Investors might look at tech stocks today as the stock market tries to recover from its year-to-date losses. People in this field were some of the hardest hit at the start of 2022. This time, though, the dust has settled a little, and important earnings figures have come in. Tech stocks may be back in the spotlight again soon. It's possible that the interest rate hikes that are coming could put a damper on this idea. In comparison, some of the most well-known names in space are still making big moves now. Here we will talk about the best cheap stocks to buy now in 2022.
1. Chegg Inc.
There is a company called Chegg that makes software for people who want to learn more about school. If you start with, it lets you rent both digital and physical textbooks, and it also has online tutoring and other student services that you can use. Chegg may be a company that helps people learn, but it also uses new technology to connect with its students. So, it is also a top student-first interconnected learning platform that provides an on-demand, personalized service backed by real people.
On Monday, the company released its fourth-quarter and full-year financials for 2021, which you can see in the table below. Net revenue for the quarter was $207.5 million, and net income was $24.3 million. It also plans to spend a lot of money to grow its business in other countries. Including Busuu would make the digital language business worth $17 billion, making the company a part of it.
2. BRF S.A. (BRFS)
As of October 2021, the share price of BRF SA (BRFS) did not break through its $5.20 resistance level. This ended hopes that the share price would breakthrough that level. Since then, the stock price has kept going down because food producers have had to pay more because of rising prices. This meatpacking company in Brazil may be going to start making money again. A $1.17 billion capital increase led to rumors that Marfrig, a small shareholder, would buy a majority stake in the company. BRF stock has gone up 5.47 percent over the last month.
3. Advanced Micro Devices
That's not all: Next, we have Advanced Micro Devices, a tech company that has been in the computer graphics business for more than 50 years now. It's still working on high-performance computing, graphics, and visualization tools. AMD products are used by a lot of people all over the world. This would also include many of the world's most important Fortune 500 businesses and cutting-edge scientific research centers.
A few days ago, the company also released its financial results for the fourth quarter and the full year in 2021. It also has the AMD RDNA 2 architecture-based integrated graphics to make it the fastest Ryzen mobile processor ever.
4. Amyris, Inc. (AMRS)
Amyris, Inc. (AMRS) skyrocketed over $20 and even beyond after being named a penny stock to follow in 2022, and it remained well above the "cheap stock region" for nearly the whole year of 2021. But, Amyris' profitability is impacted significantly by shipment delays and production troubles in China. Shareholders are concerned about possible dilution, and the industry's past and present proportions of 0.40 and 0.60 are concerning. Because of this, the stock price was back to $4.07.
5. CrowdStrike Holdings
CrowdStrike is the last thing we will look at, so don't forget about that. CrowdStrike has been dealing with government-level hacks since the pandemic. Most people would know about CrowdStrike because of that. The company has a wide range of clients because it has the best cybersecurity options. From government bodies to groups of different sizes, this includes everything. Tech stocks have been going down recently, but CRWD stock may still be on the upswing. People may be interested in buying CRWD stock when it drops.
Among other things, CrowdStrike does not look like it is slowing down at all right now, and that is important. As of yesterday, CrowdStrike customers can now use the Falcon XDR service from the company.
The Bottom Line
Value stocks have been getting more attention because of inflation fears over the last few months, according to common sense. People who buy and sell things at the market don't seem to follow the rules. Their money is still flowing into cheap stocks that promise to make more money than normal. While over $1.99 billion was taken out of tech mutual and transfer marketed investments between November and December, there was still a lot of money in them.
