Last year was one of the worst for the stock market in more than a decade. The three main US indexes – S & P 500 , Dow Jones Industrial Average and Nasdaq Composite – all scored the worst year since 2008. The MSCI World Index did not fare much better, also ending the year with the worst performance since 2008. As market pros warned investors about bumpy times ahead, CNBC Pro uses FactSet data to present low-volatility stocks that will not only beat the market in 2022 but are expected to rise further this year. Below are the MSCI World stocks that finished last year in the black, buy-rated by the majority of analysts covering, and have an average potential rise of at least 20% in the next 12 months. They are also less volatile than the index, with a 3-year historical beta of less than 1. “Beta” is a measurement of the stock’s volatility; a beta of 1 means the stock’s volatility is the same as the market, while a beta below 1 means the stock is less volatile than the market. US telecommunications giant T-Mobile appeared on the screen. The company increased its market cap by more than 20% last year, but analysts who cover the stock think it could still climb 27%. Deutsche Telekom’s largest shareholder also made the list, with the company holding an average of 34.5%. Telecom stocks are typically seen as relatively defensive plays, with dividends the main reason for their popularity among income-seeking investors. Utilities The sector has traditionally been seen as a safe haven during periods of market upheaval, due to its fixed, regulated income, inflation-based contract clauses and higher dividend income than other sectors. The sector ended the year down 3.6%, making it the second best performer among the 11 major sectors in the index. It also enjoys the second-highest dividend yield, according to FactSet data. Germany’s RWE and Chile’s Enel are among the utility names that make CNBC’s screen, with historical betas of 0.8 and 0.2, respectively. RWE shares yield 16.4% in 2022, but analysts expect a rise of 25.8%. Chile’s Enel has had an incredible year, with shares returning 30.8% in 2022, but analysts think it could still climb 43%. Video game giant Activision Blizzard is another well-known name on the list. The stock gained 15% last year, but analysts were giving it a 20% rise. It has a historical beta of 0.3. The company is the subject of a proposed $68.7 billion acquisition by Microsoft, but the deal may be in jeopardy, with the US Federal Trade Commission seeking to block it on anti-competitive grounds. Nintendo also made the list. Microsoft announced in December that it had signed a 10-year commitment to bring the popular video game franchise Call of Duty to Nintendo after its acquisition of Activision Blizzard was completed, following a similar commitment to bring the game to Sony’s Xbox. The move is widely seen as Microsoft’s attempt to ease concerns from regulators and competitors about the Activision deal. Fertilizer Stocks Nutrien and Corteva fertilizer stocks also make screens. Shares in Nutrien only rose 4% last year, having fallen significantly from April’s 52-week high of 147.93 Canadian dollars ($109.34). About 54% of analysts who cover the stock still give it a buy rating, however, with the consensus estimate giving the stock an average upside of 38.6%