3 Beaten-Down Stocks That Could Bounce Back in 2022 -Breaking
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© Reuters. These 3 Stocks Could Boom Back from the Bottom in 2022Many analysts are still bullish about the market’s future prospects for 2022, despite the Fed’s announcement that it may accelerate the tapering of its bond buying. Based on the solid financials of these stocks, Tredegar (TG), Educational Development, and Core Molding Technologies, (CMT), we believe that they could rebound in 2022. Let’s discuss these names.Investor concerns regarding the spread of the COVID-19 omicron variant have been fostering stock market volatility. As Federal Reserve Chairman Jerome Powell suggested that Fed could accelerate its tapering of monthly bond purchases, major stock markets indexes fell yesterday.
Inflation reached a new record 6.2% in October. This is the highest since December 1990. To prevent inflation spiraling outof control, the Fed plans to reduce asset purchases and increase interest rates. However, despite the market’s volatility, Goldman Sachs Group , Inc. (NYSE:) expects the S&P 500 to hit 5,100 by the end of 2022. In addition, JPMorgan Chase & Co.’s (NYSE:) S&P 500 forecast for 2022 is among the most bullish on Wall Street.
Tredegar Corporation, Educational Development Corporation, (EDUC) and Core Molding Technologies, Inc., (CMT), have seen their stock prices drop significantly over the last year. We believe they can gain significantly in the short term, however, due to their strong fundamentals.
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