The top-performing US stock (Russell 3000) of 2022: Target Hospitality
The top-performing company in the US stock market (Russell 3000) of 2022 is one that you’ve probably never heard of. And we won’t pretend we knew it either.
Target Hospitality provides lodging and hospitality services to corporate clients, focusing on government and energy employees.
ended 2022 with a 325% return.
How did it perform so well? has heavy exposure to the Energy Sector — the top-performing sector of 2022.
- Banning Russian oil helped increase domestic oil production and demand for lodging near US oil fields.
- also traded at a discount compared to historic levels — after falling 92% between May 2019 and October 2020.
Right price, right time. The company is expected to achieve record sales for their 2022 results.
But companies and sectors rarely stay at the top for several years in a row.
So which company will land at the top this year? We’ll bet it’ll be another company you’ve never heard of — in a boring industry you would never consider.
But that’s our job — sifting through the dull — so you can hit the snooze button a bit longer.
