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Top 10 Stocks To Buy Now UPDATED

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.

top 10 stocks to buy now

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 thus far based on total returns, which include dividends:

First up is Apple, the largest publicly traded company in the world, if you exclude government-backed behemoths such as oil giant Saudi Aramco. Like other tech stocks, AAPL shares had a rough go of it in 2022, as recession fears and soaring interest rates spooked investors in the sector. Following a rare 26.4% pullback in 2022, Apple now trades at 26 times earnings, offering investors a sound entry point into the $2.5 trillion iPhone maker. Although its most recent earnings report technically missed expectations, that was more due to supply chain snarls than demand issues. In fact, Apple reported an active-installed base of more than 2 billion devices, and revenue in its high-margin services segment surpassed $20 billion. AAPL stock is bouncing back from its 2022 woes, with shares up 22.5% in 2023 through March 23.

Taiwan Semiconductor Manufacturing, a $500 billion business and the dominant high-level foundry for advanced chips, is next on the list. In the semiconductor industry, foundries are companies that manufacture chips for other companies, and TSM enjoys a massive market share for chips 7 nanometers and under. Apple, which has started to shift its supply chain away from China, is one of TSM's biggest customers. The company reported fourth-quarter results that beat both top- and bottom-line expectations, with revenue jumping 43% and earnings per share surging 78%. Trading at just 14 times earnings and paying a 2% dividend, TSM is, incidentally, yet another Buffett holding, and its shares have been crushing it in early 2023, posting gains of 27.7% through March 23. TSM is the best-performing stock among the best stocks to buy so far in 2023.

Diversified earnings and excellent management bode well for patient investors. Plus, Berkshire Hathaway is flush with cash it can use to gobble up growth stocks and buy back shares, Seeking Alpha noted.

Experts recommend investing in stocks over bonds if your goal is growth and you have a strong appetite for risk. Although stocks are more volatile than bonds, historically, they have produced larger long-term gains. If investing in individual stocks is too risky for you, consider a mutual fund that invests in a basket of growth stocks.

Dividends can be a great way to give your investment portfolio a boost of income, which is something many people are looking for during periods of high inflation and amid talk of a possible recession. Dividend stocks or dividend funds can help you earn regular passive income from some of the strongest companies in the economy.

In the current financial market environment, it is tough to answer the question of what are the best stocks to buy now if the expectation is that the share prices will rise from day one.

It is essential to focus on the companies that have been convincing for a long time with impressive balance sheets, solid profits, favorable forecasts and a decent company outlook. The following sample portfolio contains some of the best mega-cap and high-growth stocks, ETFs and IPOs.

Please note that investing in the best stock to buy now does not mean that it is a good idea to invest the entire capital all at once. The opposite is true. Even the best stocks to buy now unfold the best performance in the long term with a minimum investment horizon of 10 years. The cost-averaging effect can be used to cumulate a stock portfolio over a longer time frame at a reasonable average cost basis.

Apple is the unbeaten leader of billion-market cap companies with a current market cap of 2,321.08B. In September, Apple introduced the brand new iPhone 14 and iPhone 14 Plus, with a new dual-camera system and the best battery life on iPhone. As of October 2022, over 100 million songs are available via Apple Music, and the new Apple Watch Ultra adds more features to the luxury watch segment. Like other stocks, also Apple is not at its all-time high, but the extent of consolidation is less pronounced than for other shares.

Ericsson is the 5G technology leader and belongs to the best 5G stocks you can buy. The company is a multinational telecommunications equipment and services corporation that was founded in 1876. The P/E ratio is 9.73, and the EPS is $0.63. The market value is currently at $20.63B, and with a stock price of $6.10, we are in the middle between the all-time high and 10 year low.

In the long term, there are no real alternatives to Wall Street. But there are plenty of choices, and diversification is key when adding new stocks to the brokerage account. Based on media reports, many people used the stimulus bill to invest but also to pay bills. No one was speaking about a potential stock market crash, but the best stock market movies show that crazy things can happen.

Protecting your money should always be the number one priority, and cash in your account is good when the markets retrace. An all-in investment by flooding a brokerage account with all types of stocks just to be invested is most likely an unfavorable decision in the mid-term.

Please note that this list is not investment advice. I strongly recommend you analyze any potential investment on your own before buying and selling shares of stock. There is always a risk associated with investing, and the higher the profit potential, the higher the risk. Stock picking services can help find the right stocks to invest in regularly with constantly updated company values, results, and analysis.

There are two popular ways when it comes to the answer to the question of how to pick stocks. One is that the investor does all the research independently, taking full responsibility for the whole process. Alternatively, there are a couple of stock picking services out there that take care of the selection process and investors often directly buy and sell based on such recommendations.

You may have wondered if there is a best time of day to buy stocks. Actually, for long term investing, the specific time of day is not that important, while buying and selling at specific times can be beneficial for day traders.

The best stock trading apps and low-commission brokers are essential to buying the right stocks at a reasonable price and as low as possible commissions. Long-term investors chose a zero-commission broker with excellent financials and long-term business stability. Day traders focus on fast executions and excellent trading tools.

The guide on how many stocks I should buy explains various position sizing concepts, the importance of diversification and market risk. There are also some ways on how to get free stocks, but they are typically worth about $10 each.

There are two types of stock splits. The regular stock split where you receive a defined multiple number of stocks in exchang