In this article, we discuss the 5 best Roth IRA stocks to buy in 2022. If you want to read about some more Roth IRA stocks, go directly to 10 Best Roth IRA Stocks To Buy in 2022.
5. Moody’s Corporation (NYSE:MCO)
Number of Hedge Fund Holders: 44
Moody’s Corporation (NYSE:MCO) is a New York-based risk assessment provider. At the end of the fourth quarter of 2021, 58 hedge funds in the database of Insider Monkey held stakes worth $16.8 billion in Moody’s Corporation (NYSE:MCO), the same as in the previous quarter worth $15.6 billion.
Moody’s Corporation (NYSE:MCO) offers investors lots of solidity in the dividend space, having consistently grown the payout for nearly two decades. In addition to long-term capital gains, these dividend payouts each quarter also add value to the overall investment profile of the stock. The stock is also somewhat immune to economic ups and downs as risk assessment remains a top priority of businesses regardless of overall economic outlook.
In its Q4 2020 investor letter, Baron Funds, an asset management firm, highlighted a few stocks and Moody’s Corporation (NYSE:MCO) was one of them. Here is what the fund said:
“Moody’s Corporation (NYSE:MCO) provides credit ratings, financial intelligence, and analytical tools to assist businesses in making decisions. Moody’s Corporation (NYSE:MCO) reported excellent financial results due to continued growth in rated debt issuance. However, the stock detracted on investor expectations that issuance trends will moderate into 2021.The announced retirement of long-time CEO Ray McDaniel may have also weighed on sentiment. We continue to own the stock due to our views of the company’s long runway for growth and strong competitive advantages.”