10 of the Best Stocks to Buy for 2023

One more time to close out the weekend, from the latest edition of U.S. News Invested, the best stock picks for 2023.  

JULY 21, 2023 Invested Advice, rankings and stock market news for investors.

Happy Friday, investors! The Nasdaq tumbles after Tesla and Netflix results put a damper on enthusiasm for tech stocks. Highlights of today's newsletter include our market insights plus these new articles: 10 of the Best Stocks to Buy for 2023 9 Best Cheap Stocks to Buy Under $10 10 Best Value Stocks to Buy Now Should You Buy Netflix (NFLX) Stock? 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 so far this year 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 shares surged 50.6% through July 19, recently hitting all-time highs and eclipsing the $3 trillion mark for the first time in history. The iPhone maker now trades at around 33 times earnings, reflecting the market's confidence in the company's strong competitive moat. 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 $4.7 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 up 3.7% this year through July 19. Click here to continue reading.   STOCK YTD TOTAL RETURNS THROUGH JULY 19 Apple Inc. (ticker: AAPL) 50.6% Dutch Bros Inc. (BROS) 3.7% Citigroup Inc. (C) 7.3% Amazon.com Inc. (AMZN) 61.1% Walt Disney Co. (DIS) 0.2% PayPal Holdings Inc. (PYPL) 4.2% EOG Resources Inc. (EOG) -2.7% Grupo Aeroportuario del Sureste SAB de CV (ASR) 24.4% Taiwan Semiconductor Manufacturing Co. Ltd. (TSM) 39.7% Diageo PLC (DEO) 1.7% Return of equally weighted portfolio 19%