Investing in stocks can be a great way to build wealth over time. However, with thousands of publicly traded companies in the US, it can be overwhelming to decide where to invest your money. To help you out, we’ve compiled a list of the best US stocks to invest in 2023.
Before we dive into the list, it’s important to understand that investing in stocks comes with risk. There is no guarantee that any of these stocks will perform well in the future, and you could potentially lose money. It’s important to do your own research and make investment decisions based on your own goals and risk tolerance.
- Amazon (AMZN)
Amazon has been a dominant player in the e-commerce industry for years, and the pandemic has only accelerated its growth. With more people shopping online than ever before, Amazon’s revenue has skyrocketed. In addition to its core e-commerce business, Amazon also has a strong presence in cloud computing with Amazon Web Services (AWS). AWS has been a significant contributor to Amazon’s revenue growth in recent years. With a market cap of over $1.6 trillion, Amazon is a behemoth that shows no signs of slowing down.
- Alphabet (GOOGL)
Alphabet, the parent company of Google, has a dominant position in the online search and advertising industry. Google’s search engine is the most widely used in the world, and its advertising platform is one of the most effective. Alphabet has also been investing heavily in other areas such as autonomous driving and healthcare. With a market cap of over $1.8 trillion, Alphabet is one of the largest companies in the world.
- Microsoft (MSFT)
Microsoft has been a tech giant for decades, and it continues to be a major player in the industry. Its Windows operating system is still widely used, and its cloud computing platform, Azure, has been growing rapidly. Microsoft has also been investing in areas such as artificial intelligence and gaming. With a market cap of over $2.4 trillion, Microsoft is one of the most valuable companies in the world.
- Visa (V)
Visa is the largest payment processor in the world, and its network is used by millions of merchants and consumers globally. With the rise of e-commerce and digital payments, Visa is well-positioned to benefit from these trends. In addition to its core payment processing business, Visa has also been investing in areas such as mobile payments and blockchain technology. With a market cap of over $530 billion, Visa is a stable and reliable stock for investors.
- Johnson & Johnson (JNJ)
Johnson & Johnson is a healthcare conglomerate that operates in three main segments: pharmaceuticals, medical devices, and consumer health. Its pharmaceutical business has a strong pipeline of drugs, and its medical device business is a leader in several markets. Johnson & Johnson also has a strong consumer health business with well-known brands such as Band-Aid and Tylenol. With a market cap of over $450 billion, Johnson & Johnson is a stable and reliable stock for investors who are looking for exposure to the healthcare industry.
- Procter & Gamble (PG)
Procter & Gamble is a consumer goods company that owns several well-known brands such as Tide, Pampers, and Crest. Its products are used by millions of consumers globally, and the company has a strong track record of innovation and brand management. Procter & Gamble also has a strong e-commerce presence, which has been growing rapidly in recent years. With a market cap of over $360 billion, Procter & Gamble is a stable and reliable stock for investors who are looking for exposure to the consumer
- Apple (AAPL)
Apple is a technology company that is well-known for its iPhones, iPads, and Macs. Its products have a loyal following, and the company has a strong brand. Apple also has a growing services business, which includes its App Store and Apple Music. In addition to its hardware and services businesses, Apple has been investing heavily in areas such as augmented reality and self-driving cars. With a market cap of over $2.4 trillion, Apple is one of the most valuable companies in the world.
- Facebook (FB)
Facebook is a social media giant that owns several well-known platforms such as Facebook, Instagram, and WhatsApp. Its platforms are used by billions of people globally, and the company’s advertising business is one of the most effective in the industry. Facebook has also been investing in other areas such as virtual reality and e-commerce. With a market cap of over $900 billion, Facebook is a well-established stock that has the potential for continued growth.
- Nvidia (NVDA)
Nvidia is a technology company that is a leader in graphics processing units (GPUs). Its GPUs are used in several industries such as gaming, artificial intelligence, and autonomous driving. Nvidia has also been investing heavily in other areas such as data centers and high-performance computing. With a market cap of over $500 billion, Nvidia is a fast-growing company that has the potential for significant future growth.
- Johnson Controls International (JCI)
Johnson Controls International is a company that provides building management systems and services. Its products are used in several industries such as commercial buildings, hospitals, and schools. With the growing focus on energy efficiency and sustainability, Johnson Controls International is well-positioned to benefit from these trends. In addition to its building management business, the company also has a strong automotive battery business. With a market cap of over $50 billion, Johnson Controls International is a stable and reliable stock for investors who are looking for exposure to the industrial sector.
In conclusion, these are some of the best US stocks to invest in 2023. While there is no guarantee that any of these stocks will perform well in the future, they are all companies that have a strong track record of innovation and growth. As with any investment, it’s important to do your own research and make investment decisions based on your own goals and risk tolerance. Remember to diversify your portfolio and invest for the long term to maximize your chances of success.