2022 has been a difficult year for all risk markets. If the equity market has suffered less than other more volatile markets such as digital assets, 2022 will certainly remain a very bad vintage. And for good reason, since the beginning of the year, the NASDAQ has lost more than 30% of its value. If the S&P 500 (-19%) or the CAC 40 (-11%) are doing better, the declines are far from being anecdotal. Many see a market recovery in 2023. All the more so if the FED and the ECB manage to win the battle against inflation. If so, here are 3 stocks to consider in your portfolio.
1 – Coinbase (COIN)
L’action Coinbase was one of the hardest hit by the bear market. Also dependent on the digital asset market, the NASDAQ-listed asset fell even more than the Bitcoin. Because if the mother of cryptocurrencies has already given up two-thirds of its value since the beginning of the year, the Coinbase action displays losses greater than 85% over the same period.
Worse, Coinbase underperforms even most big altcoins. Among the top 20, only Solana (SOL) and Avalanche (AVAX) are doing worse with respective losses of 92 and 89% since the start of 2022. , highly dependent on commissions on crypto trades. And with a bear market where the volumes traded are very low, the asset has difficulty surviving.
If we stick to the predictions of Tradingview analysts, it is clear that the 12-month forecast spectrum is very broad. While some continue to believe that the asset will continue to fall, others are much more optimistic. While the asset is trading close to $40 today, the estimated 12-month price range is hovering between $30 and $200. For an average consensus and a 12-month price target set at $75.
Current course: 37,98 $
Marketcap : $8.62 billion
Cryptocurrency investing is offered by eToro (Europe) Ltd as a PSAN, registered with the AMF. Cryptocurrencies are very volatile. No consumer protection.
In the fall of 2021, Meta surprised everyone by announcing its name change. The company, formerly known by the same name as its star social network Facebook, then marked a 360-degree turn and its desire to launch headlong into the metaverse sector. A strategy which is accompanied by colossal investment since Mark Zuckerberg himself announced investments of up to 10 billion dollars per year to develop this branch with high potential.
If the strategy is ambitious, it has already made people cringe. In particular among the shareholders of the group who consider, for some, that the investment is too substantial for results which could prove to be uncertain. Coupled with the poor results of the social network Facebook, which is now struggling to develop even further, and we obtain an explosive cocktail for theaction Meta.
Anyway, since the beginning of the year, the asset fell by more than 65%. Making it de facto attractive for the year 2023. If the development of the metaverse seems like a bet, investing in Meta shares could prove very lucrative from a medium to long-term perspective, if the firm succeeds in its bet of mass adoption. If the technical indicators remain neutral, even slightly turned towards the sellers for the moving average indicators, analysts agree to consider the asset profitable over the medium term. At 12 months, the action shows a target of 146 dollars according to people surveyed over the past 3 months by Tradingview.
Current course: 116,15 $
Marketcap : $308 billion
Cryptocurrency investing is offered by eToro (Europe) Ltd as a PSAN, registered with the AMF. Cryptocurrencies are very volatile. No consumer protection.
3 – Amazon (AMZN)
We no longer present the company, Amazon, world leader in e-commerce and consistently among the top 5 companies in the world by market capitalization. Like most financial stocks, Jeff Bezos’ ecosystem asset has had a tough 2022. With a loss of 48% since the beginning of the year. A level that also largely underperforms the main US stock market indices and in particular the NASDAQ where it is listed.
For 2023, Amazon should continue to develop your cloud service, while Amazon Web Services (AWS) is already the world’s leading provider in the field. Analysts expect AWS and the advertising division to remain the two locomotives of the group’s medium-term growth. Given that these are sectors where margins are higher than elsewhere, the group should further strengthen its profitability.
At 1 year, the consensus of the analysts of Tradingview expects a course of theaction Amazon up sharply since the target is 136 dollars. A course that would then represent an increase of 50% over 12 months. And for good reason, 47 of the 53 analysts surveyed over the past three months argue for a “Strong Buy” at 12 months. Only one incites to massively sell the asset. The consensus therefore seems clear.
Current course: 82,31 $
Marketcap : $902 billion
Cryptocurrency investing is offered by eToro (Europe) Ltd as a PSAN, registered with the AMF. Cryptocurrencies are very volatile. No consumer protection.
