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These 20 stocks were the biggest winners of 2022

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Even during a year when the S&P 500 Index is down 19%, with 70% of its stocks in the red, there are plenty of winners.

Before showing you the list of top performers in the benchmark, let’s take a look: See how the 11 sectors of the S&P 500 SPX
performed this year until it closed on December 29:

S&P 500 Sector

price change 2022

P/E Front

Advance P/L on December 31, 2021

Energy

57.8%

9.6

11.1

public utility services

-0.5%

18.8

20.4

Consumer goods

-2.7%

20.9

21.8

Health care

-3.2%

17.4

17.2

industrial

-6.7%

18.0

20.8

finance

-12.1%

11.7

14.6

Materials

-13.4%

15.6

16.6

Real estate

-27.7%

16.2

24.2

Information Technology

-28.8%

19.6

28.1

discretionary consumer

-37.4%

20.7

33.2

communication services

-40.4%

14.0

20.8

S&P 500

-19.2%

16.5

21.4

Source facts set

It might not surprise you to see that the energy sector is the only one that grew this year. But you might be surprised to see that despite the industry’s weighted price increase of nearly 58%, its future price/earnings ratio has declined and remains very low relative to all other industries.

It may also surprise you that West Texas Intermediate CL crude oil
gave up most of its gains from earlier this year:

set of facts

The reason investors have remained confident in energy stocks is that oil producers have remained cautious when it comes to capital spending. They don’t want to increase supply enough to cause prices to crash, as they did in the run-up to the summer of 2014, after which prices dropped steadily through early 2016, causing bankruptcies and consolidation in the industry.

Now, oil companies are focusing on maintaining supplies, raising dividends and buying back shares such as OXY from Occidental Petroleum Corp.
chief executive explained in a recent interview with Matt Peterson. Click here to learn more about Occidental and the long-term oil supply/demand outlook.

Best performing S&P 500 stocks in 2022

Here are the 20 benchmark stocks that rose the most during 2022 through the close of Dec. 29, excluding dividends. Proving that there are always exceptions, not all of them are in the energy sector.

Company

ticker

Sector

Industry

price change 2022

Occidental Petroleum Corp.

OXY

Energy

Oil and Gas Production

114.8%

Hess Corp.

HES

Energy

Oil and Gas Production

90.3%

Marathon Petroleum Corp.

MPC

Energy

Oil Refining/Marketing

81.6%

Exxon Mobil Corp.

XOM

Energy

integrated oil

78.5%

Schlumberger Ltd.

SLB

Energy

Contract Drilling

76.7%

APA Corp.

APA

Energy

integrated oil

70.7%

First Solar Inc.

FSLR

Information Technology

semiconductors

70.7%

Halliburton Co.

HAL

Energy

Oil and Gas Production

70.0%

Valero Energy Corp.

VLO

Energy

Oil Refining/Marketing

68.2%

Marathon Oil Corp.

MRO

Energy

Oil and Gas Production

63.1%

ConocoPhillips

COP

Energy

Oil and Gas Production

61.2%

Steel Dynamics Inc.

STLD

Materials

Steel

58.5%

EQT Corp.

EQT

Energy

Oil and Gas Production

55.3%

Chevron Corp.

CVX

Energy

integrated oil

52.0%

Cardinal Health Inc.

CAH

Health care

medical dispensers

50.9%

McKesson Corp.

MCK

Health care

medical dispensers

50.9%

Emphase Energy Inc.

ENPH

Information Technology

semiconductors

45.1%

EOG Resources Inc.

EOG

Energy

Oil and Gas Production

44.8%

Merck & Co. Inc.

MRK

Health care

pharmaceutical products

44.6%

Cigna Corp.

CI

Health care

Managed Health

44.0%

Source: FactSet

Click on the tickers for more information about the companies.

Click here for Tomi Kilgore’s detailed guide to the wealth of information freely available on the MarketWatch quote page.

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