In the first week of 2022, experts are naming their top picks for investors this year, including three stocks with 10x potential returns, five best EV stocks to buy, and Crypto miners that could be a better bet than cryptocurrency.
$10,000 investment could bring you $100,000, and 100 grand could make $1 million in a decade by investing in one of these three stocks, according to the experts at the Motley Fool.
The three picks are:
1. MercadoLibre (NASDAQ:MELI) is expected to see continued growth in Latin American e-commerce, digital payments, and logistics. Despite its firing on all cylinders, its stock is down more than 40% from its 52-week high, and is predicted to be bound strongly this year. Morgan Stanley protects Latin America’s e-commerce market penetration rate to double by 2025. If true, MercadoLibre is the obvious winner.
2. Unity Software (NYSE:U) has an immense opportunity with the development of the metaverse, which itself is projected to become a $30 trillion market over the next 15 years. Unity has developed over 700 of the top 1000 mobile games, and its platform is #1. The company is aiming for a 60%-80% share of the metaverse. If so, Unity’s market cap could increase from its current $37 billion to at least $370 billion by 2030.
3. Twist Bioscience (NASDAQ:TWST) stands to be a massive winner in DNA data storage, as the company specializes in making synthetic DNA. This is huge because this type of DNA is used in various ways, including drug development and research. The market for synthetic DNA is roughly $1.8 billion annually and could grow by another 1 billion-per-year end tools for next-generation sequencing (NGS) sample preparation. If the company can get DNA data storage near $100 per terabyte, it’s believed a slam dunk to return ten times on investment.
We all know Tesla is the top dog in the electric vehicle (EV) market, but there are also rival companies that could prove to be hot investments as nations around the globe are encouraging the transition to EVs. Here are five top EV stocks to consider in 2022, according to NASDAQ.
Wall Street analysts see “compelling” opportunities by investing in Crypto miners rather than cryptocurrency. Though there has been a selloff, analysts say these are driven by fundamentals, and are upbeat in the outlook for the sector. Wall Street analysts still prefer miners over the cryptocurrencies they produce, according to Coin Desk.