Francis Underwood
Did you know that 58% of Americans claim to be stock owners? With many new investors, knowing which companies are good to buy for the first time is hard.
We’ve collated the top nine for you below, and there are many great stocks to buy in the market. From old-school tech stocks to our exciting times, you’ll find a company you feel good about investing with.
So read on to find out the best stocks to buy for 2023, and prepare to feel inspired to invest for the first time.
1. Pinterest
Pinterest has seen a significant surge in user growth over the past year, with over 322 million monthly active users (MAUs). The company’s ability to leverage its massive data set and effective targeting capabilities has driven this user growth. It’s been one of the top-performing IPOs of 2019, with its share price up close to 200% this year alone.
Its intuitive visual search, powerful discovery tools, and organized digital pinboards have enabled the company. The goal is to stay a standout platform in digital marketing.
It is well-positioned to enjoy the continued growth of the digital marketing industry. It is an attractive stock to buy and hold for the long term.
2. Etsy
The company has posted strong financial results for the past three quarters. It continues to outpace competitors in sales growth, with 39.5% growth in Q3 of 2020. The goal is to support that momentum throughout 2021.
Etsy is also expanding its global presence and customer base, which can only be a good sign for investors. With a three-year P/E approaching 30 and a price-to-sales ratio greater than 5, Etsy is currently undervalued and could be a good entry point.
Its Q3 profits also expanded by 58.3% year-over-year, and the company’s valuation has risen by 35% since then, presenting an excellent opportunity to buy before it appreciates further in 2023.
3. Amazon
Amazon is widely considered one of the best stocks to buy for 2023. The company’s stock value is consistently rising over the last several years. Amazon provides immense value for investors due to its massive size, strong reputation, and innovative products.
Amazon is a retail juggernaut, consistently pushing the boundaries for e-commerce. They create new standards for customer service. The company also has a diverse range of products and services, offering something for nearly every customer.
Amazon also has a presence in various industries and businesses. Its cloud computing division, Amazon Web Services, to its streaming service, Amazon Prime Video.
As a result, Amazon’s stock is one of the most reliable options on the market. The prospect of continued growth makes the store an attractive choice for investors in the future.
4. Walt Disney
Media and entertainment titans have long been a favorite of investors. Its innovative products and business practices continue to bring in steady profits. Its library of films and television shows, a wide range of ride experiences, cruise lines, and theme parks give long-term growth potential.
With consistent financial performance, robust cash flow, and an expanding portfolio, Walt Disney remains one of the best stocks to buy for 2023. Disney stands poised with its dedicated management team, global reach, and creative spirit. This is to continue delivering thrilling experiences and impressive returns for investors.
5. Berkshire Hathaway
Berkshire Hathaway is one of the most well-known and respected stocks among investors for the sheer diversity of industries it touches. Warren Buffett’s holding company is the world’s sixth-largest company. This includes a mix of stocks, such as banking, insurance, and rail companies.
In 2021, Berkshire Hathaway ranked number one on the list of the nine best stocks to buy for 2023 as a return on investments. With a five-year return of 32% and a market cap of over $500 billion, Berkshire Hathaway tops the list thanks to its dividends that have increased each year, robust revenue, and its view that stocks will always go up in the long run.
6. Shopify
Their comprehensive and reliable platform enables small businesses to maximize their potential. Shopify also offers various features, from customizing digital storefronts to comprehensive sales analytics. The platform also provides powerful marketing tools, payment processing, and unlimited hosting.
These features make it an attractive investment for any investor seeking steady returns in the long term. The company’s focus on innovation and scalability also speaks volumes about the company’s potential for years to come. Shopify is an excellent choice for that investing in digital commerce businesses.
7. Realty Income
It is a real estate investment trust that primarily focuses on acquiring and owning commercial properties. Realty Income has a strong portfolio of retail, grocery, and drugstore tenants, making it a strong performer in the volatile real estate market.
The company has also been prudent in developing its portfolio of properties. It keeps its tenants up to date on their leases and accommodates new tenants efficiently. The company’s dividend yield is also handsome at 4.35%, providing excellent value for long-term investors looking to generate reliable and steady income.
8. Intuitive Surgical
The company is a global leader in robot-assisted technologies for minimally invasive surgery. The company is also the only provider of clinically proven technology to improve procedure outcomes. ISRG’s share price has risen over 350% year-to-date, and analysts expect further stock appreciation.
The intense focus on innovation and the development of products to capitalize on healthcare trends has generated strong margins and established the company as a leader in the industry.
9. Mercado Libre
It is Latin America’s e-commerce giant and the region’s largest marketplace. It has seen tremendous growth in recent years, and its stock price is expected to continue to rise in the coming years. It has been able to gain the trust of consumers, which is extremely important in the market.
The company has tapped into the growing e-commerce market in Latin America with its innovative and effective services. Its stock prices have increased in the past year, giving investors an excellent opportunity to make money. The company also recently announced plans for a logistics and payment service that could further increase the growth potential for this stock.
Understanding options trading is essential if you are a beginner and investing in stocks. It would be best to look for some advice from a professional to help you make smarter decisions.
Improve Your Finances With the Best Stocks to Buy for 2023
There are myriad stocks to choose from when selecting the best stocks to buy for 2023. Many investors are looking to buy supplies to capitalize on the bullish markets, likely due to the economy’s recovery after the pandemic. Start planning and investing in stocks today!
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