Questor’s best (and worst) stock tips of 2022
By now a Christmas tradition almost as old as mince pies and reindeer pullovers, it’s time for the annual review of the performance of our tips.
We must admit straight away that it has been a disappointing year.
The 36 stocks tipped as a buy for the first time in 2022 in any of our formats have lost an average of 4.7pc. The FTSE 100 has lost 0.3pc on a comparable basis. There were 15 winners and 21 losers; of the winners just six made a double-digit gain, while 11 of the losers lost more than 10pc.
Our best performer in 2022 was Hunting, the oil equipment and services specialist tipped in early January; its share price has risen by 63pc since then, no doubt helped by a change in attitudes towards oil exploration in the wake of the invasion of Ukraine and Vladimir Putin’s use of energy supplies as a weapon.
Next comes Beazley, the “catastrophe” insurer, whose shares have gained 39pc since we tipped them in May. As we remarked yesterday, a lack of capacity in the market may have outweighed the costs of the invasion of Ukraine, Hurricane Ian and a range of climate-related disasters.
Three of the next four winners are financial stocks: Impax Asset Management (26pc to the good since our tip in July), AJ Bell (up by 14pc since March) and London Stock Exchange (10pc higher than in February); the exception was Diploma, a supplier of specialist technical products such as wiring, cable, seals and gaskets, whose shares have risen by 13pc since we tipped them in October.
Others to gain, all by single-digit percentages, were Anglo American (9.4pc since August), IBM (6.8pc since August), Haleon (6.7pc since earlier this month), BHP (5.7pc since January), Procter & Gamble (5.7pc since June), Just Group (2.8pc since last week), Spectris (1.3pc since last month), Cadence Design Systems (0.4pc since July) and Lloyds Banking Group (0.1pc since May).
Our most ill chosen stock in 2022 was Inspecs, the eyewear specialist tipped for our Inheritance Tax Portfolio in July. Although we saw promising signs, not least the purchase by the chief executive of shares to the tune of £200,000 in the weeks before our tip, we have lost a painful 82pc on the stock.
We said Springfield Properties, the small Scottish housebuilder, appeared to have solid foundations when we advised readers to buy its shares in January, but they have halved since.
Dr Martens, the bootmaker, has lost readers 36pc, at least on paper, since we backed the shares in February, while Newmont, the miner, has fallen by 30pc since our tip in June, despite our belief that “supply [of gold] is all but certain to fall and demand is likely to rise”.
We named Medtronic, which makes healthcare products such as insulin pumps, heart valves and defibrillators, as our tip of year in January, but this has not stopped the shares from registering a fall of 28pc since then.
Golar, tipped in September, seemed well placed to benefit from energy shortages thanks to its novel floating LNG processing plants but its shares have declined by 20pc since then. Zoetis, like Golar a US stock that appeared under our “Questor in America” banner, has also lost us 20pc since we backed the animal treatments company in July.
Shares in Tyler Technologies, also American, looked a sure thing when we tipped them in August thanks to its domination of software for the US public sector. But they have lost us 17pc.
Our other losers were Impact Healthcare Reit (16pc since September), Moneysupermarket.com (15pc since August), Kering (14pc since last month), National Grid (9.5pc since February), Severn Trent (8.7pc since May), United Utilities (6.7pc since March), Somero Enterprises (5.6pc since July), Renishaw (4.5pc since earlier this month), Breedon (3.9pc since July), Oxford Instruments (2.7pc since earlier this month), Cranswick (1.6pc since July), Mastercard (1.4pc since June) and Philip Morris (0.4pc since August).
All figures based on share prices at 12.30pm on Tuesday.
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