RBC's Top 30 Global Stock Investments for 2022
Inflation. Supply-chain issues. COVID. Investors face numerous hurdles in 2022, but RBC is confident in these 30 stocks' ability to weather the storm.
It will be tough to top the S&P 500's whopper of a performance in 2021. But investors can still look forward to "solid" if more "moderate" returns in the year ahead, says RBC Capital Markets – and perhaps even better with the right stock investments.
"The overall outlook for the next six to 12 months remains optimistic due to strong assessments for fundamentals, valuations, cash deployment and margins, balanced by more cautious views regarding fiscal policy," writes the U.S. Equity Strategy team at RBC.
True, COVID-19, inflation, labor, supply chain, pricing power and regulation remain key concerns, the strategists note. However, RBC industry analysts remain "generally confident in their companies' ability to manage through challenges, including omicron."
From just $107.88 $24.99 for Kiplinger Personal Finance
Become a smarter, better informed investor. Subscribe from just $107.88 $24.99, plus get up to 4 Special Issues
Sign up for Kiplinger’s Free Newsletters
Profit and prosper with the best of expert advice on investing, taxes, retirement, personal finance and more - straight to your e-mail.
Profit and prosper with the best of expert advice - straight to your e-mail.
With those factors in mind, RBC Capital Markets has put together a list of their top 30 global stock investments for the year ahead. The equity strategy team's picks span the market's 11 major sectors, and in many cases overlap with Kiplinger's own 22 best stocks to buy for 2022.
Some highlights include:
- S&P Global (SPGI, $435.39). The provider of financial information, analytics and credit ratings products ranks as one of Wall Street's 12 best financial stocks. RBC is on board as well, thanks to the firm's strategic acquisition of IHS Markit (INFO). The deal, which is expected to close in the first quarter, "should accelerate [SPGI's] revenue growth profile and deliver double-digit earnings growth driven by upside to revenue and cost synergies," RBC says. (Share prices as of Jan. 10. Analysts' consensus recommendations and other data courtesy of S&P Global Market Intelligence, unless otherwise noted.)
- ConocoPhillips (COP, $81.03). The independent oil and gas exploration & production company "offers a returns-focused value proposition, a strong balance sheet, and peer-leading distributions," RBC says. The broader analyst community definitely agrees, giving COP a consensus recommendation of Buy, with high conviction, according to S&P Global Market Intelligence. Indeed, the Street is so bullish on the name that SPGI makes the list of 9 best energy stocks to buy for 2022.
- UnitedHeath Group (UNH, $465.00). The nation's largest health insurer by market value and revenue routinely ranks among analysts' top-rated Dow Jones Industrial Average stocks, and makes the list of Wall Street's 12 best healthcare stocks to buy for 2022, as well. "Despite its scale, we believe the company offers investors a strong growth profile and excellent visibility, with earnings per share increasing at a targeted 13% to 16% clip annually," notes RBC.
See the table below for RBC Capital Market's full list of 30 best global stock investments for 2022. And be sure to check out Wall Street's top stocks to buy across individual market sectors, including analysts' 12 best industrial stocks to buy for 2022, their 12 best real estate investment trusts (REITs) and their top 12 communications services stocks for the new year.
-
Gray Divorce After 50: Managing the Shift to Your Solo 'Second Act'Gray divorce presents complex challenges for families, yet it can also catalyze self-discovery and a vibrant new chapter.
-
The Paradox Between Money and Wealth: Finding the BalanceWealth reflects a life organized around relationships, health, contribution and time — qualities that compound differently than money in a mutual fund.
-
Billed 12 Hours for a Few Seconds of Work: AI and Law FirmsThe ability of AI to reduce the time required for certain legal tasks is exposing the legal profession's reliance on the billable hour.
-
Stocks Climb Wall of Worry to Hit New Highs: Stock Market TodayThe Trump administration's threats to Fed independence and bank profitability did little to stop the bulls on Monday.
-
Dow Hits a Record High After December Jobs Report: Stock Market TodayThe S&P 500 also closed the week at its highest level on record, thanks to strong gains for Intel and Vistra.
-
Nasdaq Takes a Hit as the Tech Trade Falters: Stock Market TodayThe Dow Jones Industrial Average outperformed on strength in cyclical stocks.
-
Dow Hits New High Then Falls 466 Points: Stock Market TodayThe Nasdaq Composite, with a little help from tech's friends, rises to within 300 points of its own new all-time high.
-
Dow, S&P 500 Rise to New Closing Highs: Stock Market TodayWill President Donald Trump match his Monroe Doctrine gambit with a new Marshall Plan for Venezuela?
-
'Donroe Doctrine' Pumps Dow 594 Points: Stock Market TodayThe S&P 500 rallied but failed to turn the "Santa Claus Rally" indicator positive for 2026.
-
Stocks Struggle for Gains to Start 2026: Stock Market TodayIt's not quite the end of the world as we know it, but Warren Buffett is no longer the CEO of Berkshire Hathaway.
-
If You'd Put $1,000 Into Lowe's Stock 20 Years Ago, Here's What You'd Have TodayLowe's stock has delivered disappointing returns recently, but it's been a great holding for truly patient investors.
