10 Best Growth Stocks to Buy for 2023

Continuing on the weekend themes of top stock recommendations, here's another list of suggestions.  

FEBRUARY 24, 2023 Invested Advice, rankings and stock market news for investors.

Happy Friday, investors! Hotter-than-expected inflation data can't hold stocks down, and Nvidia soars on AI mania. Highlights of today's newsletter include our market insights plus these new articles: 10 Best Growth Stocks to Buy for 2023 7 Best Utility Stocks to Buy for Dividends 7 Best Bond Funds for Retirement 7 Strategies to Keep Your Financial Plan on Track TODAY'S FEATURED STOCK STORY 10 Best Growth Stocks to Buy for 2023 After a strong rally to start the year, growth stocks are starting to slide once again. And it's understandable why. Inflation appeared to be letting up for a bit, but data has started trending the wrong way. As a result, the Federal Reserve has redoubled its rhetoric around higher interest rates and putting out the inflationary fire. This is not ideal for the tech industry. Investors have to be particularly cautious with growth stocks given the macroeconomic headwinds running against the sector. That said, it's not all bad news. Valuations have come down a long way. For growth stocks which still have strong fundamentals, forward returns from here could be stellar. These 10 growth stocks have what it takes to prosper despite current inclement conditions: Microsoft Corp. (ticker: MSFT). Investors are suddenly rushing to invest in artificial intelligence companies. While there are pure-play AI companies, those tend to be small and unprofitable at the moment. For a safer AI pick, there's Microsoft. The company is developing a first mover advantage thanks to incorporating AI into its Bing search engine. AI also demands very high levels of computing power. That builds wonderfully into demand for Microsoft's Azure cloud hosting product, putting Microsoft in perfect position to win on multiple fronts as AI solutions gain further adoption. Spotify Technology SA (SPOT). 2022 was a dour year for the streaming industry, and Spotify seems to have gotten caught up in this sentiment, even as there is much less competition in audio than video. Spotify has overwhelming market share for music and podcast streaming in many international markets. Its investments in original content help the platform stand apart as well. Ultimately, audio makes for a great subscription product. Spotify hasn't quite solved the profitability problem yet, but as long as it keeps attracting more subscribers, its valuation should rise. Click here to continue reading. Microsoft Corp. (ticker: MSFT) Spotify Technology SA (SPOT) Sociedad Quimica y Minera de Chile SA (SQM) Clearfield Inc. (CLFD) Qualcomm Inc. (QCOM) Visa Inc. (V) XP Inc. (XP) Global Payments Inc. (GPN) Tradeweb Markets Inc. (TW) Lightspeed Commerce Inc. (LSPD)