Top Stocks to Buy in 11 Different Sectors

 Yet another list of top stocks to buy.  

FEBRUARY 9, 2023 Invested Advice, rankings and stock market news for investors.

Good morning, investors. Stocks fall on weak earnings, and Manchester United shares head higher on buyout talk. Highlights of today's newsletter include our market insights plus these new articles: Top Stocks to Buy in 11 Different Sectors 8 Best High-Yield REITs to Buy 7 of the Best Sports Betting Stocks to Watch 7 Best Gold Stocks to Buy Now TODAY'S FEATURED STORY Top Stocks to Buy in 11 Different Sectors The stock market is off to a hot start in 2023, but the Federal Reserve is still raising interest rates in its ongoing battle against inflation. Investors have grown increasingly optimistic that the Fed can navigate a soft landing for the U.S. economy, but the economic outlook for 2023 remains uncertain. In these unpredictable times, investors can mitigate risk by using the power of diversification. The Bank of America research team maintains a list of diversified, top-tier American stock picks. Here's one top stock to buy from each of the 11 market sectors, according to Bank of America: Information Technology: Microsoft Corp. (ticker: MSFT). Microsoft is the world's largest software company and is well known for its Windows operating system, Office professional software suite and Azure cloud services business. Analyst Brad Sills says Microsoft's recent revenue growth slowdown will likely bottom out in the fiscal third quarter, and most of the company's headwinds are driven by macroeconomic conditions rather than issues specific to Microsoft. He projects sales growth will rebound from just 5% in 2023 back into the double-digit percentage range in 2024 and 2025 as Azure adoption continues. Bank of America has a "buy" rating and $300 price target for MSFT stock. Consumer Discretionary: Starbucks Corp. (SBUX). Starbucks is the leading global retailer of high-quality coffee products. Analyst Sara Senatore says the strength of the Starbucks brand around the world is unparalleled, even in China. That country has been a soft spot for Starbucks in recent quarters, as measured by a 29% drop in China same-store sales in the fiscal first quarter. However, an easing of lockdowns in China helped January sales improve sequentially, and Senatore says China's reopening should help Starbucks grow its margins in the second half of 2023. Bank of America has a "buy" rating and $138 price target for SBUX stock. Click here to continue reading. Here's one top stock to buy from each of the 11 market sectors, according to Bank of America: Information technology: Microsoft Corp. (ticker: MSFT) Consumer discretionary: Starbucks Corp. (SBUX) Communication services: Warner Bros. Discovery Inc. (WBD) Health care: Thermo Fisher Scientific Inc. (TMO) Consumer staples: Coca-Cola Co. (KO) Financials: Interactive Brokers Group Inc. (IBKR) Industrials: Northrop Grumman Corp. (NOC) Energy: Schlumberger NV (SLB) Materials: Nutrien Ltd. (NTR) Real estate: SBA Communications Corp. (SBAC) Utilities: PG&E Corp. (PCG)