10 of the Best Stocks to Buy for 2023

 The latest from U.S. News Invested, the best stocks for this year:  

JUNE 8, 2023 Invested Advice, rankings and stock market news for investors.

Good morning, investors. The Nasdaq sells off, and Goldman says the fruits of the AI boom are far from over for the S&P 500. Highlights of today's newsletter include our market insights plus these new articles: 10 of the Best Stocks to Buy for 2023 How Much Would $10,000 Invested in Meta Stock at Its IPO Be Worth Today? 10 Inverse ETFs That Gain in a Bear Market 7 Best Natural Gas Stocks and Funds to Buy in 2023 6 of the Best Fidelity Mutual Funds to Buy and Hold 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. The catalysts behind Wall Street's sell-off are all too familiar: Inflation, soaring interest rates, persistent recession fears and the Russia-Ukraine war snowballed into an avalanche of worries that investors couldn't ignore, and many previously high-flying stocks took a beating as the "risk off" mindset came to dominate markets. 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. Here's a rundown of the 10 best stocks to buy for 2023 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. Like other tech stocks, AAPL shares had a rough go of it in 2022, as recession fears and soaring interest rates spooked investors in the sector. Following a rare 26.4% pullback in 2022, Apple shares have bounced back to the tune of 38.3% in 2023, recently hitting all-time highs. The $2.8 trillion iPhone maker now trades at around 30 times earnings, reflecting the market's confidence in the company's strong competitive moat. Apple recently unveiled its newest product, a virtual reality headset dubbed the Apple Vision Pro, which will retail for $3,499. While that price tag will likely make it a niche product in the early days, investors are hoping some iteration of the technology will emerge as a new source of meaningful revenue alongside product lines like the Apple Watch and the Mac. 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 $4.6 billion. Revenue grew like a weed in 2022, surging 48.4%. With initial roots on the West Coast, Dutch Bros locations are almost entirely in the West and Southwest, with 716 locations in 14 states through the end of March. The small footprint of its drive-thru stores means they are relatively cheap to open, allowing for faster expansion. That shows up in the numbers: 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 more or less breakeven on the year through June 6. Click here to continue reading. STOCKYTD TOTAL RETURNS THROUGH JUNE 6 Apple Inc. (ticker: AAPL)38.3% Dutch Bros Inc. (BROS)0.4% Citigroup Inc. (C)6.6% Amazon.com Inc. (AMZN)50.7% Walt Disney Co. (DIS)6.1% PayPal Holdings Inc. (PYPL)-8.7% EOG Resources Inc. (EOG)  -10.9% Grupo Aeroportuario del Sureste SAB de CV (ASR)  26.1% Taiwan Semiconductor Manufacturing Co. Ltd. (TSM)  34.7% Diageo PLC (DEO)  -4.1% Return of Equally Weighted Portfolio13.9%