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Australia’s top seven best-performing stocks

by Uneeb Khan
accountant

Are you looking for Australian stocks on the rise? Our list of the seven best-performing stocks this year might be of interest. Featuring a diverse range of companies across different industries, these stocks have outperformed the market and are expected to continue shortly. Read on to find out more or visit a broker now to get started with investing in these stocks.

The top seven best-performing stocks in Australia

Here is a list of Australia’s top seven best-performing stocks so far in 2022.

Afterpay Ltd (ASX: APT)

Afterpay is a leading provider of ‘buy now, pay later services in Australia and New Zealand. The company has experienced rapid growth in recent years, thanks to consumers’ growing popularity of its services. Afterpay’s shares have surged over 500% this year, making it one of the best-performing stocks on the ASX.

Appen Ltd (ASX: APX)

Appen is a global leader in artificial intelligence and machine learning technology. The company provides data that helps businesses train their algorithms to be more accurate. Appen’s share price has quadrupled this year as investors bet on the continued growth of the AI industry.

Nearmap Ltd (ASX: NEA)

Nearmap is a high-growth technology company that provides subscription-based aerial imaging services. Businesses use its products in various industries, including architecture, construction, and insurance. Nearmap’s shares have tripled in value this year as the company continues togrow its revenue and subscriber base.

Resolute Mining Limited (ASX: RSG)

Resolute Mining is a gold mining company with operations in Australia and Africa. The company has been one of the best performers on the ASX this year, with its share price rising over 200%. It is due to higher gold prices and strong Mining operational performance.

Webjet Limited (ASX: WEB)

Webjet is an online travel booking company in Australia, New Zealand, and North America. The company has benefited from the global shift to online travel bookings, with its revenue and share price increasing sharply this year.

WiseTech Global Ltd (ASX: WTC)

WiseTech Global is a leading provider of software solutions for the logistics industry. Its products are used by businesses of all sizes, from small businesses to large multinationals. WiseTech’s shares have more than doubled this year as the company continues to win new customers and grow its revenue.

Pilbara Minerals Ltd (ASX: PLS)

Pilbara Minerals is an emerging lithium producer with operations in Western Australia. The company’s shares have surged this year due to strong demand for lithium used in producing electric vehicle batteries. Pilbara Minerals is one of the few ASX-listed companies exposed to the lithium industry, making it a popular choice amongst investors.

What do the top ten stocks have in common, and what makes them successful?

Much like last year, the top-performing stocks in Australia come from a range of industries. It includes healthcare, resources, consumer discretionary, and industrials.

One fundamental commonality between these companies is that they are all well-positioned to benefit from global growth trends. For example, CSL Ltd (ASX: CSL) is a global leader in blood plasma products and is expected to see continued demand for its products as the world population grows. Similarly, Sonic Healthcare Limited (ASX: SHL) is one of the world’s largest medical diagnostic companies and should continue to perform well as healthcare expenditure increases globally.

Another critical driver of these stocks’ success has been their exposure to high-growth markets. For example, BHP Billiton Limited (ASX: BHP) generates a significant portion of its revenue from China, experiencing strong economic growth. Similarly, South32 Ltd (ASX: S32) has significant exposure to India, another high-growth market.

Finally, many companies have achieved strong earnings growth in recent years thanks to operational improvements and cost-cutting measures. For example, Cochlear Limited (ASX: COH) has undergone a successful turnaround under CEO Dig Howitt, who joined the company in 2013. It has allowed the company to post strong earnings growth despite challenging industry conditions.

So there you have it – the six ten best-performing stocks on the ASX in 2020. These companies have all been able to achieve substantial share price gains thanks to a combination of global growth trends, exposure to high-growth markets, and operational improvements.

Conclusion

Our list of Australia’s top ten best-performing stocks in 2022. These companies have all been able to achieve substantial share price gains thanks to a combination of global growth trends, exposure to high-growth markets, and operational improvements. As we head into 2023, these stocks will likely remain popular with investors thanks to their strong fundamentals and growth prospects.

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