Every year, the major Wall Street firms we cover here at 24/7 Wall St. come out with their lists of stocks that they feel will be the top performers for the coming year. Despite the recent selling since the Federal Reserve decided to do something about the rampant inflation consumers and businesses are facing, the three major stock indexes are still up near the 20% level. Over the past five years, the markets have averaged a 17.5% gain, so almost regardless of how investors were positioned, they should have done much better than historically.
However, 2022 may be the year when the going gets tougher. Interest rates will be going higher, and companies will face much tougher comparisons than last year. With the median S&P 500 near the highs posted during the dot-com bubble, it is pretty clear stocks are not cheap.
A new BofA Securities research report features 11 stock picks for 2022, one stock for each of the 11 Global Industry Classification Standard sectors.
The post BofA Securities Out With Its 11 Top Stock Picks for 2022 originally appeared at 24/7 Wall St.