Best Stocks to Buy in All 11 Market Sectors

Once again, U.S. News Invested gives their take on the single best stock in each of the 11 S&P market sectors.  

VIEW IN BROWSER FEBRUARY 1, 2024 Invested Advice, rankings and stock market news for investors.

Good morning, investors. Markets fall as the Fed holds steady on rates and indicates a potential cut won't happen soon. Highlights of today's newsletter include our market insights plus these new articles: Best Stocks to Buy in All 11 Market Sectors Central Bank Digital Currency (CBDC) Definition 7 Best Value ETFs to Buy and Hold GOOG vs. GOOGL: Why 2 Classes of Alphabet Stock? TODAY'S FEATURED STOCK STORY In investing, a sector is a broad business category that a given company belongs to. Grouping companies, especially companies that offer stock to the public, by sector is a helpful way of sorting them into convenient groups. There is no law or regulation that dictates the official names and criteria of sectors, but the financial industry has adopted and generally adheres to a specific set of sector groupings called the Global Industry Classification Standard, or GICS. The GICS was developed in 1999 in a joint effort between Standard & Poor's Global and Morgan Stanley. It has been a reliable industry standard ever since. Knowing a company's sector is very useful when selecting stocks to buy and hold in an investment portfolio. Because different sectors can perform differently according to their own specific market and economic conditions, diversifying holdings among sectors can reduce the overall risk of a portfolio. In this way, sector diversification is an effective risk reduction strategy. Unfortunately, with thousands of stocks grouped into 11 sectors, picking the right ones to buy can seem like a daunting task. Here's a look at one top stock from each of the 11 different sectors. Click here to continue reading.