{"id":59678,"date":"2022-02-04T16:14:45","date_gmt":"2022-02-04T21:14:45","guid":{"rendered":"https:\/\/www.t3live.com\/blog\/?p=59678"},"modified":"2022-02-04T16:40:08","modified_gmt":"2022-02-04T21:40:08","slug":"which-stocks-are-working-in-2022","status":"publish","type":"post","link":"https:\/\/blog.t3live.com\/2022\/02\/04\/which-stocks-are-working-in-2022\/","title":{"rendered":"Which Stocks Are Working in 2022? Not a lot…"},"content":{"rendered":"

2022 has been a crazy year for stocks. After 3 years of eye-popping gains, the S&P 500<\/strong> is down 5% with major weakness in tech stocks and small caps.<\/p>\n

We've seen the collapse of the Ark Innovation ETF (ARKK)<\/a><\/strong> amid a larger crash in growth stocks<\/a><\/strong>.<\/p>\n

And earnings season has been total chaos with plenty of winners (SNAP, AMZN) and losers (FB, SPOT).<\/p>\n

We even had “Ugly Chart Time”<\/a><\/strong> on January 21.<\/p>\n

But let's shift our tone and ask a more optimistic question: what has been working in 2022?<\/p>\n

The answer overall is… energy, banks… and not much else.<\/p>\n

The Energy Stock Craze Is Real<\/strong><\/h2>\n

In April 2020, oil prices went negative when demand collapsed because of the COVID-19 pandemic.<\/p>\n

Fast forward to February 2022, and oil is above $90 at 8-year highs.<\/p>\n

\"\"So as you might expect, energy stocks are BOOMING.<\/p>\n

The Energy Select Sector SPDR Fund<\/strong> (XLE) fund is up 27% in 2022 after a 46% run in 2021.<\/p>\n

\"\"<\/p>\n

OIH<\/strong> is also doing well, up about 25%.<\/p>\n

What else is working?<\/p>\n

Banks Are Doing Okay<\/strong><\/h2>\n

With the rising rate environment, banks are up in 2022, with the Financial Select Sector SPDR Fund<\/strong> (XLF) rising about 4%:<\/p>\n

\"\"<\/p>\n

But like everything aside from energy, XLF is off the highs and peaked back in January.<\/p>\n

And outside of energy and banks, there are very few stocks up in 2022, period.<\/p>\n

We just saw big post-earnings pops in Amazon<\/strong> (AMZN), Snap<\/strong> (SNAP), and Pinterest<\/strong> (PINS)… but they are all down YTD.<\/p>\n

And what's not working in 2022?<\/p>\n

While the embattled ARKK recently came off the lows, it's still down 23% year-to-date.\"\"<\/p>\n

Time will tell if the Jim Cramer “drowning” incident on January 27 marked a long-term bottom:<\/p>\n

\n

I\u2019ve disagreed with most of Cathie\u2019s investment theses since last year (been in $SARK<\/a> since its inception), but this is just brutal after today\u2019s price action\u2026 @jimcramer<\/a> $ARKK<\/a> $TSLA<\/a> $COIN<\/a> $HOOD<\/a> pic.twitter.com\/oJ3YynrGfP<\/a><\/p>\n

\u2014 s\u1d07\u0274\u1d1b\u026a\u0274\u1d07\u029f \ud83c\udfb2 (@KryptoSentinel) January 27, 2022<\/a><\/p><\/blockquote>\n