Funds have been buying these four growth stocks in 2022
Got $500? Consider doubling your money with these growth stocks funds
Since the beginning of the year, funds have been buying these stocks that they believe will outperform. Institutional investors tend to be more immersed in the stock market than retail buyers. Which is why we’ve compiled a list of growth stocks funds are investing in:
- Genko (GNK) is a dry bulk shipping company with a total revenue of $140.4 million.
- Peabody Energy (BTU) is a coal miner field benefiting from higher coal prices. Its recent revenue of $1.26 billion beats the estimates.
- Volaris (VLRS) the Mexico-based airline outperformed in its industry due to laxer Covid restrictions in Mexico and the airline’s focus on domestic routes which are less affected by restrictions. Volaris is the largest domestic carrier in Mexico accounting for 30% of domestic airline travel.
- Eastern Bankshares (EBC) is a bank that operates 110 locations across New Hampshire, Rhode Island and Massachusetts.
