As they say, the best time to buy stocks is when the market is down. In 2022, we witnessed numerous such falls in the market, which gave many opportunities for investors to buy their favorite stocks and companies.
As 2022 ends and we prepare ourselves to step into 2023, you might be looking for some high-potential stocks (or stock tokens) that are expected to do well in the coming year. If so, we have prepared this list of the 7 best stocks you can buy for great profits in 2023.
1. Apple Inc.
Apple continues to remain the largest listed company in the world. Even though the shares of the company saw a decline (of about 28%) in 2022, due to strong fundamentals, we believe strongly in the power of this stock to generate profits for customers in 2023 and beyond.
2. Amazon
Amazon is the world’s leading e-commerce platform, and it has been growing at a fast pace over the past few years, which makes it a really nice contender to be in your portfolio for 2023. The best news is that the stock is currently trading at a lower than the standard price, so you can get a steal deal if you buy now.
3. Google
Google is Google. Everyone is familiar with Google and we all use it. Having a share of your portfolio invested in the search engine giant is the best thing because it will give you the chance to profit from the growth of the internet. Now is the best time to buy Google because of the current stock price, which is lower than the standard.
4. Netflix
If you want to diversify your investments beyond the IT sector, Netflix is a great-value stock to have in your portfolio. The world’s top over-the-top (OTT) platform enjoys a global user base of over 200 million. It has also been one of the fastest-growing stocks in the past couple of years on NASDAQ.
5. Tesla
The brainchild of the billionaire, philanthropist, and the world’s richest man as of November 2022 – Elon Musk – has produced some outstanding returns for its investors in the past couple of years. The Tesla stock has recorded a whopping +425% growth in the past 5 years, which is the highest in any stock market.
6. Walmart
Walmart is an American retail corporation and the world’s top company in terms of revenue as of 2022. This is a great option to diversify your portfolio. The stock has seen great returns in the past 3-5 years and is poised to grow much more in the coming years.
7. Reliance
The India-based energy & petrochemical giant, Reliance, has been making news lately. It is also the only stock in our list that has seen positive returns in 2022. This is because the company is outside the purview of the US markets and comes from a growing Indian economy. A great way to give your folio exposure to the growing economies.
In addition, you can also buy stock tokens for top indices such as NASDAQ and S&P 500 on the Reflection Trading platform, which is one of the fastest-growing stock token platforms on the web.