10 Best Stocks to Buy for 2023 in the USA

Discover the 10 Best Stocks to Buy to your portfolio for long-term success.

As an investor, choosing the right stocks to invest in can be a daunting task. With so many publicly traded companies, mutual funds, and exchange-traded funds, the decision can be overwhelming. However, the right stocks can provide a substantial return on investment and secure your financial future. In this blog post, we will explore the top 10 best stocks to buy in 2023 in the USA.

Best Stocks to Buy in 2023

Economists worldwide are anticipating that U.S. economic growth will slow down in 2023 and 2024. Many predict, at least, a mild recession. Against this backdrop, discovering reliable growth stocks to buy may pose a challenge for investors. Nonetheless, interestingly, in 2023, growth stocks have outperformed value stocks; moreover, investors are counting on this trend to continue. This sentiment hinges on whether the Federal Reserve pauses its interest rate hikes and eventually switches to rate cuts.

Confused on what are the best stocks to buy now for long-term investment? We will explore 10 potentially promising best stocks to invest in 2023 that might make for excellent long-term investments. Whether you’re an avid investor ready to put your money to work or just looking to broaden your financial horizons, I’ve got some solid options to consider.

Three things to consider:

1. Selecting the optimal stocks to purchase today hinges on your unique financial circumstance. Gain insight into your standing through our guide on investing in stocks. This definitive resource leads you through relevant topics, covering everything from creating an emergency fund and allocating assets to determining the optimal time for stock acquisition. Experience the confidence of informed decision-making and get started today.
2. Consider the following Best Stocks to Buy in 2023 as long-term investments.
3. The following list doesn’t aim to offer full diversification but presents penny stocks to buy now for long-term investments beyond 2023. To create a diversified portfolio, consider starting with the Vanguard Total World Stock Index Fund ETF (VT -0.06%).

Best Stocks to Buy in the USA for Long Term in 2023

Details on 10 Best Stocks to Buy Now

Now that you’ve seen my top 10 best stocks to buy now, you may be wondering why I picked each company. Here’s a quick rundown of why I’m such a fan of each as long-term stock to invest in.

1. Etsy

Prior to COVID-19, Etsy was experiencing steady growth by linking craft makers with those seeking unique goods beyond traditional online shopping. Once the pandemic hit, the e-commerce industry saw a drastic surge, yet Etsy in particular soared, skyrocketing at a rate more than double the overall e-commerce market.

The true extent of Etsy’s potential market value is staggering – it’s estimated in hundreds of billions of dollars. So far, the platform has only tapped in on around $13 billion in sales; there’s plenty of growth potential waiting to be exploited.

2. Pinterest

Pinterest offers a refreshing vibe of positivity amidst the gloomy and divisive social media landscape. The platform thrives on ideas, which is probably why it stands out. It is one of the good stocks to invest in.

Pinterest offers a unique experience for users to focus on their ambitions, rather than others. From building a dream deck, and baking a kid’s birthday cake, to updating your wardrobe, Pinterest gives people the freedom to visually enrich their inspired ideas into reality.

Pinterest, a platform where people discover items they may want to purchase, reinforced its executive leadership team by hiring e-commerce guru Bill Ready as CEO in 2022. Although unlocking its full e-commerce potential may prove gradual, the company has made impressive strides. Thus, investors with a long-term outlook may reap substantial rewards.

3. Block

Once as Square, Block shed its niche payment processing hardware roots and mushroomed into a financial ecosystem for both individuals and merchants. In the last twelve months, the company’s merchant arm (still known as Square) ushered through a payment volume of nearly $193 billion. Additionally, Block extends its bounty with a suite of adjoining services for businesses.

4. Realty Income

Realty Income is a REIT specializing in freestanding, single-tenant retail properties. Notable tenants include Walgreens (WBA), Dollar General (DG), and FedEx (FDX). Realty Income owns 12,400 properties in the U.S. and Europe, most of which are resistant to recessions and e-commerce disruption. Their triple-net lease structure provides a steady, predictable income stream.

With 630 consecutive monthly dividends paid out, this company’s yield stands tall at approximately 5.1%, as of May 2023. For the past 102 consecutive quarters, they’ve only increased payouts – and we don’t see that streak ending any time soon!

5. MercadoLibre

MercadoLibre is commonly known as the Amazon of Latin America, and for good reason. The e-commerce marketplace operates with a dominant presence in some of the most populous nations in the region, including Brazil and Argentina.

One thrilling aspect of these businesses is that they are all just getting started. To give you an idea, MercadoLibre’s merchandise volume accounts for only 6% of Amazon’s and its Mercado Pago payment volume is less than 10% of what PayPal (PYPL -0.75%) processes. This means there is a vast runway ahead for growth and expansion.

6. Shopify

Shopify runs a platform that facilitates online product sales for businesses of every size, with an emphasis on empowering smaller ventures while establishing long-term relationships. Their subscription plan, beginning at $39 per month for businesses, includes payment processing solutions and logistics, serving as integral components of many additional services.

7. Microsoft Corp. (MSFT)

It is one of the best long term stocks in the USA. Microsoft is one of the largest technology companies in the world and is best known for its Windows operating system and Office productivity suite. The company has been expanding its cloud computing services with Azure, which has seen significant growth in recent years. The company is also investing heavily in its gaming division with new consoles and game streaming services.

Although already valued at a whopping $2.4 trillion, Microsoft maintains stable growth rates. In the last fiscal quarter, the company’s revenue increased by 7%, boosted by an astounding 16% growth in Intelligent Cloud revenue. Microsoft’s transition to the cloud-based model has proved to be a tremendous success, with analysts projecting an 11% and 12% revenue growth in fiscal 2024 and 2025 respectively, driven mainly by Office 356 Commercial momentum. Accordingly, CFRA has awarded MSFT a “strong-buy” rating with a target price of $370. On June 9, the stock closed at $326.79.

8. Intuitive Surgical

With roughly 80% of global market share, Intuitive Surgical is a dominant force in its field. The company has plenty of room for growth: as its surgical systems become more widely adopted, so too will the number of procedures it supports. This is especially true in international markets where the implementation of robot-assisted surgery could serve as a long-term catalyst for growth over the course of decades.

9. Nvidia Corp. (NVDA)

NVIDIA is a leading provider of graphics processing unit (GPU) chips and has been in high demand from gaming enthusiasts in recent years. The company’s data center segment has also seen rapid growth, thanks to the increase in demand for cloud computing. NVIDIA has been able to leverage its expertise in hardware to develop advanced machine learning chips.

Nvidia’s sales growth has taken a hit lately due to a downturn in the semiconductor market, but industry experts are hopeful that the company will experience a rebound in the coming quarters. While its revenue declined by 13.2% in the most recent quarter, its net income still managed to grow by 26.2%. According to Zino, an analyst, Nvidia’s data center business has been picking up steam, and he projects an impressive 59% revenue growth for fiscal 2024.
CFRA, a well-known rating agency, has given a “buy” rating on NVDA stock and set the price target at $415. As of June 9, this stock was trading at $387.70.

10. Amazon

Amazon is one of the largest e-commerce companies in the world. The pandemic has boosted online shopping, and Amazon has benefitted massively from this trend. The company is continuing to expand its services, including its grocery delivery service, Amazon Fresh, and its movie and TV streaming service, Amazon Prime. Analysts predict that the company will continue to perform well in the future.

The U.S. e-commerce market leader generated an astounding $500 billion in gross merchandise sales last year, with no close competition in sight. Additionally, Amazon Web Services cloud platform boasts unchallenged dominance in the market, toppling the next two major players, Microsoft and Alphabet.

Final Words

Investing in the stock market requires knowledge and research. These 10 stocks to buy in USA discussed in this article have shown significant growth over the past few years and have the potential to continue performing well in the future. However, it is always important to remember that the stock market is unpredictable, and there are always risks involved. Investors should always do their due diligence before making an investment and should consult with a financial advisor if needed.

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