We don't know what to make of this new year in terms of the stock market. Will we see continued gains with the influx of new investors? Will we pull back due to inflation fears and the continued pandemic? In any case, I'm preparing myself for the long term by investing in these five stocks.
Alibaba: A world leader in e-commerce, retail, and internet services, Alibaba is a good buy in 2022. With a friendly PE ratio, price ($118.79), and global presence, it'll be a good time to buy the Chinese giant. While Alibaba may be restricted by the Chinese government, it's a great time to invest in this company with the aforementioned benefits.
SoFi: The Silicon Valley company has shown strong earnings in recent memory, giving investors incentive to buy this stock. The acquisition of Galileo also makes SoFi a more lucrative pick. At a friendly price of $15.81, you can't beat a stock that has gained traction in the past few years.
Palantir: The data company won an $823 million government contract with the U.S. Army, making it a good investment. If it continues to get such deals in place, the Denver-based company will be a big buy for any investor looking to strike it rich. That's especially true with the low price that Palantir's at ($18.21).
Meta Platforms: Like Alibaba, Meta has a friendly PE ratio that makes it a good buy. Meta is also delving into the metaverse, hoping to establish itself as a global leader in the field. With a strong global reputation and presence in social media, look for Meta to grow to new heights in 2022.
Block, Inc: The financial technology company might have fallen by the wayside a bit in recent memory (-34.53% in the past six months). However, it's still a great idea to invest in this payment leader. Jack Dorsey is a brilliant CEO and the company does plan to dabble further into blockchain endeavors.