When it comes to the stock market, 2022 might be remembered as the worst year since the 2008 global financial crisis. The benchmark S&P 500 index declined by 19.4%, and the tech-heavy Nasdaq-100 index lost 33%, both ending the year in bear territory.
The selling was broad-based so it was difficult to find individual stocks that could outperform, but investors who ventured onto roads less traveled may have stumbled upon a couple of gems like Interactive Brokers (NASDAQ: IBKR) and Axcelis Technologies (NASDAQ: ACLS) .
Interactive Brokers stock was down just 7.5% in 2022, soundly outperforming the Nasdaq-100. Axcelis Technologies was in the green by 3.3%, so it was a whopping 36 percentage points better off than the index. Here's how these two companies pulled it off, and how they could do it again in 2023.
For further details see:
2 Unstoppable Stocks Set to Beat the Market (Again) in 2023