- Summary:
- In this article, we present a list of the best stocks to buy now. The list includes the most profitable dividend, growth and value stocks.
Table of Contents
- Best Penny Stocks To Buy Now
- Best Cheap Stocks To Buy Now
- Best Growth Stocks To Buy Now
- Best Dividend Stocks To Buy Now
- Best Tech Stocks To Buy Now
- Best Long-Term Stocks To Buy Right Now
- Best Short-Term Stocks To Buy Now
- Best Energy Stocks To Buy Now
- Best Stocks To Buy Now 2023
- Best Stocks To Buy Now 2025
- Best Stocks To Buy Now 2030
- Best Oil Stocks To Buy Now
- Best Stocks To Buy Now Cheap
- Best Value Stocks To Buy Now
- Best Undervalued Stocks To Buy Now
- Best Bank Stocks To Buy Right Now
- Best EV Stocks To Buy Now
- Conclusion
It is high time to find out the best stocks to buy now, as the markets are getting hot once again. The US equities have made a strong comeback in 2023, recovering from a strong downtrend of last year. A few tech stocks, like Apple stock and Nvidia stock have already broken above their 2021 all-time highs, which shows the bullish sentiment in the markets.
Best Penny Stocks To Buy Now
Penny stocks are one of the most popular investment products for new retail investors. These stocks tend to be highly volatile in nature as most of them have small market capitalizations. While it is very difficult to find the best penny stocks to buy now, some stocks with a potential upside are listed below.
- Sunworks, Inc. (NASDAQ: SUNW) – The demand for renewable energy is on the rise. Sunworks Inc. has a strong balance sheet.
- Sorrento Therapeutics, Inc. (NASDAQ: SRNE) – It is a biopharmaceutical company that is developing treatments for cancer and several other life-threatening diseases.
- Bionano Genomics, Inc. (NASDAQ: BNGO) – It is a genome company that analyzes DNA and has many strong partnerships.
- Ring Energy, Inc. (NYSE: REI) – It is an oil and gas company with a focus on the Permian Basin.
- Canoo Inc. (NASDAQ: GOEV) – The EV company is developing a unique platform with diverse uses for the industry.
Best Cheap Stocks To Buy Now
It depends on what you mean by ‘cheap’. Some people consider the penny stocks to be the cheapest, while others look at the correction from its all-time high. If you are looking for the best stocks to buy now, which are close to $1, then the above list of penny stocks may help you.
In a broader context, the banking industry has taken a massive hit in 2023, most of the bank stocks are still available at a good bargain.
Best Growth Stocks To Buy Now
There is a plethora of opportunities in the growth stocks these days. It depends on your risk appetite and the time horizon of investment which one is suitable for you. The rise of Artificial Intelligence, Metaverse, and the record sale of electric vehicles have increased the upside potential of stocks like Microsoft (NASDAQ: MSFT), Google (NASDAQ: GOOG), Nvidia (NASDAQ: NVDA), META Platforms (NASDAQ: META) and Tesla (NASDAQ: TSLA).
Best Dividend Stocks To Buy Now
Some of the best dividend stocks to buy now are the stocks of well-established companies. These stocks provide a good passive income in the form of dividends to their shareholders. Considering the history of dividends pay the nature of business, Johnson & Johnson (JNJ), Procter & Gamble (PG), The Coca-Cola Company (KO), Walgreens Boots Alliance (WBA) and Mastercard (MA) seem to be good dividend stocks.
Best Tech Stocks To Buy Now
The recent price rally has sent tech stocks to their highest level in the last 12 months. It is better to wait for a pullback before taking any long-term positions. Some of the best tech stocks to buy now are the companies developing hardware and software for Artificial intelligence applications. Tech giants like Microsoft, Google, and Nvidia are leading this frontier at the moment.
Best Long-Term Stocks To Buy Right Now
While many stocks can give short-term gains, many investors often look for consistent gains for a longer duration. Some of the blue-chip stocks which have stood the test of time are the best picks in this regard. This includes stocks of companies like Microsoft (MSFT), Amazon (AMZN), Alphabet (GOOGL), Visa (V), and Mastercard (MA).
Best Short-Term Stocks To Buy Now
Due to the recent surge in US equities, most stocks are already trading at their yearly highs. I expect a correction in most of the major stocks, at least in the short term. Buying most of the stocks right now may turn out to be buying a local top of the rally. The following chart shows that the Nasdaq 100 index is at a very strong resistance level of 15,200 points.
Best Energy Stocks To Buy Now
Energy stocks are mostly driven by the global demand for oil. Since the start of the Ukraine conflict, Oil prices have remained highly volatile. Nevertheless, major energy companies like Chevron (CVX), ConocoPhillips (COP), EOG Resources (EOG), Devon Energy (DVN) and Marathon Petroleum (MPC) can still be good investments in the long term.
Best Stocks To Buy Now 2023
Tech stock have posted massive gains in 2023. The stocks like Nvidia, Apple, Tesla, Microsoft and Google were the best stocks to buy last year. Tesla stock and Meta stock still seem to have more upside. However, these stocks have already surged a lot, so proper risk management is necessary. PayPal (PYPL), UiPath (PATH) and Cloudflare (NET) are worth consideration in this regard.
Best Stocks To Buy Now 2025
Many analysts are expecting a recession in the US & UK almost imminent this year. A recession will most probably send the prices of most high risk stocks below their 2022 lows. This may also be a great time to accumulate stocks for the long term. While there may be very few best stocks to buy now, in a few months, there could be a firesale if a recession hits in the US.
Best Stocks To Buy Now 2030
The best stocks to buy now for 2030 are the ones that have high growth potential and also give you some passive income throughout the next 7 years. Therefore, if you’re looking to set a portfolio for the next 7-10 years, it should be a mix of both the dividend stocks and the growth stocks. Strongest picks from both categories have already been listed above.
Best Oil Stocks To Buy Now
The recent output cuts by OPEC+ and additional cuts from Saudi Arabia point towards a weakness in oil demand. However, if the US, China trade war evolves in a dispute over Taiwan, then the global supply chain may get disrupted. Chevron (CVX), ExxonMobil (XOM), EOG Resources (EOG), Devon Energy (DVN), and Marathon Petroleum (MPC) are some of the best stocks to buy now if you are bullish on oil prices.
Best Stocks To Buy Now Cheap
If you are into penny stocks then you must check the list of best penny stocks to buy now which is listed above. However, if you are looking for the stocks which are trading at a discount, then you must find the following value stocks worth considering.
Best Value Stocks To Buy Now
Value stock are those stocks that trade below their intrinsic value. Therefore, they show a divergence from the underlying worth of a company. Keeping this in view, Procter & Gamble (PG), Walgreens Boots Alliance (WBA), Johnson & Johnson (JNJ), Mastercard (MA), The Coca-Cola Company (KO).
Best Undervalued Stocks To Buy Now
The above-mentioned value stock can also be considered undervalued at the moment. A further pullback in these stocks may also occur due to the recession in the later half of this year. This may provide even better entries in these stocks. In addition to these stocks, UiPath (PATH), HubSpot (HUBS), Block (SQ), and PayPal (PYPL) also seem to be a bit undervalued at the moment.
Best Bank Stocks To Buy Right Now
Due to the recent banking crisis in the US, some of the best stocks to buy now are Bank stocks, which are available at a bargain. While there are still risks in the banking industry, the US government’s intervention has improved confidence. Bank of America (BAC), Wells Fargo (WFC), Citigroup (C), Morgan Stanley (MS), and Goldman Sachs (GS) could be the best picks among bank stocks.
Best EV Stocks To Buy Now
The global EV sales increased 60% in Q1 2023 on a year over year basis. This shows that the demand for electric vehicles is on the rise. Some of the best EV companies which can be a good longterm investment can be Tesla (TSLA), NIO (NIO), Li Auto (LI), Xpeng (XPEV), BYD (BYDDF), and Lucid Group (LCID).
Conclusion
The investment goals and objectives vary from person to person. Even the same person at different stages of their life may change their investment approach. I’ve presented the best stocks to buy now based on only my experience and research. Therefore, you should not take this article as any investment advice and must do your own research before investing.