Here are your stock picks for the week: March 14, 2022

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This week on Wall Street, investors will be anxiously awaiting the Fed Reserve’s meeting next week where the first increase in interest rates since 2018 is set to take place. FedEx (NYSE:FDX) is set to report earnings this week and amidst the latest Ukraine-Russia news, the nickel market is slated to reopen on the London Metal Exchange to uncertain trading activity. 

Sports fans can rejoice as they await the commencement of NCAA basketball which begins next week. Sports betting operators including the likes of DraftKings (ticker: DKNG), BetMGM (ticker: MGM), Caesars Sportsbook (ticker: CZR) and FanDuel (ticker: GMVHF) will subsequently be receiving a large amount of betting action.

From healthcare to e-commerce stocks, here are our portfolio picks for the week!

UnitedHealth

Multinational US-based healthcare and insurance giant UnitedHealth saw its earnings per share skyrocket 78% and revenue rise 12.6% to $73.7 billion in its fourth quarter. The second-largest healthcare company behind CVS Health by revenue, and the biggest insurance company by net premiums, UNH is impressing investors with its performance.

CEO Andrew Witty attributed the transition of patients to Optum-led value-based care and Medicare Advantage signups to the growth of the company.

Regeneron Pharmaceuticals  

Thanks to Covid-19, US-based biotech company Regeneron Pharmaceuticals reported $2.3 billion in sales in its fourth quarter, surpassing expectations of $1.9 billion. 

The figures boosted sales to 104% year over year, while revenue was also up 17%. With Covid cases down, analysts predict that Regeneron’s earnings will be down in 2022, but earnings-per-share still above its levels prior to the pandemic. The company is working on a next-generation antibody treatment and could commence human studies in the coming months.

Shopify

Leading Canadian e-commerce giant Shopify has lost nearly 50% in value over the past twelve months, but the opportunity to buy on the dip is stronger now than ever. The $100 billion teach company is one of Canada’s largest companies and even though the stock has fallen amidst predictions that interest rates will increase this year and growth stocks will have a hard time continuing the momentum, Shopify remains an incredibly profitable company that can autonomously thrive without the additional assistance of loans.

Despite its recent decline in value, Shopify continues to be a leader in the emerging e-commerce industry, rivalling Amazon as the most visited e-commerce destination. Investors should act now if they want to take advantage of this current discount.

goeasy

One of Canada’s largest non-prime lenders, goeasy has increased in value by 1,960% over the past decade at a 35% compounded annual growth rate. Goeasy continues to expand its product and service offerings, and also plans on expanding internationally.

Despite its rate of growth and opportunities for future growth, goeasy stock is down 20% this year. With its 2.5% dividend yield, for growth, value, and income, the stock is an attractive buy right now.

Disclaimer: Market Buzz contributor as no position in any of the stocks mentioned.

This does not constitute investment advice and is for entertainment purposes only.

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