10 of the Best Stocks to Buy for 2023

Continuing this holiday weekend's theme of best stock buy, here's another list of 10 best stocks for 2023.  Hope everyone had a great Memorial Day.  

MAY 26, 2023 Invested Advice, rankings and stock market news for investors.

Happy Friday, investors! The Nasdaq rallies, led by Nvidia's 24% leap as its sales outlook shocks and its data-center business shines. Highlights of today's newsletter include our market insights plus these new articles: 10 of the Best Stocks to Buy for 2023 7 Dividend Stocks to Buy and Hold Forever 7 Best Balanced Funds to Pick Right Now 8 Things to Look For in a Quarterly Report How to Invest in Commodities Invested will not publish Monday in observance of Memorial Day and will return on Tuesday. TODAY'S FEATURED STOCK STORY 10 of the Best Stocks to Buy for 2023 The year 2022 was a lousy one for the stock market. Even after factoring in dividends, the S&P 500 fell 19.4% in those 12 months, while the tech-heavy Nasdaq composite took a 33.1% haircut. This, thankfully, provided a window of opportunity for investors to snap up great companies at a discount entering the new year. Before each new year, U.S. News selects 10 stocks to buy for the year ahead. U.S. News' 2023 list is up 9.7% through May 24, compared to a 7.2% gain for the S&P 500. Here's a rundown of the 10 best stocks to buy and how each has fared thus far based on total returns, which include dividends: Apple Inc. (ticker: AAPL). First up is Apple, the largest publicly traded company in the world, if you exclude government-backed behemoths such as oil giant Saudi Aramco. Following a rare 26.4% pullback in 2022, Apple now trades at about 28 times earnings, offering investors a sound entry point into the $2.7 trillion iPhone maker. While the tech giant's overall second-quarter sales fell 3% from Q1, Apple still beat Wall Street's earnings expectations, and revenue in its high-margin services segment reached $21 billion. AAPL stock is bouncing back from its 2022 woes, with shares up 32.6% in 2023 through May 24. Dutch Bros Inc. (BROS). While massive, established companies like Apple can offer investors some stability, smaller companies have more room for expansion and can boost portfolios. Enter the rapidly expanding coffee chain Dutch Bros, which for comparison's sake, is roughly 0.2% the size of Apple despite being worth about $5 billion. Revenue grew like a weed in 2022, surging 48.4%. Dutch Bros opened 133 new stores in 2022, which works out to location growth of 25%. While the company's stock got off to a hot start in 2023, shares sank in early May after a quarterly earnings report that fell below analysts' expectations. Shares are still up 4.3% through May 24. Click here to continue reading.   T STOCK YTD TOTAL RETURNS THROUGH MAY 24 Apple Inc. (ticker: AAPL) 32.6% Dutch Bros Inc. (BROS) 4.3% Citigroup Inc. (C) 0.4% Amazon.com Inc. (AMZN) 39% Walt Disney Co. (DIS) 2.5% PayPal Holdings Inc. (PYPL) -13.2% EOG Resources Inc. (EOG) -10.6% Grupo Aeroportuario del Sureste SAB de CV (ASR) 21.3% Taiwan Semiconductor Manufacturing Co. Ltd. (TSM) 21.6% Diageo PLC (DEO) -1.3% Return of Equally Weighted Portfolio 9.7%