If you are looking for some hot stocks to buy today, you might want to check out these three companies that have been on fire lately. They have all delivered impressive returns in 2022 and have outperformed the S&P 500 by a wide margin in the past year.
The first one is UnitedHealth Group Inc. (ticker: UNH), the largest health insurance provider in the U.S. This stock has gained 32% year to date and 48% in the past 12 months, thanks to its strong earnings growth and diversified business model. UnitedHealth offers a range of health care services, including medical, dental, vision, pharmacy, behavioral health, and wellness programs. It also operates Optum, a health services platform that provides data analytics, technology, and health care delivery solutions.
The second one is Exxon Mobil Corp. (XOM), one of the largest oil and gas producers in the world. This stock has soared 84% year to date and 116% in the past 12 months, as oil prices have rebounded from their pandemic lows. Exxon has benefited from its disciplined capital spending, operational efficiency, and diversified portfolio of upstream and downstream assets. Exxon also pays a generous dividend of 5.6%, making it an attractive choice for income investors.
The third one is Chevron Corp. (CVX), another major oil and gas company that has been on a roll lately. This stock has jumped 41% year to date and 64% in the past 12 months, as it has leveraged its scale, financial strength, and operational excellence to weather the volatile energy market. Chevron has also invested in low-carbon technologies and renewable energy sources, such as hydrogen, biofuels, and carbon capture, to position itself for the energy transition.
These are just some of the hot stocks to buy today that have been outperforming the market and showing strong momentum. Of course, you should always do your own research and due diligence before investing in any stock. But if you are looking for some exciting opportunities in the stock market, you might want to give these three stocks a closer look.