5 of the Best Stocks to Buy Now

And so for our 247th year of independence, here are 5 more tips for financial independence.  

JULY 3, 2023 Invested Advice, rankings and stock market news for investors.

Good morning, investors. Markets closed out the first half of 2023 in positive territory and Apple broke through $3 trillion. Highlights of today's newsletter include our market insights plus these new articles: 5 of the Best Stocks to Buy Now 7 of the Best Long-Term Stocks to Buy and Hold 7 Best Carbon Capture and Decarbonization Investments Best Silver Stocks of 2023 How AI Could Spark the Next Financial Crisis What Is the Average Stock Market Return? Markets will close at 1 p.m. EST today in early observance of Independence Day. Invested will not publish on Tuesday and will return on Wednesday. TODAY'S FEATURED STOCK STORY 5 of the Best Stocks to Buy Now The stock market is surging once again. The Nasdaq-100 in particular is up more than 36% year to date through June 29, making for one of the best performances in tech stock history over a half-year period. New investing themes such as artificial intelligence have sprung to life, lifting valuations for a great number of stocks. Investors might be feeling that they have missed the party. The good news, however, is that there are still some bargain stocks to buy for the second half of 2023, including a few companies with strong growth trends of their own. These are five of the best stocks to buy for this summer and beyond: Danaher Corp. (ticker: DHR). Following the pending spinoff of its water business later this year, Danaher will become a pure play on health care, primarily in laboratory tools and services. In particular, it is a leader in bioprocessing, which is key in developing advanced biotech therapeutics such as cell therapies. As biotech moves beyond simple compounds into personalized medicine, bioprocessing leaders such as Danaher will benefit. DHR is also a great play on the world's aging demographics. Danaher shares have sold off as COVID-19-related testing and vaccine development revenues disappeared. This marks a buying opportunity for long-term investors. Diageo PLC (DEO). Diageo is one of the world's largest spirits companies. It is known for brands such as Johnnie Walker, Tanqueray, Smirnoff, Baileys, Crown Royal and other spirits, along with Guinness beer. Traditionally, investors pay a high multiple for beverage companies due to their strong profit margins, recession-resistant nature and strong brands. Spirits companies like Diageo and Brown-Forman Corp. (BF.A, BF.B) often trade for around 30 times earnings. However, a profit margin squeeze related to inflation has dimmed near-term sentiment around the spirits companies. Diageo in particular is now going for about 19 times forward earnings. That's a bargain compared to Diageo's historical average. Investors seeking a safe holding with excellent brands and reasonable growth prospects can take advantage as Diageo shares linger near their lowest levels since late 2020. Click here to continue reading. These are five of the best stocks to buy for this summer and beyond: Danaher Corp. (ticker: DHR) Charles River Laboratories International Inc. (CRL) Pfizer Inc. (PFE) Wells Fargo & Co. (WFC) Diageo PLC (DEO)