Forecast by DotBig: Top-5 undervalued stocks of 2022 that can rock the market

Top-5 undervalued stocks of 2022

Why do stock prices decrease in 2022?

Many stocks of US-based companies are included in the S&P 500 Index. We have to conclude that this year wasn’t quite successful for investing in these products, because so far, the entire year has been a period of instability in macroeconomics. Today, the forecast for further changes cannot be optimistic because inflation and interest rates don’t seem to stop going up. Plus, the understanding of the fact that the US economy might suffer a big recession soon devalues many stocks that were considered a buy a year ago.

  • Bank of America
  • Pfizer
  • Cisco Systems
  • AbbVie Inc

Exxon Mobil

On stock exchanges, you will find the Exxon Mobil stock traded under the XOM ticker symbol. This is the biggest US representative of the oil market, whose shares are available for public trade. As of September 15, it was valued at $97.67. Over the course of a year, the XOM stock price has gone up around 54%.

Exxon Mobil stock price in 2022

Bank of America

The Bank of America stock is traded on public exchanges under the BAC ticker symbol. Similar to the previously reviewed company, Bank of America is a leader in its sector of the US market. This investment bank is one of the few commercial institutions that might determine trends in the US banking sector.

Bank of America stock price in 2022

Pfizer

During the COVID-19 pandemic, Pfizer was one of the most frequently discussed corporations. This is because Pfizer managed to create one of the most efficient vaccines against the virus. The sales of the company were also boosted by the collaboration with BioNTech SE and the joint development of boost shots. Although the Pfizer stock is down 22%, compared to the beginning of the year, DotBig experts have all the grounds to consider it a buy.

Pfizer stock price in 2022

Cisco Systems

The market of technologies always has prospects for growth that’s why, from the viewed perspective, stocks of the companies in this industry will be demanded. The Cisco Systems stock is one of the biggest undervalued assets in this sector. As of September 15, you can buy it for $43.96, which is nearly 23% lower than a year ago. This declining performance and poor quote history are related to the fact that the Cisco Systems corporation is losing the competition against its main market rivals.

Cisco Systems stock price in 2022

AbbVie Inc

AbbVie is an international pharmaceutical corporation. Its major earnings are produced from the sales of the Humira drug, which is a very successful treatment against rheumatoid arthritis. Many investors are concerned about the AbbVie Inc stock future because of the poor prospects of the company’s major drug. However, market analysts dispel this concern because they expect AbbVie Inc’s earnings to be driven by two other drugs — Skyrizi and Rinvoq. Together, they are expected to generate $15 billion by 2025. Just consider that the previous year their combined share in sales exceeded $4.5 billion.

AbbVie stock price in 2022

Final word: what to expect from the stock market in 2023

Above, we listed 5 shares of global companies we consider undervalued as of September 15, 2022. Now, the question is: will the entire stock market be able to recover in 2023, or we will be witnessing gradual dropdowns in stock prices again?

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