As the year ends, beginner and professional traders take some time to plan their actions for the upcoming year. If you’re a beginner, you must’ve been relying a lot on media reports and analysts’ recommendations. However, even professional traders look out for recommendations at some point but they still rely on their skills.
While it’s not a bad idea to look for recommendations, especially if you’re a beginner, not all analysts are as reliable as you might think. So aside from looking for the best stocks, you should also find the best analysts.
On the other hand, if you’re not ready to pick individual stocks yet, there’s no harm in sticking with indices trading. You’ll get a ton of exposure, plus there’s not much pressure on your end.
The year 2022 has been a roller-coaster ride in terms of market stability. People thought that since the lockdown was over, the market will suddenly be okay. But there are other factors that affected many countries, including the war.
So all things being considered, do you have some ideas about which stocks are your best bet for 2023? You might want to consider the list below!
Do you want to “Get Big Fast”? Although this phrase isn’t applicable to trading, it is to Amazon (since 1994). As of today, Amazon has a market valuation of more than $900 billion, which makes investors more attracted to hop on this online enterprise.
The question is, should you buy Amazon stocks next year? Just like any other thing, the famous e-commerce business expects to hit its last recession before the year ends. However, according to analysts, it’s a good thing as it’ll secure its spot on the best stocks to buy in 2023.
Aside from that, there are three reasons why Amazon should make it to your list. Unless you’re sticking with indices trading, you should take note that Amazon has a positive outlook in terms of:
- The growth of their digital advertising services
- Significant growth of AWS (Amazon Web Services) as a cloud computing business
- Continuous increase in e-commerce memberships and purchases
Paypal Holdings Inc. has been providing flexible financial services to companies and individuals since 1998. Nowadays, digital payments are becoming more popular, which makes PayPal one of the go-to digital payment platforms around the globe.
Aside from catering to more than a hundred currencies, you can easily send and receive payments wherever you are. Plus, you can see the currency rates in real-time!
In terms of market valuation, PayPal is now at more than $78 billion. Although it’s perceived to be down before the year ends, and analysts rated it as Buy (and not Strong Buy), you can still expect a lot from it next year.
If you’re going to look at PayPal’s performance in the previous years, you’ll determine how it’s inexpensive, and it usually gets back on track.
With a market valuation of more than $33 billion, Halliburton continues providing many countries with energy-related products and services. Whether it’s about construction, filling up geological data, or even drilling oil, Halliburton gives the best services.
As you may already know, the struggle of the oil industry has been tough for a while now. Even before the pandemic, there was a significant decline in oil supply for most countries, and it worsened due to Ukraine- Russia war. Fortunately, Halliburton stood up and made its way to find the best sources.
As one of the biggest companies in the energy industry, analysts are seeing its rising tendency. So if you want to lie low from indices trading and look for some good portfolio addition, you may want to consider this one.
Furthermore, recently, Halliburton was included in Zacks.com’s list of most searched stocks, so there’s something to look forward to in 2023.
Apple, an over $2 trillion valuation company, has been providing consumers with personal computers, tablets, smartphones, computer software, and computer accessories since 1976.
When people are looking for a safe investment, they usually come to Apple. Unfortunately, 2022 didn’t look as good for the famous tech company. But since Apple is well-established in the industry, a few bumps won’t hurt the future. After all, Apple products are consistently selling over the years.
So if you’re worried about investing in Apple, there are no speculations that it’ll leave the top soon. Besides, as of today, Apple has around 2 billion active users and it’s not likely they’ll also leave soon.
Meanwhile, if you think it’s too risky to invest in single companies, it’s fine if you don’t leave indices trading for now. After all, analysts have also been talking about the S&P 500 Index Fund, so you might still have a chance.
Have you created your list of the best stocks to buy in 2023? Don’t hesitate to share it with us by leaving a comment below!
ABOUT THE AUTHOR:
Aliana Baraquio is a web content writer at FP MARKETS, a global Financial Technology services Foreign Exchange (Forex) and Contracts for Differences (CFD) broker established in 2005. She also loves reading about interior design and home makeovers.