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Author: Alan LittleDate: 2022-01-03

Amazon (AMZN) and General Motors (GM) on Barron’s “promising stocks” list

Barron’s has selected Amazon (AMZN), General Motors (GM), Johnson & Johnson (JNJ) and Visa (V) on its list of top 10 promising stocks for the year ahead.

Amazon (AMZN), Royal Dutch Shell (RYDBF) and Visa (V) are among the most promising stocks for 2022 according to an annual list released by American financial news giant, Barron’s.

The new year is now underway and investors will be looking to rebalance their portfolios for the year ahead in an attempt to drive long-term gains.

With this in mind, Barron’s has named 10 stocks it believes could provide ample value, and offered commentary as to why these companies will thrive.

While Amazon is already one of the most valuable companies with a market cap of $1.72tn, Barron’s says its “dominance in two major businesses [the cloud and online retail] makes it a rarity”.

Amazon shares were relatively stable during 2021, ending the year up by around 6%.

While Tesla (TSLA) has dominated headlines and investors’ thoughts in recent months, Barron’s has tipped General Motors (GM) to have a good year.

The magazine noted that the American automotive manufacturer is “as well positioned as any of its peers”, but is still only valued at around 10% of Tesla’s gargantuan market cap.

A few other stocks Barron’s is bullish on include Johnson & Johnson (JNJ), Berkshire Hathaway (BRK.B), Nordstrom (JWN) and Hertz Global Holdings (HTZ).

News late last week that J&J’s Covid-19 vaccine offers excellent protection against the Omicron strain bodes well for the company.

Barron’s also expects Hertz to capitalise on the growing demand for rental cars amid shortages of new and used vehicles.

For investors on the lookout for a value pick, AT&T (T) could be an option as it would essentially be a “cheap play” on the telecom and media industry, which has struggled recently.

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