Here's My Top Stock to Buy for 2022 and Beyond
Despite the S&P 500 surging 29% year to date, it's been a tough year for many investors. Lots of growth stocks, for instance, have underperformed this year -- and some have plummeted. Zoom Video Communications, Peloton Interactive, and Fastly, for instance, have fallen 42%, 54%, and 73%, respectively, as part of a sell-off in many growth tech stocks. With some stocks taking hits like this even as some market indices appreciated nicely, many investors may be burnt out on stock picking.
But before investors get discouraged and give up on stock picking, they should consider this idea. This stock's underlying business offers both resilience in the form of massive cash flows and a strong balance sheet and impressive long-term growth prospects. This stock idea is none other than Apple (NASDAQ: AAPL). Though the company may be well-known, its shares are arguably significantly underappreciated.
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Source Fool.com
