• Discounts and special offers
  • Subscriber-only articles and interviews
  • Breaking news and trending topics

Already a subscriber?

By signing up, you accept Moneywise's Terms of Use, Subscription Agreement, and Privacy Policy.

Not interested ?

Bitcoin-related equities

Lee has long been a proponent of cryptocurrencies. In October 2021, he said that the price of bitcoin could soar to as high as $168,000.

While bitcoin has pulled back over 20% year to date — it now trades at around $37,500 apiece — Lee still considers it as one of his top plays.

He likes bitcoin over other cryptocurrencies because it’s highly liquid and relatively safe from a regulatory perspective.

“We know that in February there may be some Executive order coming from the White House, and that might make bitcoin a lot more appealing,” Lee said.

Investors can buy bitcoin directly. But there are several publicly traded companies that have tied themselves to the crypto world.

Enterprise software technologist MicroStrategy purchased approximately 660 bitcoins between Dec. 30, 2021 and Jan. 31, 2022, bringing its total bitcoin count to 125,051 — a stockpile worth roughly $4.7 billion.

Investors can also check out Coinbase, which runs the largest cryptocurrency exchange in the U.S. It earns a transaction fee every time someone buys or sells on the platform.

MicroStrategy and Coinbase shares are down 40% and 28%, respectively, year to date. If bitcoin makes a comeback, these stocks will likely spike in step.

Trading Tips for All Levels: Avoid These 5 Expensive Mistakes

Don't let costly errors derail your trading success. Learn about the five most expensive mistakes in options trading and how to avoid them, whether you're just starting out or have years of experience. Enhance your trading strategy today and stay ahead of the game!

Learn More

Energy stocks

Lee has been very bullish on energy stocks over the past year, even telling investors last summer to HODL — an acronym for “hold on for dear life.”

And he’s been bang-on. Fueled by rising energy prices, energy was the S&P 500’s best-performing sector in 2021, returning a total of 53.4% vs the index’s 28.7% total return.

The sector’s upward momentum has carried into 2022.

While the broad market is deep in the red so far this year, energy stocks keep on climbing.

The Energy Select Sector SPDR Fund (XLE) is already up 18.5% year-to-date. Oil giants like ExxonMobil and ConocoPhillips are up more than 20% in 2022.

FAANG

FAANG, which stands for Facebook (now called Meta Platforms), Amazon, Apple, Netflix and Alphabet, is another group that Lee is bullish on.

As the largest players in their respective verticals, these mega-cap tech stocks have been in high demand for years. But a few of them are getting pummeled at the moment.

Netflix shares plunged 22% following its Q4 earnings release due to subscriber growth concerns.

Meta, which owns some of the largest social media and messaging apps in the world — Facebook, Instagram, WhatsApp and Messenger — sank 26% on Thursday on weaker-than-expected revenue growth for the next quarter.

E-commerce king Amazon popped as much as 8% Thursday after posting a solid earnings beat. But it’s still off about 20% from its 52-week highs set in July.

Apple and Google are down slightly in 2022 despite posting solid quarterly results recently.

For long-term investors that have been waiting patiently on the sidelines, it might be a prime opportunity to finally buy the group.

Sign up for our Moneywise newsletter to receive a steady flow of actionable ideas from Wall Street's top firms.

Follow These Steps Once Your Portfolio Reaches $150K

If you've amassed a $150k+ portfolio, it's time to meet with a trusted advisor. Zoe Financial helps you connect with fiduciary advisors to grow your wealth. Find, hire, and invest with vetted financial advisors tailored to your unique situation.

With Zoe Financial, find your top 3 advisor matches, book a free initial consultation, and pick your favorite advisor.

Get Started

Trending on Moneywise

Sponsored

This 2 Minute Move Could Knock $500/Year off Your Car Insurance in 2024

Saving money on car insurance with BestMoney is a simple way to reduce your expenses. You’ll often get the same, or even better, insurance for less than what you’re paying right now.

There’s no reason not to at least try this free service. Check out BestMoney today, and take a turn in the right direction.

Jing Pan Investment Reporter

Jing is an investment reporter for MoneyWise. He is an avid advocate of investing for passive income. Despite the ups and downs he’s been through with the markets, Jing believes that you can generate a steadily increasing income stream by investing in high quality companies.

Disclaimer

The content provided on Moneywise is information to help users become financially literate. It is neither tax nor legal advice, is not intended to be relied upon as a forecast, research or investment advice, and is not a recommendation, offer or solicitation to buy or sell any securities or to adopt any investment strategy. Tax, investment and all other decisions should be made, as appropriate, only with guidance from a qualified professional. We make no representation or warranty of any kind, either express or implied, with respect to the data provided, the timeliness thereof, the results to be obtained by the use thereof or any other matter.