you, new opportunities to get smarter, happier, and richer!

Despite the tumult of the continuing pandemic, Wall Street had itself another fine year. The benchmark S&P registered its second most all-time closing highs in a single year and ultimately more than doubled up its average annual total return of 11%, dating back to

But no matter how high the broader market indexes climb, there will always be opportunities for investors to grow their wealth and possibly even double their money. As we steam forward into a new year, here are 22 stocks that could double your money in

Image source: Getty Images.

1. Pinterest

While you'll find plenty of small- and mid-cap stocks with %-plus upside potential on this list, don't overlook large-cap stocks like social media giant Pinterest( PINS % ). After all, winners keep winning.

InWall Street struggled to digest modest sequential quarterly declines in Pinterest's monthly active users (MAUs). This decline was the expected reaction as coronavirus vaccination rates kept ticking higher and people returned to some activities outside their homes. But this laser-focus on Pinterest's MAUs misses two critical points that make it a screaming buy at its current share price.

To begin with, there's been no slowdown in the monetization of Pinterest's MAUs, even if new user growth is returning to historic norms. The September quarter featured a global average revenue per user (ARPU) increase of 37%, with international ARPU rising 81%. In simple terms, advertisers have proved more than willing to pay up to get their message in front of Pinterest's million monthly users. 

Second, Wall Street is apparently forgetting how perfect Pinterest's model is for attracting ad revenue. The entire premise is built on having its MAUs share the things, places, top stocks to invest in august 2022, and services that interest them. With no guesswork involved, merchants can effectively target their ad dollars at users who'd be likely to top stocks to invest in august 2022 a purchase. This puts Pinterest on track to eventually become a force in e-commerce.

Image source: Getty Images.

2. PubMatic

One of the smartest ways to potentially double your money in is to consider putting it to work in cloud-based programmatic advertising technology company PubMatic( PUBM % ).

PubMatic is what's known as a sell-side platform. SSPs go to work for publishers by selling their display space to advertisers. Though its clients can provide input, such as setting the minimum price accepted to sell display space, PubMatic's cloud-based infrastructure handles everything with machine-learning algorithms. By optimizing what messages users see, PubMatic can keep advertisers happy while boosting the pricing power of its clients (i.e., publishers) over time.

What really sets PubMatic up for success is its focus on digital advertising. According to the company, global digital ad spend should average a 10% annual increase between and as people shift their content consumption habits. However, PubMatic has consistently grown at two or more times this rate. That's because nearly two-thirds of its revenue comes from mobile and omnichannel formats, which includes connected TV.

Furthermore, the company's clients really seem to love the service, as evidenced by four consecutive quarters of a net dollar-based retention rate of % (or more), top stocks to invest in august 2022. In simple terms, that means existing clients have spent at least 50% more year-over-year for the past four quarters. With PubMatic consistently crushing Wall Street's expectations, this shift to digital ads could send its shares a lot higher this year.

The facade of the Planet 13 SuperStore in Las Vegas. Image source: Planet

3. Planet 13 Holdings

Cannabis may well top stocks to invest in august 2022 one of the most consistent double-digit growth opportunities of the decade. With the U.S. representing the epicenter of this growth, multistate operator (MSO) Planet 13 Holdings( PLNH.F % ) has a real shot to double your money.

Most MSOs are all about establishing a presence in as many states as possible. That's not Planet 13's modus operandi. It's focused just as much on providing a unique experience for customers as it is on making sales.

Planet 13 has only two operating dispensaries, but there's nothing else like them in the United States. The Las Vegas SuperStore spanssquare feet (that's bigger than the average Walmart), and has a café, events center, and consumer-facing processing center. Meanwhile, the more recently opened Orange County SuperStore has 55, square feet of space, 16, square feet of which is devoted to selling.

Planet 13's immersive and tech-integrated store designs do tend to work best in tourist-heavy locations. The next three stores to be opened will be in Chicago, Orlando, and Miami. However, the pandemic taught the company the value of appealing to local residents. With a steady stream of local customers mixed in with tourists, this company is ready to push to recurring profitability this year.

Image source: Getty Images.

4. Axon Enterprise

It's not often you see a borderline large-cap company effectively double its total addressable market (TAM) overnight, but that's what Axon Enterprise( AXON % ) dropped on investors with its third-quarter shareholder letter. Axon now believes its TAM is $52 billion, up from a prior forecast of $27 billion.

Axon is the company behind the popular less-than-lethal Taser devices used by law enforcement. It's also responsible for many of the body cameras worn by peace officers, and it provides evidence-database software used in police top stocks to invest in august 2022. With many major cities focused on social reforms, Axon's products have become front-and-center solutions for greater law enforcement transparency.

The secret sauce to Axon's TAM nearly doubling is its broadening focus to also include the consumer market. Management plans to roll out its less-than-lethal Taser products to consumers, top stocks to invest in august 2022, as well as offer a consumer-focused smartphone app, which'll be unveiled in Based on management's estimates, the individual consumer market could offer a higher TAM than what law enforcement can bring in.

Likewise, Axon has (pardon the pun) worlds of international potential. Even though domestic sales make up the lion's share of its existing revenue, international sales grew twice as fast as domestic revenue (70% vs. 34%) in the September-ended quarter. Representing close to $15 billion in TAM, overseas markets could be the icing on the cake that leads Axon to double in

Image source: Getty Images.

5. EverQuote

One company I'm doubling down on is online insurance marketplace EverQuote( EVER % ). I say "double down" because it was a stock I felt would outperform inbut it fell flat in a big way. This year should hopefully flip the script for this fast-paced small-cap stock.

Although the insurance industry is a moneymaker, it's generally slow-growing. EverQuote operates in arguably the fastest-growing subsection: digital advertising. The expectation is for insurance-related digital ad spend to increase by an annualized rate of 16% through  

EverQuote is already working with 19 of the top 20 auto insurers, which allows it to present thorough price comparisons to consumers. Meanwhile, its platform lures in motivated buyers, which essentially means insurers are able to more effectively utilize their marketing dollars. As consumer buying habits shift online, EverQuote's role as a leading insurance marketplace will only expand over time.

Furthermore, EverQuote has moved into new verticals over the past couple of years, including home, rental, health, life, and commercial insurance. These verticals have grown at an even faster rate than its traditional auto insurance segment, and they provide a nice opportunity to book high-margin add-on revenue.

Image source: Getty Images.

6. Novavax

It's no secret that coronavirus disease (COVID) stocks have been on fire since the pandemic began. But one COVID stock still offers incredible upside and the real chance to double in Say hello to Novavax( NVAX % ).

Although the COVID vaccine field continues to grow, Novavax stands out. The company's vaccine, NVX-CoV, was tested in two large-scale studies. It produced an % vaccine efficacy (VE) in the U.K. and a % VE in the U.S./Mexico trial. Top stocks to invest in august 2022 Novavax, only three COVID vaccines have produced an efficacy of 90% or higher, which should allow the company to eventually slide in as the global No. 3 COVID vaccine provider.

The mutability of the SARS-CoV-2 virus that causes COVID top stocks to invest in august 2022 also working in Novavax's favor. Instead of simply benefiting from an initial inoculation campaign, the introduction of new viral variants provides Novavax a way to generate recurring revenue. The company's drug-development platform is designed to with speed and efficacy in mind to develop booster shots and variant-specific vaccines.

Best of all, you're getting Novavax at a discount. Short-term regulatory filings delays and production concerns held the company's share price down throughout Most of these worries are now in the rearview mirror. With the company likely to win numerous emergency-use authorizations this year, it's a good bet to become a key player in the ongoing fight against COVID

Image source: Getty Images.

7. GrowGeneration

Following a month roller-coaster ride, top stocks to invest in august 2022, retail hydroponic and organic gardening chain GrowGeneration( GRWG % ) looks ripe top stocks to invest in august 2022 the picking and ready to double.

Between March and FebruaryGrowGen was one of the hottest stocks on Wall Street, with shares skyrocketing more than twentyfold. But since hitting its week high, shares are now down close to 80%. This huge reversion looks to be based on slowing organic growth, as well as higher inflation, which could weigh on the company's margins. Though its 80% reversion has been less than ideal for existing shareholders, it's the perfect entry point for new investors.

The two-pronged strategy that'll allow GrowGeneration to be a portfolio superstar is its inorganic expansion, as well as its omnichannel presence. In terms of the former, GrowGen has regularly leaned on acquisitions to expand its reach into new and existing high-dollar markets. This is a company with lighting, nutrient, top stocks to invest in august 2022, soil, and hydroponic solutions that appeal to both the consumer and enterprise markets, and it has been especially popular among cannabis growers. GrowGen currently has 62 stores in 13 states. 

Beyond leaning on buyouts, top stocks to invest in august 2022, GrowGeneration is building up its e-commerce presence and focusing on private-label and proprietary brands to lift its long-term margins.

Once valued at more than 10 times sales and over times forecasted earnings, GrowGen now goes for well under 2 two times sales and top stocks to invest in august 2022 to 40 times Wall Street's consensus earnings for

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Image source: Getty Images.

8. Bark

In the U.S., 69 million households own a dog, according to the American Pet Products Association. Furthermore, pet owners haven't reduced year-over-year spending on their furry family members in over a quarter of a century. This makes dog-focused products and services company Bark( BARK % ) the perfect candidate to fetch investors a double in

What makes Bark so special is the company's subscription-based operating model. Even though earn quick money now products can be found in more than 23, retail doors nationwide, 89% of the company's revenue derived from direct-to-consumer sales in the third quarter. The subscription model tends to lead to higher customer retention rates, predictable cash flow, and lower overhead expenses. As a result, Bark's gross margin has consistently hovered between a juicy 58% and 60%.

The company's marketing campaigns are paying dividends, too. In less than two years, top stocks to invest in august 2022, the number of subscribers has more than doubled from less than a million to approximately million, as of September. 

And don't overlook Bark's innovation as a growth catalyst. The introduction of Bark Home, which provides basic necessities like collars and beds, top stocks to invest in august 2022, and Bark Eats, a service that helps owners craft a customized dry-food diet for their pooch, are the perfect complements to drive add-on sales.

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Image source: Getty Images.

9. Kinross Gold

Gold stocks didn't have a particularly good But the upcoming year could allow Kinross Gold ( KGC % ) to regain its luster in a big way.

To state the obvious, gold-mining stocks benefit when the price of the metal they're digging out of the ground appreciates in value, top stocks to invest in august 2022. The lustrous yellow metal should benefit from historically low bond yields (i.e., there aren't many ways to generate inflation-topping returns with bonds) and will probably receive a lift from inflation that's hit levels not seen since the Reagan administration. A bounce back year for gold seems likely.

But Kinross isn't just sitting on its laurels and letting the physical price of gold do all the work. The most exciting advancement is the Tasiast 21k project. By the end of March, the company's throughput at the key Tasiast mine in Mauritania should reach 21, tonnes per day. By mid, the Tasiast 24k project will be complete, and throughput will advance to 24, tonnes/day. These projects will nearly double the annual output of the mine and lower all-in sustaining costs to a mere $ per gold ounce.

Kinross Gold has a veritable mountain of long-term projects as well, including Fort Knox, La Coipa, and Chulbatkan. The company is regularly replenishing or growing its precious metal reserves. 

With Kinross expected to grow its output from million gold equivalent ounces (GEO) in to million GEO ina multiple of times this year's estimated cash flow per share is too cheap to pass up.

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Image source: Getty Images.

Root

All investments come with risk, but some are riskier than others. Innovative insurance company Root( ROOT % ) falls into the high-risk/high-reward category. But if things go right inshares could very easily double.

Root is attempting to disrupt a stodgy industry that's been pricing auto insurance policies using metrics that have absolutely nothing to do with the quality of someone's driving, such as credit score and marital status. It aims to do this by leaning on telematics, top stocks to invest in august 2022. Using sensitive instrumentation found in smartphones, Root can measure G-forces based on braking, turning, and accelerating to determine how safe a driver really is behind the wheel. In short, the company believes it can offer drivers an accurately priced auto insurance policy on the spot.

Initial operating results from Root have been mixed but encouraging. For the time being, the company is reporting sizable per-share losses as it focuses on signing up new customers and building up its brand. However, this hasn't stopped it from reporting gross accident period loss ratios below %. Any figure below % represents a profitably written policy. While loss ratios have been a bit erratic because of the pandemic, the initial takeaway is that a telematics-based approach can work.

If Root's accident loss ratios stabilize or decline (a lower number means a more profitable policy) intop stocks to invest in august 2022 could be a big winner.

The all-electric Nio EC6 crossover was introduced in Image source: Nio.

Nio

A year ago, electric vehicle (EV) manufacturer Nio( NIO % ) wasn't a company I'd touch with a foot pole. But after watching management navigate the numerous challenges presented by the pandemic, I'm extremely impressed by the company's execution and have changed my tune -- so much so that I believe, under the right circumstances, Nio could double in

Throughout the second and third quarters ofthe auto industry was constrained by semiconductor chip shortages and other supply chain snafus. This situation held back Nio's expansion efforts. But these issues are now abating, and the company's top stocks to invest in august 2022 are soaring. In November, Nio delivered 10, vehicles, which equates to an annual run rate of more thanEVs. By the end of this year, management is targeting an annual run rate ofEVs. If this ramp-up continues, quadrupling sales by is easily doable.

In addition to ramping production, Nio is being driven by innovation. It'll be introducing three new EVs this year, and it will continue to lean on the battery-as-a-service top stocks to invest in august 2022 (BaaS) that was introduced in August The BaaS program provides battery charging and swap-outs for Nio EV owners for a monthly fee. In exchange, buyers receive a discount off the initial purchase price of their vehicle. Nio is effectively trading some near-term revenue for improved customer loyalty and juicy fee-based margin over the long run.

The topper is that the company is based in the largest auto market in the world, China. Everything appears set for Nio to floor it in

Image source: Getty Images.

Columbia Care

Another marijuana stock with the potential to double your money in the New Year is U.S. MSO Columbia Care( CCHWF % ).

Like Planet 13, Columbia Care has a unique strategy that should pay long-term dividends. First, it tends to focus on a number of limited-license bitcoin investing for beginners 2022, such as Pennsylvania, Ohio, and Massachusetts. A limited-license market caps how many retail licenses are issued in top stocks to invest in august 2022 and/or to a single business. For some MSOs, this can inhibit their ability to dominate market share in a state. But for many MSOs, like Columbia Care, these limitations provide some degree of competitive protection that allows them to effectively build up their brands and garner a loyal following.

The more important growth driver for Columbia Care is its love affair with acquisitions. Since June, the company has closed a $ million deal to acquire Green Leaf Medical and a $42 million buyout of Medicine Man. The latter should increase Columbia Care's share in the United States' No. 2 weed market, Colorado, while the former gave it a sizable Mid-Atlantic presence.

With sustainable double-digit organic sales growth and a steady diet of acquisitions, Columbia Care could easily top $1 billion in annual sales by after generating "only" $ million in sales in

Image source: Getty Images.

Opendoor Technologies

For those of you with a higher tolerance for risk and reward, technology-driven residential real estate company Opendoor Technologies( OPEN % ) could be the ticket to doubling your money in

Opendoor is the leading company in what's known as iBuying. iBuying happens when a real estate company purchases a home for cash, thereby eliminating the real estate agents that would otherwise take a commission. The process tends to be relatively fast and can quickly put cash in the pockets of those who need it, or who don't want to deal with the hassles of showing a home for months on end. Opendoor keeps a 5% fee on the sales price of a home and deducts the cost of any repairs that need to be done.

What's particularly interesting about Opendoor is that one of its top competitors, top stocks to invest in august 2022, Zillow, recently announced it would shut down its iBuying program. Zillow announced in October that it would pause buying homes, and then in November it announced a total shutdown of the segment after miscalculating home values. This hasn't been an issue for Opendoor, which nearly quintupled its year-over-year home sales in the third quarter to 5, The company also more than doubled the number of markets it serves, from 21 to  

The "risk" for Opendoor is that the Federal Reserve will almost certainly begin raising rates in In my opinion, this'll only create an incentive for fence-sitting sellers to make the leap. With plenty of liquidity and homes to back up the debt on its balance sheet, could be a booming year for Opendoor.

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Teva Pharmaceutical Industries

EverQuote isn't the only company on the list that's making a repeat appearance, top stocks to invest in august 2022. Brand-name and generic-drug stock Teva Pharmaceutical Industries( TEVA % ) looks to have the puzzle pieces in place to double.

In terms of valuation, pharmaceutical stocks don't come any cheaper. Shares can be scooped up for roughly 3 times Wall Street's forecasted earnings per share in This exceptionally low price-to-earnings ratio is a function of the opioid litigation Teva and its peers are facing, as well as other factors, such as generic-drug price weakness and a leveraged balance sheet.

Teva's secret weapon continues to be its CEO, Kare Schultz, a turnaround specialist who, since taking over in latehas slashed annual operating expenses by billions of dollars, jettisoned non-core assets, top stocks to invest in august 2022, and reduced the company's net debt from north of $34 billion to about $22 billion. There's no question Teva has more financial flexibility now than it did four years ago.

The key to Teva's doubling would be a resolution to the more than 40 state-level opioid lawsuits. The thing is, Teva and its peers recently won an opioid trial in California. With momentum now shifting, Schultz may be able to broker a nationwide deal that involves free or discounted generic medicines, as opposed to a cash settlement. If this litigation overhang disappears, Teva could soar.

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Alliance Resource Partners

What would you say if I told you that an ultra-high-yield dividend stock could double top stocks to invest in august 2022 money in ? Better yet, what if I noted that this company in question is primarily a coal producer? By now you probably think I'm nuts, but Alliance Resource Partners( ARLP % ) could very well turn coal into diamonds for its shareholders this year.

There's no sugarcoating that that Alliance Resource had a miserable Top stocks to invest in august 2022 demand and per-ton pricing dropped considerably, as did the royalty revenue the company generates from its oil and natural gas assets. It was something of a perfect storm that caused this rock-solid dividend stock to halt its payout. But a turnaround is now well under way.

According to CEO Joseph Craft, the conditions for coal, in terms of demand and pricing, remain favorable into A big increase in natural gas prices last year has lifted demand for coal production in the Eastern U.S., with capacity utilization of the company's domestic coal fleet hitting a three-year high. 

The company also has a track record of securing coal supply and price commitments domestically and abroad well in advance. Based on its expected output inperhaps 90% or more of 's output is already spoken for.

A % yield with favorable industry trends and a forward price-to-earnings ratio of 4 gives this stock a real chance to shine.

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Ping Identity Holdings

One of the smartest trends investors can put their money to work in this year is cybersecurity. Although most cybersecurity stocks trade at a premium, you can get double-digit growth and value -- along with the potential to double your money -- with Ping Identity( PING % ).

As its name implies, Ping's specialty is identity verification. The company's cloud-based platform relies on artificial intelligence to become smarter and more effective at recognizing and responding to potential threats over time. Ping is especially effective at working with on-premises security solution providers to create a unified platform. Ping is able to layer continuous verification, authentication, and authorization monitoring on users to improve overall data protection.

Admittedly, Ping didn't perform all that well during the early stage of the pandemic. Quantitative investing for the global markets some of its clients opting for shorter term-based licenses because of pandemic uncertainty, revenue growth stalled. However, annual recurring revenue (ARR) growth hasn't missed a beat. ARR is arguably a better measure of Ping's success, since virtually all of its revenue derives from subscriptions. The company's ARR has consistently grown by the mid- to high teens.

Investors should also be excited about Ping's move to push software-as-a-service (SaaS) subscription solutions. SaaS cybersecurity solutions are high margin and should provide added incentive for clients to remain loyal to Ping. At roughly 6 times Wall Street's projected sales forthis profitable cybersecurity stock is a steal.

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StoneCo

For investors who love risk and reward, fintech stock StoneCo( STNE % ) is an excellent candidate to bounce back strongly inand potentially even double.

Last year, the Brazilian-focused StoneCo struggled mightily. Its share price dropped in the neighborhood of 80%, with rapidly rising inflation and higher interest rates plaguing the Brazilian economy. Although inflation can be helpful if consumers keep buying goods and services, the costs to service StoneCo's loan segment, which is backed by its debt, becomes more expensive with rising rates.

Though Brazil is entering in a less-than-ideal scenario, top stocks to invest in august 2022, the thesis is that Wall Street has overreacted to StoneCo's recent struggles. As evidence, just take a closer look at micro- and small-business user and service utilization figures, which have all rocketed higher. The company's active paying client base more than doubled to million, with its banking client base quadrupling to north ofin a year. 

At some point, StoneCo will have to raise its banking service prices to account for higher interest rates. But the user data clearly shows that Brazil is a largely untapped market for digital purchases and peer-to-peer loans, especially to small businesses and entrepreneurs.

Furthermore, StoneCo has a history of generating adjusted profits, and its price-to-sales multiple has come down from north of 30 to approximately times Wall Street's consensus revenue figure for That's a potential bargain.

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Jushi Holdings

There's an insane amount of value among U.S. MSOs. But if my arm were twisted, small-cap stock Jushi Holdings( JUSHF % )jumps to the top of the list.

The company is a relative small fry compared with other MSOs. Last month, it opened just its 28th dispensary, with around 10 additional retail licenses waiting to be deployed. What really helps Jushi stand out is its three-state focus: Pennsylvania, Illinois, and Virginia. Last year, this trio is likely to have accounted for roughly 80% of total sales.

Why Pennsylvania, Illinois, and Virginia? They're limited-license markets. If you recall from the discussion of Columbia Care, regulators in limited-license markets purposely encourage competition. While this can be a nuisance for larger MSOs, a smaller pot stock that's angling to build up its brand, like Jushi, can take advantage of these added protections. Both Pennsylvania, where Jushi has 18 of its 28 operating dispensaries, and Illinois limit how many retail licenses are issued in total and to a single business. Meanwhile, Virginia assigns licenses based on jurisdiction.

Additional reasons to be excited about Jushi include management's willingness to deploy capital to make acquisitions in high-dollar markets, as well as having insiders with skin in the game. Approximately $45 million of the first $ million the company raised came from insiders. Good things often happen when insiders and common-stock holders have the same monetary goal.

Image source: Proto Labs.

Proto Labs

A forgotten but undervalued name that could deliver sizable gains, and perhaps even a double inis digital manufacturing company Proto Labs ( PRLB % ).

For anyone who's been investing in the stock market for the top stocks to invest in august 2022 decade, you're probably familiar with the hype and subsequent bubble-popping event that accompanied 3D printing. The application for 3D printers in healthcare and the industrial space remains insanely high. However, the uptake of individual printers sold commercially failed to come anywhere close to lofty expectations. After many years, Proto Labs is the company that looks to have emerged as the clear leader in digital manufacturing.

Despite being plagued by supply chain issues and inflation inProto Labs stands out for its operating approach, top stocks to invest in august 2022. Rather than having to constantly spend to develop new 3D printing machines to sell to businesses, it acts as a one-stop shop for digital manufacturing services. If a business needs a quick turnaround for a prototype, Proto Labs can lean on injection molding, CNC machining, or 3D printing, to get the job done. Just as you'd go to FedEx for your shipping needs, Proto Labs is the higher-margin one-stop shop for enterprise prototyping needs.

What's particularly encouraging is that all of its segments are growing, including year-over-year top stocks to invest in august 2022 growth from 3D printing and CNC machining in the third quarter. With Proto Labs now valued at 3 times projected sales indown from more than 12 times sales a year ago, it looks like a value.

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Lovesac

When you think of innovation and growth, furniture stocks probably don't come to mind. That's because the furniture industry is typically reliant on foot traffic into brick-and-mortar stores, and everyone is buying similar wholesale products. But small-cap stock Lovesac( LOVE % ) is completely shaking up the traditional furniture store operating model.

The first way it's differentiating itself is with its furniture, top stocks to invest in august 2022. Though it was originally known for its beanbag-styled chairs, called "sacs," approximately 85% of its revenue these days derives from selling modular sectional couches known as "sactionals."

Sactionals can be rearranged in dozens of configurations, which allows them to fit any living space. There are also cover choices for sactionals, meaning they'll match any color or theme of a home. Best of all, the yarn used in these covers is entirely made from recycled plastic water bottles. This combination of functionality, choice, and eco-friendliness is what's made Lovesac a favorite among millennial buyers.

Lovesac's omnichannel presence is the other key component to its success. During the initial stages of the pandemic, when foot traffic to brick-and-mortar furniture stores dried up, the company was able to shift nearly half of its total sales online, top stocks to invest in august 2022. Coupling direct-to-consumer sales with pop-up showrooms and a growing number of online and in-store partnerships has helped Lovesac dramatically lower its overhead costs and push to recurring profitability well ahead of schedule.

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Kulicke & Soffa

Even though it outperformed insemiconductor equipment company Kulicke & Soffa( KLIC % ) looks poised for an even better

Although "less is more" is rarely a phrase that works on Wall Street, a shortage of semiconductor chips, largely caused by pandemic-related supply chain disruptions, has created a golden opportunity for Kulicke & Soffa to shine. Providing the equipment and machining solutions to help businesses meet their high-tech chip production needs is what generates most of its revenue. This is especially true for the rollout of 5G in connected devices, which represents one of the most sustainable growth opportunities in high-volume semiconductor output.

But there's a lot more to this growth story than just traditional industries and sectors looking to beef up their production. Kulicke & Soffa is set to benefit from the need for more complex assembly equipment in relatively new but hypergrowth industries. Examples the company cited in its Investor Day presentation last September include automotive and industrial infrastructure for electric vehicles and their batteries. 

Likewise, my Foolish colleague Billy Duberstein has touched on Kulicke & Soffa's development of machines for micro- and mini-LED displays. Although these premium displays aren't raking in the cash yet, they could become a significant revenue driver within the next three years.

Sporting nearly $ million in net cash and a forward price-to-earnings ratio of around 10, Kulicke & Soffa appears cheap and fully capable of crushing Wall Street's expectations this year.

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LL Flooring

The 22nd and final stock that can double your money in is LL Flooring( LL % ), the company that was previously known as Lumber Liquidators until a few days ago.

LL Flooring has faced its fair share of challenges over the past year. There have been pandemic-related supply issues, higher material costs, and difficult year-over-year sales comparisons -- i.e., people were stuck in their homes during the initial waves of COVID in and spent a lot of money on hard-surface flooring upgrades. 

Ina lot of these hiccups will disappear. For example, the company will be up against more favorable year-over-year sales comps this year, and consumers will be looking for deals with lumber prices on the rise. In short, LL's reputation for providing high-quality hard surfaces at lower prices should make its stores a target destination for home remodels.

The company is gaining traction with its Pro program, top stocks to invest in august 2022, too. This is the segment that works hand in hand with hard surface installation professionals. By providing Pros with the products and software they need to grow their business, LL Flooring has worked out a mutually beneficial relationship for all parties.

Look for LL to mop the floor with Wall Street's per-share profit projections in