5 Cheap Stocks to Buy That Outperformed in 2022

2. Mastercard Incorporated (NYSE:MA)

Year to Date Return as of December 14: -3.62%

Number of Hedge Fund Holders: 146

Mastercard Incorporated (NYSE:MA) fell 3.62% this year given financial valuations across the market have declined. Nevertheless, the payments leader has done well in terms of earnings. For Q3, Mastercard Incorporated (NYSE:MA)’s adjusted diluted EPS rose 13% year over year to $2.68 and its net sales rose 15% year over over year to $5.8 billion. In December, the company’s board also approved a new share purchase program of up to $9 billion.

Analysts think Mastercard Incorporated (NYSE:MA) could rally in the long term as they have an average price target of $399.37 per share.