3 Red-Hot Stocks That Could Continue to Beat the Market
The stock markets have been rattled in recent weeks. From coronavirus fears, rising inflation, and the anticipated interest rate increases in the U.S. to geopolitical concerns elsewhere, investors have had a lot on their plates to make sense of as they've watched the markets crash and stocks across sectors buckle under the pressure. Yet even amid the bloodbath, some stocks are still beating the market, like the three red-hot stocks we'll look at that could continue to outperform.
2021 was a stellar year for legacy automaker Ford (NYSE: F), as it stepped up its electric vehicle (EV) game and outlined plans to pump more than $30 billion into EVs through 2025. By 2030, Ford expects 40%-50% of its global vehicle volumes to be all-electric. Its plans sounded so alluring that they triggered a buying frenzy in Ford stock, and by the end of 2021, Ford shares had more than doubled.
Ford stock has lost about 8% in value so far in 2022 but has held up relatively strong in recent days despite the unnerving the market volatility. The market is evidently bullish about Ford, and that optimism isn't unwarranted -- demand for Ford's EV is beating the company's own expectations, after all.
Source Fool.com
