2023's 10 Best-Performing Stocks

As we approach the year's mid-point, here is the latest and greatest list of the best stocks for 2023.  

JUNE 2, 2023 Invested Advice, rankings and stock market news for investors.

Happy Friday, investors! Stocks rise after the House passes debt-limit legislation, and the Senate plans to take its turn. Highlights of today's newsletter include our market insights plus these new articles: 2023's 10 Best-Performing Stocks 5 of the Best Stocks to Buy Now 9 Upgraded Stocks to Buy in June 11 Best Energy Stocks to Buy in 2023 7 Best International Stock Funds to Buy in 2023 What's the Best Treasury ETF? 7 Options for Investors TODAY'S FEATURED STOCK STORY 2023's 10 Best-Performing Stocks The 2023 S&P 500 market rally continued in May as investors anticipate an end to Federal Reserve rate hikes as soon as June. However, investors are still concerned the Fed will be unable to bring down inflation and navigate a soft landing for the U.S. economy. Top 2023 stock market performers include health care stocks with unique catalysts and stocks exposed to artificial intelligence technology. Here are the 10 best-performing stocks of 2023 among companies that trade on major U.S. exchanges and have market capitalizations of at least $1 billion. Returns are through May 31: 10. ImmunoGen Inc. (ticker: IMGN). ImmunoGen is a biotech company that targets cancer using antibody-drug conjugates, which are cancer-killing toxins attached to specific antibodies using a biodegradable linker. The stock rallied in May when ImmunoGen reported positive phase 3 data for Elahere (mirvetuximab soravtansine) in treating folate-receptor-alpha-positive platinum-resistant ovarian cancer in patients who have received prior chemotherapy. Investors are hoping more positive data and an expanded label for Elahere could propel the stock even higher. IMGN shares are up 175% this year. 9. Symbotic Inc. (SYM). Symbotic specializes in supply chain automation and optimization using AI technology. The company's customers include Walmart Inc. (WMT), Albertsons Cos. Inc. (ACI) and C&S Wholesale Grocers. Symbotic reported impressive 177% revenue growth in its fiscal second quarter. The company also said it completed installations of its current system at multiple customer sites in the quarter and has increased its total deployments by threefold compared to a year ago. The AI trend is red hot on Wall Street, and Symbiotic has been one of the biggest beneficiaries. The stock is up 176.2% this year. Click here to continue reading.