2 Top Growth Stocks to Buy for 2022

As the new year is upon us, many people are revisiting their finances. Furthermore, many may be looking for some new stock ideas as they either reallocate or deploy new money into the market. But what stocks should they buy?

While it may sound exciting to own emerging companies in new industries, sometimes the most established companies in the world can make great investments. Indeed, both $Meta Platforms (FB.US)$ and $Apple (AAPL.US)$ look attractive today -- despite their gargantuan market capitalizations of approximately $1 trillion and $3 trillion, respectively.

$Meta Platforms (FB.US)$
After starting off the first half of 2021 well, shares of Facebook parent Meta Platforms stumbled in the second half, falling 3%. This is much worse than the S&P 500's 11% gain over this same period. But this recent underperformance is arguably a great buying opportunity for investors.

$Apple (AAPL.US)$
Unlike Meta Platforms', Apple's shares have had a year of outperformance. The tech giant's stock has risen more than 33% -- beating the S&P 500's 28% gain. In addition, investors will have to pay a higher valuation premium to buy into this growth story. The stock currently trades at about 32 times earnings.

But $Apple (AAPL.US)$ is worth its premium price. Revenue in fiscal 2021 grew 33% year over year to $366 billion, despite demand constraints that led to billions of dollars of lost revenue. The company also saw revenue in every product segment grow 20% or more over this time frame. With its product segments including iPhone, Mac, iPad, services, and a segment called "wearables, home, and accessories," $Apple (AAPL.US)$ is benefiting from a broad base of important growth drivers.