These are some of the best stocks to buy now or put on a 2023 watchlist based on positive analyst coverage, strong business fundamentals, and future growth prospects.
It's been a volatile 2022 for the stock market, including bear market dips that have certainly tested investors' mettle. But when looking for the best stocks to buy now, investors should still consider long-term performance more than short-term volatility.
Based on positive industry experts' coverage and forecasts from analysts offering 12-month price targets, we've compiled a list with some of the best stocks to buy now that can benefit from today’s trends and may outperform the broader market in 2023 and over the next years.
Best Stocks To Buy Today: The Crucial Ingredients
On the NYSE and Nasdaq, there are thousands of equities to choose from. However, in order to become a successful investor, you need to identify the best stocks to buy right now.
Analytic tools like TipRanks and Trading Central provide explicit instructions on what to look for. Invest in stocks that have experienced at least a 25% increase in earnings in the last quarter and year. Look for businesses that have ground-breaking new products and services. Consider companies that aren't yet profitable but are growing rapidly in sales, such as recent IPOs.
Successful stock investments have a track record of outperforming the S&P 500. Outperforming this industry benchmark is critical to creating significant long-term returns (beating the market).
In addition, keep an eye on the stock's supply and demand, focus on leading stocks in top industry groupings, and look for stocks with a lot of institutional backing.
Once you've found a stock that meets your requirements, look at stock charts to determine a decent entry point. Wait for the stock to develop a base before buying when it reaches a purchase point, preferably in high volume (trading activity). When a stock breaks above the initial high on the left side of the base, it often signals that it is time to buy. With CAPEX Academy you can learn more about what a base is and how charts can help you make more informed decisions on the stock market.
How to Invest in Stocks – Quick Guide
If you are looking for a quickfire way of how to get started with stocks, follow the steps outlined below.
- Open an account with CAPEX: First, you will need to open an account with CAPEX – a regulated broker that allows you to invest in +5,000 stocks and ETFs and trade CFDs on +2,000 stocks with zero commissions.
- Upload Documents: Like all regulated brokers, you will need to provide a copy of your government-issued ID and a proof-of-residence
- Deposit: You can deposit funds instantly with Visa, MasterCard, Skrill, Neteller, and many others.
- Buy or Trade stocks: Finally, search for the stock you want to buy or trade, enter your stake, and confirm the transaction.
And that is it – the stock will now appear in your portfolio. At any given time, you can close your position and cash out.
Best stocks to buy for 2022
Some of the best stocks to buy in 2023 take into consideration strong business fundamentals, robust earnings profiles, and the capacity to rebound once the market regains momentum.
- Airbnb (ABNB) – One of the best stocks to own in 2022
- Alibaba (BABA) – One of the best stocks to Buy from China
- ASML Holding N.V. (ASML) - One of the best stocks to buy from Netherlands
- Block, Inc. (SQ) - One of the stocks that may double in 2023
- Devon Energy (DVN) – One of the best dividend stocks to buy now
- Endesa (ELE) - One of the best stocks to buy from Spain
- Linde (LIN) – One of the best stocks to buy now from UK by fundamentals
- Microsoft (MSFT) – One of the best stocks to buy on sale
- Nokia Oyj (NOK) – One of the best stocks to buy from Finland
- Norwegian Cruise Line (NCLH) - One of the best stocks to buy according to JP Morgan
- Novo Nordisk (NVO) – One of the best stocks to buy from Denmark
- Rivian (RIVN) – The best stock to Buy in 2023 according to George Soros
- PayPal – One of the most undervalued tech stocks to buy now
- Samsung Electronics (SSNLF) – One of the best stocks to buy from Korea
- SAP SE (SAP) - One of the best stocks to buy from Germany
- Shell – One of the best European stocks to buy now
- Sibanye Stillwater Ltd (SBSW) – One of the best stocks to buy from South Africa
- Sony (SONY) – One of the best stocks to buy from Japan
- STMicroelectronics N.V. (STM) - One of the best stocks to buy from Italy
- Taiwan Semiconductor Manufacturing – One of the best stocks to Buy now according to Warren Buffet
- Total Energies SE (TTE) - One of the best stocks to buy from Frances
- Unlivelier – One of the best defensive stocks to buy in 2023
- Volvo AB – One of the best stocks to buy from Sweeden
The stocks highlighted on this list are sourced from industry analysts, but they may not be a perfect fit for your portfolio. Before you decide to purchase any of these stocks listed in alphabetical order, do plenty of research to ensure they are aligned with your financial goals and risk tolerance.
Is this a good time to invest in stocks?
It’s official, 2022 has been the worst year for the stock markets in more than a decade.
The benchmark for gauging market sentiment – S&P 500 index - was down more than 20% during 2022 and entered the bear market territory. Hopes that the worst of inflation—and the Fed's rate hikes (which curtail demand by making borrowing more expensive)—may be over, generated a stock market rally in Q4.
However, it’s the S&P 500’s first double-digit percentage annual loss since the Great Recession, when the index slid 38.4% in 2008.
But if you take the long-term view, years like these are aberrations—and sometimes they can also be excellent long-term buying opportunities. Every single bear market and recession in history -- no matter how severe -- has eventually given way to a bull market. While nobody can predict exactly how long this market slump will last, investors know a bull market is on the way.
That may not be reassuring right now, while we're still in the thick of this downturn. But now is the time to start preparing for the future upswing.
To put it into perspective, the S&P 500 hasn’t seen back-to-back down years since the bursting of the dot-com bubble in 2001 and 2002. The index has typically delivered an average annual gain of 9% since 1996.
Unfortunately, the dual headwinds of high inflation and interest rate hikes won’t be going away in the near term. But if the major central banks manage to get inflation under control and navigate a soft landing for the major economies, analysts say 2023 could be a much better year.
Famed investor Warren Buffett knows a thing or two about taking advantage of a bull market, and this is his advice: "A simple rule dictates my buying: Be fearful when others are greedy and be greedy when others are fearful."
Right now, stock prices across the board are lower than they've been in months. Some industries -- like the tech sector -- have been hit particularly hard. If you've been looking for a chance to load up on quality stocks at a steep discount, now might be the time to "be greedy."
>> How and where to invest in 2023
Best Stocks to Buy Now
The top 23 best stocks to buy now are directly correlated to the Central Banks's decision to increase interest rates and fight inflation, the end of zero Covid policies in China and political risks. Consequently, the higher-rate environment and other challenges won’t treat every company similarly. Today’s economy will certainly serve as a catalyst for some companies and an obstacle for many more.
Airbnb (ABNB) – One of the best stocks to own in 2023
Short-term home and apartment rentals company Airbnb recorded impressive growth in 2022, with its revenue and net income rising at a healthy pace. Despite that, the stock saw a severe sell-off and is down around 40% in 2022.
Airbnb stock price decline means the stock trades at a relatively attractive valuation. Its price-to-sales ratio of 8 represents a nice discount to last year's multiple of nearly 20. Airbnb is also trading at 32 times forward earnings, compared to 2021's multiple of 128. Given the company's robust growth and its ability to sustain its momentum in 2023, now could be a good time to consider Airbnb stock since it is trading at a cheaper valuation.
After all, tourism spending is expected to increase in 2023. The Economist Intelligence Unit estimates that global tourism arrivals are on track to jump 30% next year, which theoretically should boost Airbnb's addressable market opportunity and help increase its top and bottom lines.
Airbnb stock forecast & price prediction
The 29 analysts offering 12-month price forecasts for Airbnb Inc have a median target of 125.00, with a high estimate of 175.00 and a low estimate of 80.00. The median estimate represents a +36.67% increase from the last prices of 2022.
Alibaba (BABA) – One of the best stocks to Buy from China
Alibaba Group Holding Limited (BABA), China’s leading e-commerce company, saw $1.3 trillion worth of transactions in terms of gross merchandise volume (GMV) in 2022. However, despite this impressive performance, the stock finds itself in the doldrums. Alibaba shares seldom trade at such a deep discount. Accordingly, with the hope of an economic turnaround next year, analysts consider BABA one of the best Chinese stocks for 2023.
The company has been heavily impacted by the continued covid-19 lockdowns throughout China and the aggressive rate increases and a deteriorating outlook for China’s economy have weighed heavily on the stock. The share price has also been under pressure due to the U.S. Securities and Exchange Commission’s plans to delist Chinese tech stocks in 2024 if they do not provide access to audit files.
On November 16, the company announced another $15 billion approval for its share repurchase program, which will end in 2025. This is an addition to the company’s ongoing $25 billion share buyback program, which has already seen $18 billion of share repurchases as of Nov. 16.
Additionally, Alibaba’s cloud business is doing very well. The company hosts over 37% of China-based websites, helping mitigate more than 800 million attacks every day. Coupled with its strong e-commerce and fintech businesses, this adds to a bright outlook as consumer spending goes online. On balance, Alibaba stock looks like an enticing value play for 2023.
Alibaba stock forecast & price prediction
The 45 analysts offering 12-month price forecasts for Alibaba Group Holding Ltd have a median target of 136.17, with a high estimate of 223.19 and a low estimate of 72.39. The median estimate represents a +80.00% increase from the end of 2022 prices. (Source: TipRanks)
ASML Holding N.V. (ASML) - One of the best stocks to buy from the Netherlands
ASML Holding N.V. (ASML) designs and manufactures semiconductor production equipment. It specializes in photolithography equipment, where light sources are used to photo-reactively create patterns on wafers that become printed circuits. ASML is the dominant leader across all types of lithography but, most importantly, is the only company selling equipment for extreme ultra-violet (EUV) lithography, the latest generation technology.
ASML Holding N.V. has a monopoly position in the semiconductor industry because of its specialty in producing cutting-edge lithography systems. Experts believe the company has robust intangible assets due to high investment in research and development (R&D).
ASML Holding stock forecast & price prediction
On August 31, UBS upgraded ASML Holding N.V. stock from a Neutral to a Buy rating and increased the 12-month target price from $615.71 to $635.26. The target price provides a potential upside of over 30% from the stock price as of the end of 2022.
UBS believes that ASML stock is one of the best European stocks to invest in during the current uncertain macroeconomic environment as it offers limited downside risk, given the company’s strong pricing power over its customers and significant market presence.
Block, Inc. (SQ) - One of the stocks that may grow in 2023
Block (SQ) helps sellers run an omnichannel business with its Square ecosystem, an integrated suite of hardware, software, and financial services. Similarly, the company helps consumers manage their finances with its Cash App, a digital wallet that brings together the ability to deposit, borrow, spend, and invest money on a single platform.
Block continued to post solid financial results over the past year, in spite of macroeconomic pressures on its business. Gross profit jumped 37% to $5.1 billion, fueled by strong growth in Square and Cash App, and free cash flow more than doubled to reach $563 million.
Goldman Sachs recently highlighted two reasons the company is well-positioned to maintain that momentum. First, Block has a big opportunity to accelerate Cash App growth by transforming the platform into a commerce engine. Second, Block is successfully moving upmarket, as mid-market sellers continue to adopt Square products.
Premium point-of-sale software tailored to restaurants and retail stores is a key driver of that trend, and the upmarket momentum bodes particularly well for Block, as larger sellers tend to use more software products and have less churn.
Block stock forecast & price prediction
Collectively, Block puts its addressable market at $190 billion in gross profit in 2022, and shares currently trade at 1.8 times sales, just off the five-year low of 1.7 times sales. That creates a buying opportunity for patient investors according to analysts. But triple-digit returns in the next year are unlikely in the current economy.
The 39 analysts offering 12-month price forecasts for Block Inc have a median target of 85.00, with a high estimate of 150.00 and a low estimate of 51.00. The median estimate represents a +35.01% increase from the last prices of 2022.
Devon – One of the best dividend stocks to buy in 2023
No stock on this list has grown as much in 2022 as Devon Energy (DVN). Fuelled by higher oil and natural gas prices, Devon stock is up more than 60% in 2022. And even if the globe sinks into a recession, Devon stock should be fine because analysts project crude oil prices to remain high for the next several years.
On Nov. 1, Devon announced a dividend of $1.35 per share; a 61% increase from a year ago. That puts Devon’s dividend yield at a whopping 7.3% and makes it one of the best dividend stocks to buy..
The Oklahoma company should theoretically benefit from the Biden administration’s deal with the European Union. Washington wants to reduce the EU’s reliance on Russian natural gas by providing at least 15 billion cubic meters of liquified natural gas in 2022.
If Russia remains at odds with the west, companies like Devon stand to capitalize in European markets.
DNV stock has an “A” rating in the Portfolio Grader and the Dividend Grader.
Devon stock forecast & price prediction
The 26 analysts offering 12-month price forecasts for Devon Energy Corp have a median target of 80.00, with a high estimate of 100.00 and a low estimate of 63.00. The median estimate represents a +30% increase from the last prices of 2022.
Endesa (ELE) - One of the best stocks to buy in Spain
One of the best stocks to invest in 2023 in Spain as per analysts' coverage could be Endesa (ELE), one of the leading companies in the Spanish electricity sector. Endesa S.A. is one of the 35 securities that make up the IBEX 35 and one of the stocks with the best dividend yield in the Spanish stock market (8.12%).
In Endesa's 2022-2025 strategic plan, the Spanish company led by José Bogas improved its EBITDA, net ordinary income, and dividend per share targets. Endesa plans to increase investment by 15% to 8,600 million by 2025, and 90% of the planned investment is directly related to the UN Sustainable Development Goals.
According to analysts, EBITDA at the end of 2022 is expected between 5,000 and 5,300 million, up from the 4,100 million initially forecast. In 2025, it would be between 5.2 and 5.5 billion. Net ordinary income in 2022 would be between 2.2 and 2.3 billion, up from 1.8 billion in the previous estimate. In 2025, it would be between 2.0 and 2.1 billion. The dividend per share on the 2022 results would increase from 1.2 to 1.5 euros per share, to be paid in 2023 in a single payment. The estimate for 2025 is that the dividend will be 1.4 euros.
Earnings grew by 21.2% over the past year. In the last 52 weeks, Endesa's stocks have moved in a range between 14.07 and 21.06 euros. It is currently trading at 20.9% below its fair value of 22.37 euros, according to experts.
Endesa stock forecast & price prediction
4 Wall Street analysts have issued 12-month price objectives for Endesa's stock. Their ELEZY share price forecasts range from $22.50 to $23.00. On average, they anticipate the company's stock price to reach $22.70 in the next twelve months. This suggests a possible upside of 35% from the stock's current price (end of 2022).
Linde (LIN) – The best EU stock to buy now by fundamentals
Linde plc (LIN) is a Dublin, Ireland-based engineering and industrial gas company. It is the biggest industrial gas company in the world in terms of revenue and market share.
The replacement of demand for Russian gas with green hydrogen positions Linde well. Green hydrogen, made by using renewable energy to split water into its basic elements, hydrogen and oxygen, and subsequently cleanly burn the hydrogen as fuel, is seen as key to lowering emissions in hard-to-decarbonize industries such as steel and cement, as well as transport.
In 2021 Linde announced a long-term agreement to provide European semiconductor maker Infineon with onsite production and storage of green hydrogen for the company’s site in Villach, Austria. Securing a clean, domestic source of energy for semiconductor manufacturing appears strategic today amid heightened concerns of supply from Taiwan.
Analysts think Linde is supported by a high-quality order backlog and a strong internal rate of return. Linde offers an annual payout of $4.68 as of Q4 2022, translating into a forward dividend yield of 1.65%.
Linde stock forecast & price prediction
UBS gave Linde plc stock a Buy rating in September 2022. The analysts are confident that the company will face macroeconomic headwinds strongly and deliver EBIT growth to its investors in 2023. Some experts consider the nature of Linde plc’s business as defensive. Linde is expected to weather the economic uncertainty due to its long-term contracts and strong margins. Furthermore, the EU has also shown support for entities manufacturing hydrogen and other important gases.
The 28 analysts offering 12-month price forecasts for Linde PLC have a median target of 350.00, with a high estimate of 380.00 and a low estimate of 260.00.
Microsoft (MSFT) – One of the best stocks to buy on sale
Microsoft (MSFT) needs no introduction to anyone familiar with the stock market—or a personal computer. Some of the other stocks on our list are lesser known, but Microsoft may appeal to investors looking for a blue-chip stock on sale.
Despite its mega-cap size and tech industry dominance, the $1.77 trillion company has hardly slowed down. MSFT’s annual EPS increased by an average of 24% over the last three years, driven by an average revenue increase of 32.4% per year.
Shares of MSFT have performed well over the last five years, increasing 220%. MSFT’s current pullback of 25% from the 2021 high looks like a potential intermediate trend countertrend. As. Aside from the drop that occurred during the initial stages of the Covid-19 pandemic in early 2020, this is about MSFT’s biggest decline since the Financial Crisis of 2008/09.
Analysts expect annual EPS growth of 13% over the next five years.
A forward P/E of 22.8 may seem too high for a “cheap” stock, but this is the lowest P/E readings since 2016.
Microsoft has been steadily increasing its dividend each year for more than a decade. The current dividend yield is 1.2%.
Microsoft stock forecast & price prediction
The 42 analysts offering 12-month price forecasts for Microsoft Corp have a median target of 290.00, with a high estimate of 400.00 and a low estimate of 234.00. The median estimate represents around a 20% increase from the last prices of 2022.
Nokia Oyj (NOK) – One of the best stocks to buy from Finland
Nokia Oyj (NOK) is a Finland-based company providing mobile, fixed, and cloud network solutions worldwide, operating through four segments – Mobile Networks, Network Infrastructure, Cloud and Network Services, and Nokia Technologies. Nokia Oyj is one of the best cheap stocks to buy in 2023 according to market analysts.
On October 2022, Nokia Oyj posted a Q3 non-GAAP EPS of €0.10 and revenue of €6.2 billion, topping market estimates by €0.01 and €130 million, respectively. The company also raised its FY22 sales outlook.
Societe Generale analysts maintained a Buy rating on Nokia Oyj but lowered the firm’s price target on the stock to EUR 5.40 from EUR 5.80.
Nokia Oyj stock forecast & price prediction
The 26 analysts offering 12-month price forecasts for Nokia Oyj have a median target of 6.01, with a high estimate of 8.00 and a low estimate of 4.53. The median estimate represents around 30% increase from the last prices of 2022.
Norwegian Cruise Line (NCLH) - One of the best stocks to buy according to JP Morgan
Norwegian Cruise Line, one of the biggest cruise companies in the world, is one of the first JPM-endorsed stocks to buy in 2023. Norwegian owns and operates three separate cruise lines, Norwegian Cruise Lines, Oceania Cruises, and Regent Seven Seas Cruises, with a total ship count of 28, riding the waves to 490+ destinations worldwide.
The last few years have been one long headache for the cruise-line industry. Unable to operate during the pandemic, the reopening came as welcome relief. The return to normalcy, however, has been interrupted by worries about the struggling global economy amidst soaring inflation and rising input costs. However, there appears to be plenty of pent-up demand too and with Norwegian focused on the premium market, its target audience might be less likely to feel the pinch of a recession.
In the company’s latest quarterly report for 2022, revenue saw a huge 958% year-over-year increase to reach $1.62 billion, while the company delivered adj. EPS of -$0.64. Both results beat Street's expectations. Occupancy rates are also getting better and reached around 82% of pre-pandemic levels. These are expected to keep on improving in 2023.
J.P. Morgan analyst writes that NCLH is one of the best stocks to buy now for 3 reasons:
disciplined market-to-fill (as opposed to discount-to-fill) pricing strategy;
outsized growth potential versus peers, as NCLH has a smaller, nimbler, and younger fleet with premium pricing;
attractive relative valuation — particularly using estimates two or more years out.
In terms of size, NCLH commands only ~9% of the global cruise market. Accordingly, while it lacks the same scale benefits enjoyed by larger peers (CCL at ~38% capacity share and RCL at ~18%), NCLH has a greater opportunity for growth, which is considered by analysts a positive against the backdrop of strong pent-up leisure travel demand and the attractive value proposition that cruise lines offer versus land-based vacation alternatives.
NCLH stock forecast & price prediction
The 14 analysts offering 12-month price forecasts for Norwegian Cruise Line Holdings Ltd have a median target of 20.00, with a high estimate of 30.00 and a low estimate of 13.00. The median estimate represents a +30.00% increase from the last prices of 2022.
Novo Nordisk (NVO) – One of the best stocks to buy from Denmark
The company is responsible for producing 50% of the insulin in the world, fulfilling the need of more than 34 million people worldwide. Novo Nordisk A/S (NVO) has already produced more than 600 million insulin pens as of 2022.
Novo Nordisk A/S is considered by analysts amongst the best European stocks to invest in for 2023 as the company is not only focused on treating diabetes through its insulin offerings but is also diversifying in the growing obesity care segment. It is an emerging and growing trend that is receiving a lot of hype in the pharma world. Novo Nordisk has been able to increase its earnings by 16.7% every year since going public and has outperformed its competitors in terms of profit margins in 2022.
Baron Funds believes that Novo Nordisk’s diabetes and anti-obesity franchise will drive attractive revenue and earnings growth for many years to come. They think both Novo Nordisk and competitor Eli Lilly can be successful in these large markets.
NVO stock forecast & price prediction
In a research note issued to investors in Q3 2022, Oddo BHF upgraded Novo Nordisk A/S stock from a Neutral to an Outperform rating and maintained a target price of $119.53.
PayPal – One of the most undervalued tech stocks to buy in 2023
Shares in PayPal were down 60% in 2022 to $72.23 as the flight from tech stocks continues. Earlier this year, activist investor Elliott Management took a $2 billion stake in the company, which specializes in online payment technology, and persuaded it to return up to $15 billion to investors. Recent third-quarter results were solid, with net revenues up 11% to $6.9 billion, while free cash flow rose by 37% to $1.8 billion.
Meanwhile, the total payment volume increased by 9% to $337 billion. PayPal also raised its earnings guidance for the full year. While the shares were hit by negative sentiment around weaker revenue guidance, it has raised its profits guidance to GAAP EPS of around $2.11 to $2.13. An investor day, which is due to be held early in 2023, could provide news flow for the shares.
While the cost-of-living crisis may hit earnings in the short term, PayPal dominates the online payment market, and this looks like a decent entry point for investors. According to experts, PayPal might be one of the best-undervalued tech stocks to buy in 2023, once the market sentiment will change.
PayPal stock forecast & price prediction
Goldman Sachs lowered their price target on the shares following the third-quarter results from $127 to $110. However, this still implies a potential upside of over 40%.
The 41 analysts offering 12-month price forecasts for PayPal Holdings Inc have a median target of 100.00, with a high estimate of 160.00 and a low estimate of 75.00. The median estimate represents a 30% increase from the last prices of 2022.
Rivian (RIVN) – The best stock to Buy in 2023 according to George Soros
Rivian Automotive, Inc. (RIVN) is on track to become a major player in the electric vehicle (EV) market. The company has the potential to disrupt the EV market with its innovative technology and first-mover advantage. George Soros is betting big on this EV maker. As of Q4 2022, Soros Fund Management has a position worth $538.4 million in the company. The investment covers 9.19% of George Soros’ 13F portfolio.
Shares of Rivian were up 28% in the third quarter driven by second-quarter production that beat expectations, a new partnership with Mercedes Benz, and the positive potential impact of the recently announced Inflation Reduction Act on accelerating broader EV adoption.
While Rivian continues to be impacted by supply-chain issues that are causing delays in its production ramp, it is addressing the challenges by diversifying its supply chain to alleviate shortages while also consolidating the number of variants in development to reduce cash burn (the company guided that current cash will be enough to support the company’s future platform launch R2 in 2025).
The company also recently reported stronger-than-expected production results while reiterating its annual guidance of producing 25,000 units. As semiconductor shortages ease, experts believe the company will be able to rapidly ramp up its production.
Rivian stock forecast & price prediction
Wall Street is bullish on Rivian. Deutsche Bank revised his price target on Rivian stock to $43 from $44 and maintained a Buy rating on the shares.
The 16 analysts offering 12-month price forecasts for Rivian Automotive Inc have a median target of 46.50, with a high estimate of 70.00 and a low estimate of 23.00. The median estimate represents a +70.33% increase from the last prices of 2022.
Samsung Electronics (SSNLF) – One of the best stocks to buy from Korea
Moving over to Korea, according to analysts one of the best stocks to invest in for 2023 is Samsung Electronics. This is the electronics arm of the larger Samsung Chaebol, but alone is the single largest holding in the iShares MSCI South Korea ETF (EWY) at 22%.
While 16x forward earnings make this more expensive than the average Korean stock, the well above-average global presence of the Samsung name and its technologies make it a clear top blue-chip pick from this peninsula.
The bears on the stock may cite likely slowing global growth outlook to weigh on them through most of 2023. The company however recently said it sees light at the end of the tunnel, and that chip demand may recover in late 2023.
That might seem a long way off to some, but Samsung is such a quality company over the long term that would make investors and funds not get overly fixated on short-term timing about when the shares may bottom out. Samsung’s PE ratio and forecast PE ratio for 2023 is quite similar to that of the overall Korean stock market and the Korea Fund's top-down statistics.
Samsung stock forecast & price prediction
The 39 analysts offering 12-month price forecasts for Samsung Electronics have a median target of 75.600 KRW, with a high estimate of 90.000 KRWKRW. The median estimate represents a +25% increase from the last prices of 2022.
SAP SE (SAP) - One of the best stocks to buy from Germany
SAP SE (SAP) is Europe’s largest software company and the global leader in enterprise resource planning (ERP) software. ERP is a software category that is particularly critical to business functions, and, therefore, has high retention rates even in times of economic stress. For the past several years, SAP has been going through several transitions, including moving to cloud-based SaaS (Software as a service) solutions and an initiative to better integrate its various software solutions.
In recent quarters, analysts saw increasing evidence that both transitions are being successfully executed, and the result should be a faster-growing, more consistent, higher margin, and more advantaged business. As investment costs from these transition programs wane, and as the benefits of higher growth continue, analysts expect that earnings will grow at a double-digit rate from next year (2023) onwards.
Considering this, SAP is seen as one of the best stocks to buy for long-term investors.
SAP SE stock forecast & price prediction
The 10 analysts offering 12-month price forecasts for SAP SE have a median target of 108.50, with a high estimate of 170.00 and a low estimate of 93.00. The median estimate represents up to 10% increase from the last prices of 2022.
Shell – One of the best European stocks to buy in 2023
Shell plc (SHEL) is a London, UK-based diversified energy company that has a presence in over 70 countries and a headcount of over 80,000 employees.
Like other all-energy majors, Shell plc is aggressively working towards becoming a net-zero greenhouse emissions company by 2050. Experts think that Shell plc has a solid balance sheet with a manageable amount of debt. The company is heavily focused on green energy as it operates 90,000 charging points on its retail sites for electric vehicles. Shell intends to establish 500,000 charging points by 2025. The company is also working on building the biggest hydrogen plant in Europe that will be able to produce 60 tons of renewable hydrogen per day.
Shell offers an annual forward dividend yield of 3.82%, translating into a payout ratio of 20.7% as of Q4 2022. The stock gained over 30% in 2022, in comparison to the S&P 500’s loss of almost 20% during the same period.
Fundamental and geopolitical events have highlighted the strategic importance of reliable energy supplies, especially in Europe. Shell’s LNG business, the largest in the world outside of Qatar, will play a critical role in ensuring energy security for Europe. In analysts’ view, the value of this business has increased dramatically and makes Shell one of the best stocks to invest in for 2023.
Shell PLC stock forecast & price prediction
The 20 analysts offering 12-month price targets for Shell PLC have a median target of 2,922.41, with a high estimate of 5,384.68 and a low estimate of 2,348.86. The median estimate represents a +25% increase from the last price of 2022.
Sibanye Stillwater Ltd – One of the best stocks to buy from South Africa
Sibanye Stillwater Limited (SBSW) is a Roodepoort, South Africa-based mining company. The company is considered the biggest producer of platinum, the second biggest producer of palladium, and the third biggest producer of gold globally.
On top of its additional gold mining operations in South Africa, the business has significant upside optionality in its growing lithium and nickel operations which are not yet contributing to earnings and remain unrecognized by the market in SSW’s price.
Experts believe that the South African operations of the company are a bright spot in its global portfolio Sibanye is one of the best African stocks to buy in 2022.
Furthermore, the company has a solid balance sheet and is focused on growing its presence in the raw materials segment for batteries through acquisitions.
Sibanye Stillwater Limited is considering the precious metals required for batteries as the next growth frontier. Furthermore, it is also believed that the share price of metal mining companies has already priced in the impact of a mild recession along with many other recent developments.
Sibanye Stillwater stock forecast & price prediction
The 13 analysts offering 12-month price forecasts for Sibanye Stillwater Ltd have a median target of 12.24, with a high estimate of 18.69 and a low estimate of 9.88. The median estimate represents a +11.08% increase from the last price of 11.02.
Sony – One of the best stocks to buy from Japan
Sony Group Corporation develops, produces, and sells electronic equipment, instruments, and devices. It is one of the best Japanese stocks to invest in for 2023 according to market analysts.
After a strong year in 2021, a shortfall in PlayStation 5 sales due to continued semiconductor shortages has dampened new console unit sales. Although there are likely to be continued limitations on the supply of components in the short term, consumer demand remains strong, and upcoming releases of major titles such as Horizon Forbidden West and Gran Turismo 7 are likely to further enhance demand.
While Sony continues to manage supply-chain headwinds, the company has also again demonstrated its ability to build on the fundamental strength of its business across various segments.
During 2022, Sony acquired Bungie, a U.S.-based videogame developer known for the Destiny franchise and live game services; completed its initial equity investment in Japan Advanced Semiconductor Manufacturing, a foundry service subsidiary of Taiwan Semiconductor Manufacturing Company (TSMC); and acquired Brazilian music label Som Livre. Lastly, Sony announced a partnership with Honda Motor where the two companies expect to combine Honda’s expertise in manufacturing vehicles with Sony’s proficiency in imaging, sensing, telecommunication and network technologies to develop and commercialize electric vehicles.
Sony stock forecast & price prediction
Analysts think these strategic actions demonstrate Sony’s ability to continue to improve on its market positions across its business segments with a long-term, forward-looking approach.
The 20 analysts offering 12-month price forecasts for Sony Group Corp have a median target of 103.27, with a high estimate of 146.75 and a low estimate of 82.91. The median estimate represents around a 30% increase from the last prices of 2022.
STMicroelectronics N.V. (STM) - One of the best stocks to buy from Italy
STMicroelectronics N.V. (STM) designs, develops, manufactures, and sells semiconductor products in Europe, the Middle East, Africa, the Americas, and the Asia Pacific. It is one of the elite Italian stocks to invest in.
On October 5, the firm revealed that it was planning to build an integrated Silicon Carbide substrate manufacturing facility in Italy to support the rising demand from customers for Silicon Carbide devices across industrial and automotive applications. The construction of the facility is expected to incur a capital expenditure of EUR 730 million.
STMicroelectronics N.V. (STM) has a goal of becoming carbon-neutral by 2027. In 2020, STMicroelectronics was the only semiconductor company with targets approved by the Science Based Targets Initiative for limiting warming to 1.5 degrees Celsius, and their 2027 net-zero goal is recognized as one of the most ambitious in the industry.
STMicroelectronics stock forecast & price prediction
The 18 analysts offering 12-month price forecasts for STMicroelectronics NV have a median target of 48.00, with a high estimate of 70.64 and a low estimate of 23.99. The median estimate represents a +30% increase from the last prices of 2022. (Source: TipRanks)
Taiwan Semiconductor Manufacturing – One of the best stocks to Buy now according to Warren Buffet
With shares down nearly 34% in 2022, Taiwan Semiconductor Manufacturing, popularly known as TSMC, looks ripe for the picking right now as it is trading at just 15 times trailing earnings, which is a discount to the S&P 500's earnings multiple of 19.
Buying the stock at this valuation looks like an opportunity. That's because the foundry giant seems all set to deliver another year of impressive growth in 2023 following a solid showing in 2022. TSMC is forecast to finish 2022 with a 33% increase in revenue to $75 billion. As TSMC manufactures chips for companies operating in multiple markets such as smartphones, data centers, automotive, and the Internet of Things (IoT), among others, it is nicely positioned to make the most of the growth in chip spending.
The demand for automotive chips, for instance, should remain healthy in 2023 as automakers are busy catching up with huge order backlogs caused by the global semiconductor shortage. IDC estimates that the auto industry could generate nearly $40 billion in chip revenue this year, and the figure is expected to increase at an annual rate of 10% through 2025.
Similarly, the demand for high-performance computing (HPC) data centers is anticipated to rise at an annual pace of nearly 17% through 2026, according to Mordor Intelligence, thereby creating the need for more chips. In all, the global semiconductor market is expected to generate $700 billion in revenue next year, up from $676 billion in 2022.
With TSMC controlling 56% of the semiconductor foundry market, it is well-placed to make the most of the incremental revenue opportunity on offer. Even better, with TSMC's earnings expected to grow at an annual pace of over 21% for the next five years, this semiconductor stock could deliver solid long-term upside beyond 2023. That's why TSMC is one of the best stocks to buy today.
Taiwan Semiconductor Manufacturing stock forecast & price prediction
The 7 analysts offering 12-month price forecasts for Taiwan Semiconductor Manufacturing Co Ltd have a median target of 98.00, with a high estimate of 113.00 and a low estimate of 60.00. The median estimate represents up to 25% increase from the last prices of 2022.
Total Energies SE (TTE) - One of the best stocks to buy from France
Total Energies SE (TTE) is a Courbevoie, France-based integrated energy company that is engaged in the production of conventional and renewable energy sources. The company is present in over 130 countries and employs over 100,000 individuals. Total Energies SE aims to become a sustainable energy giant.
Total Energies SE shared that the company’s underlying cash flow is projected to increase by $4 billion in the following five years. The company completed its $7 billion share buyback program along with the distribution of a special interim dividend of $1 per share at the end of 2022. Along with capital appreciation potential, Total Energies SE stock also offers an annual forward dividend yield of 6.13%.
JP Morgan anticipates an energy shortfall of 20% during this decade due to an investment shortfall of $1.3 trillion. A second-degree impact on supply is expected as economic uncertainty increases.
Total Energies SE stock forecast & price prediction
The 24 analysts offering 12-month price forecasts for TotalEnergies SE have a median target of 68.84, with a high estimate of 91.54 and a low estimate of 52.87. The median estimate represents a +15.00% increase from the last prices of 2022.
Unlivelier – One of the best stocks to buy from the UK
There are a lot of moving parts at this international consumer staples giant right now as this sector is considered one of the best defensive investments for 2023. Thus, it is not surprising that these issues are attracting most of Wall Street's attention. However, there's something about Unilever that hasn't really changed much amid all this upheaval: Almost 60% of its customers come from emerging markets.
UL has very profitable subsidiaries in Indonesia, Bangladesh, India, Pakistan, Nigeria, Cote d'Ivoire, and Ghana just to name a few.
Even during difficult times, emerging markets are performing exceptionally well for Unilever. All told, the company estimates that emerging markets posted organic growth of 13.3% in 2022.
When you look at Unilever and its generous 3.6% dividend yield, don't get too caught up in the short-term issues it faces. The company is working to improve its operations and given its iconic brands, it should be able to get its house in order. The long-term future here is about emerging-market growth built on top of a solid developed-market foundation. Emerging markets are, and have long been, the big reason to consider Unilever one of the best stocks to buy in 2023.
Unilever stock forecast & price prediction
The 21 analysts offering 12-month price forecasts for Unilever PLC have a median target of 50.96, with a high estimate of 61.16 and a low estimate of 36.00. The median estimate represents a +0.54% increase from the last price of 50.69.
Volvo AB – One of the best stocks to buy from Sweeden
The company has gained recognition for its exceptional automobiles, and its focus on the EV sector goes beyond passenger vehicles. It also produces buses, construction equipment, and trucks which will help build a solid position in the near term.
Shifting to electric vehicles and hybrids as the only options could help Volvo appeal to a broader audience. It may also position the company as a solid competitor against Tesla and other EV manufacturers.
The company is still on pace to meet its mid-decade goals of 1.2 million units sold, with 50% being fully electric vehicles, a 40% reduction in carbon dioxide emissions, and 50% of its units sold online.
However, Volvo faces headwinds in reaching these goals. The biggest hurdle is the short supply of the components needed to build vehicles. If Volvo can sort through this issue, they have a solid chance of reaching their goals and seeing their stock price increase.
Another interesting aspect of Volvo is its new business area — Volvo Energy. It will help the company solidify its position in the market for the batteries used in EVs. Volvo is one of the electric vehicle stocks you should not ignore.
Volvo AB stock forecast & price prediction
The 24 analysts offering 12-month price forecasts for SAP SE have a median target of 213 SEK, with a high estimate of 268.00 and a low estimate of 162.00. The median estimate represents up to 10% increase from the last prices of 2022.
Are these the best stocks to invest in right now?
Not necessarily. These are some of the best stocks to watch in 2023 based on analyst coverage, and defensive and recovery opportunities. But that doesn't mean that they're the best stocks to invest in. Predicting the future of even the current top-performing stocks is a job even the pros haven’t yet mastered. And the best stocks to buy for your portfolio aren’t necessarily the best stocks for someone else’s portfolio.
For example, a young person who is looking to grow their retirement savings aggressively might gravitate toward growth stocks for their high-risk, high-reward volatility. On the other hand, a retiree who is looking for passive income might prefer predictable dividend stocks like the dividend aristocrats, which are relatively stable and have a history of consistently growing their dividend payments over time.
How to find the best stocks to buy now?
Choosing good stocks for your portfolio is a relatively time-consuming task, and you need to look beyond performance metrics like the ones on this page. Yes, it's a solidly good sign if a stock is able to outperform during periods of market volatility and the broad market declines like we've seen in 2022. But as referenced above, there are a number of other factors to consider.
Beyond your own personal risk tolerance and how long you plan to invest, strategic investors do significant research into a company before buying its stock. They perform fundamental analysis, which involves looking at the company's financial statements and considering how economic factors might influence the stock's future performance.
Many investors also do technical analysis of a stock, which means analyzing historical movements in the stock's price to attempt to predict future movements. If you want to go this route, we have detailed overviews of how to buy stocks and how to trade stocks, including key terms to know.
An alternative to chasing the best stocks to buy now
If all the above sounds like a lot of work, it is. The fact that picking stocks is so difficult leads many investors to turn to exchange-traded funds (ETFs), which bundle many stocks together.
When individual stocks come together into a diversified portfolio via index funds, they have a lot of power: The USA500 index — which includes approximately 500 of the largest publicly traded companies in the U.S. — has posted an average annual return of nearly 10% since 1928.
An S&P 500 index fund or ETF will aim to mirror the performance of the S&P 500 by investing in the companies that make up that index. Likewise, investors can track the DJIA with an index fund tied to that benchmark. If you want to cast a wider net, you could purchase a total stock market fund, which will hold thousands of stocks.
Within index funds, the winners balance out the losers — and you don’t have to forecast which is which. That’s why many financial advisors think low-cost exchange-traded funds should form the basis of a long-term portfolio.
>> Best ETFs to invest in for 2023
Trade and invest in stocks with CAPEX.com
Investing and trading are both ways to get exposure to the best stocks of 2023. Even though both offer the potential to benefit from the financial markets, they differ fundamentally.
Investing means that you will own the physical shares of stocks and funds until you decide to sell them. When investing, you need to commit to the full value of the investment upfront. If your shares are worth more when you sell them than when you bought them, you’ll make a profit. But, if the price has declined, you’ll incur a loss. While the potential for profit is technically unlimited, your losses are capped at your full initial outlay.
You might want to invest in the best stocks of 2023 if:
- You’re interested in buying and selling assets (stocks and ETFs)
- You’re focused on longer-term growth
- You want to build a diversified portfolio
- You want to take ownership of the underlying asset
- You want to gain voting rights and dividends (if paid)
Trading, on the other hand, enables you to predict share price movements without owning the underlying asset – and you can go long or short. This means that you can speculate on rising as well as falling prices. You also don’t need all the capital upfront, as you’ll trade using leverage. All you need to open a position is a small deposit called a margin. Keep in mind that leverage magnifies both potential profits and possible losses. This makes it vital that you manage your risk properly.
Do you want to practice trading? Open a CAPEX.com demo account to trade in a risk-free environment.
You might want to trade the best stocks of 2023 if:
- You are interested in speculating on the underlying price of the assets (stocks, ETFs, commodities, bonds, currencies, cryptocurrencies)
- You want to trade rising and falling markets – going long and short
- You want to leverage your exposure
- You want to take shorter-term positions
- You want to hedge your portfolio
- You want to trade without owning the underlying asset
Before you start investing in the best stocks for your portfolio, you should consider using the educational resources we offer like CAPEX Academy or a demo trading account. CAPEX Academy has lots of courses for you to choose from, and they all tackle a different financial concept or process – like the basics of analyses – to help you to become a better trader or make more-informed investment decisions.
Our demo account is a suitable place for you to learn more about leveraged trading, and you’ll be able to get an intimate understanding of how CFDs work – as well as what it’s like to trade with leverage – before risking real capital. For this reason, a demo account with us is a great tool for investors who are looking to make a transition to leveraged trading.
Stock Trading with CAPEX
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