Best Stocks To Invest In May 2023 – Which Is The Top Stock To Buy Right Now

In this guide, we will introduce you to the best stocks to invest in May 2023. They have been carefully handpicked by our analysts, who are confident these are the next stocks to explode.

The majority have a wildly promising future and are currently selling for cheap as a result of the extended hawkish sentiments that dominated the stock markets. We list them here because we expect them to have a swift rebound.

Read on to learn everything you need about to know about the most popular stocks to buy right now. 

 

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Below, we discuss the above-listed stocks in detail - telling you why they stand out and the factors that will help trigger their exploding price action.

In sections further below, we will tell you how to find the next best stocks to invest in, what to look for when searching for the best stocks to buy, and how to buy stocks today and where to buy the most popular shares right now.

A Closer Look at the Best Stocks to Invest in Right Now

When vetting these markets in search of stocks worth buying right now, our analysts were guided by a number of factors. They looked at the company's financial strength, checked the stock’s past price action, and assessed the most probable future direction of both the company and the industry in which it operates. They also confirmed the impact national and global economic/political dynamics are expected to have on the stock price.

Let us discuss these share investments and tell you why they are worth adding to your portfolio.

Tesla (TSLA) – Overall Best Stocks to Buy Right Now

The best stock to invest in today is Tesla. The popular company is one of the most popular electric vehicle manufacturing companies. First because of the revolutionary impact it has had on the automotive industry and secondly – because of its close association with entrepreneur and innovator Elon Musk. It was also the first company to reach a market capitalization of $1 Trillion – even though it has only been around for less than two decades.

We consider Tesla a top stock to buy right now because it is ready for a huge rebound – after shedding close to 70% of its value throughout 2022.

Our convictions of Tesla stock’s rebound is based on the fact that the company had its best year in 2022. Its total car sales reached 1 Million, shipped a record number of cars in the year, revenues increased by more than 50%, and net income rallied by close to 130%.

Tesla also makes it here because both the vehicle manufacturer’s valuation and stock price are still reasonable. Its aggressive expansion, record sales fueled by reduced prices, that Tesla is profitable, and seeks to launch an affordable car are all expected to trigger a price run for TSLA stock to all-new highs. These make Tesla the best next stock to explode.

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Netflix (NFLX) – Best Stock with a Promising Future

Netflix should also feature in your watchlist of the most popular stocks to buy because of its stellar [past price action and hugely promising future. Over the last two decades, for instance, Netflix has been among the best-performing stocks – even warranting inclusion in FAANG. By the time it peaked in October 2021, shares for the digital streaming company stock were selling more than 57500% above its IPO price.

At the time, NFLX stock looked set to continue feeding this price uptrend and rally to new heights. But the pandemic boom busted soon after, and Netflix stock price started tanking. The fall was exacerbated by the decline in subscriber count for the first time in a decade and the fears of a recession that fueled an extended bear market.

By the end of the year, Netflix stock had shed close to 60% of its peak price.

Today, Netflix is back to recording positive user growth. There has also been an impactful change in the company’s business strategy as it lowered subscription fees in multiple countries and introduced an ad-supported subscription plan – effectively adding a new source of revenue for the company.

The Netflix stock is also back to beating analysts’ expectations in terms of revenues and net income, tech industry stocks are primed for recovery, they still sell for cheap and retain a significant competitive advantage in the digital streaming world. All these have analysts convinced that Netflix is primed for a massive rebound and could be the top stock to buy .

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Warner Music Group (WMG) – New Stock to Buy this Year

Warner Music Group is the third-largest music production company in the world. Despite having been launched in the fifties, it makes our list of the best stocks to invest in May as a relatively new stock because it only went public in 2020 after its privatization in 2011. Before this, it traded on the NYSE and had been one of the most lucrative entertainment stocks.

For starters, we believe it to be the best stock to buy right now as we expect it to mirror its highly profitable price action moving forward. Less than 18 months after its launch, for instance, WMG stock rallied by close to 170% and further uptrend was only cut short by a crashing stock market and possible recovery prevented by recession fears and underperforming stocks throughout 2022.

Several factors make WMG one of the best stocks to buy right now. First is the fact that it is a profitable company with solid financials – enough to help it survive a possible global recession. Secondly, it is reasonably priced and primed to resume its late 2021 price rally as soon as the market and tech industry stocks start recovering. Thirdly, it is under new management and has received a buy consensus rating from top analysts.

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Block Inc (SQ) – Top Pick for the Most Promising Crypto-Related Stock

Block – formerly Square – is a financial technology company founded by renowned entrepreneur and innovator – Jack Dorsey. It is the parent company for Square, Cash App, Spiral, Tidal, Afterpay, Weebly, And TBD. It also became one of the popular publicly traded companies to convert a significant sum of its balance sheet to crypto when it invested $220 Million in Bitcoin between 2020 and 2021.

This led to unprecedented investor interest in SQ shares, contributing to a 700%+ jump in Block stock shares between March 2020 and Feb 2021. The SQ stock traded around this peak price for the rest of 2021 and only started plummeting in early 2022 – only to crawl into 2023, trading more than 70% below the last quarter 2021 highs.

We attribute this loss to four key factors. These are the stock market crash, the cryptocurrency market crash, an underperforming tech industry, and fears of a global recession that fueled the extended bear markets for both stock and crypto.

We feature Block among the best stocks worth buying today because of its resilience. This means that we expect it to survive the bear markets and post the swiftest rebound as soon as the stock and crypto markets, as well as the tech industry, start showing recovery signs. The fact that SQ is grossly undervalued and has received a strong buy consensus rating should make you want to add it to your watchlist for the next stocks to explode.

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Marvell Technology (MRVL) – Best Cloud Computing Stock to Invest in Right Now

Marvel Technologies is an American technology company specializing in the design and production of semiconductors and related technologies. It has been around for close to three decades, during which time it filed more than 10,000 patents and proved its innovativeness through the design and development of some of the eth most advanced chips.

Marvel Technologies also has a history of growth as it has aggressively onboarded clients from all other the world.

We feature in the list of the most popular stocks to buy today because developments in the tech industry have shifted the debate to semiconductor manufacturing companies. It especially looked primed to take advantage of the demand for chips in the AI, electric vehicles, cloud service, 5G Network, and IoT markets. And they all are expected to fuel Marvel Technology's revenue growth, which translates to rallying stock price. 

We also list it here because MRVL stock is selling at a discounted price. Its price rally, which started in early 2019, was cut short prematurely by the stock market crash and held down by an underperforming tech industry in 2022.

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Chevron Corporation (CVX) – Best Energy Stock to Buy and Hold

The majority of stocks featured in this list only make it here because they performed so poorly in 2020, and a recovering market primes them for a rebound. But not Chevron. The multinational energy corporation had its best year yet in 2022. It posted record sales, which earned it more than $246 Billion in revenue and $35 Billion in net income (a 126% YoY jump). It paid high dividends and added to its cash reserves.

The CVX stock sustained an uptrend in the face of a crushing stock market and even appeared on the list of most actively traded stocks. Not forgetting that together with Exxon Mobil, ConocoPhillips, and Shell – they processed a record $1 Trillion worth of oil sales in 2022 alone.

Chevron’s fortunes can be tied to the ongoing Russia-Ukraine war and a 2 million barrels per day cut on oil production By OPEC+, which sparked a global oil crisis. This sent oil prices through the roof, with gasoline prices in the US hitting north of $4.73 (a record high).

It makes it to our list of the best stocks to buy right now because the energy crisis is yet to end. All the factors contributing to the high energy prices, like the Russia-Ukraine war and production cuts are still ongoing. Additionally, we expect production cuts by Russia in reaction to a price cap on the nation’s oil, the continued Russia-Ukraine conflict, and the petrodollar-PetroYuan power dynamics to exacerbate the oil crisis.

This would only mean more revenues, profits, and reserves for Chevron and even higher dividends for its shareholders. It also means more investor interest in CVX shares that translates to higher prices. 

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Meta Platforms (META) – Top Stock Expected to Explode Soon

2022 was Meta Platforms worst year on record. The company had its market valuation take a $200 Billion hit in a day and dip by more than $600 Billion by the end of the year. And by the time META stock hit its lowest point since 2015, it was selling close to 80% below the peak of $382 set in September 2021 (about 12 months earlier). The once-a-Trillion-Dollar company had even been booted off the list of the 10 most valuable companies in the world. 

To understand why META stock features in our list of the top stocks to buy, we first need to appreciate the factors that led to its depressing performance in 2022.

First on this list is the stock market crash and an extended hawkish environment. Bearish sentiments about the growth of Meta Platform’s core business and over-investment in non-profitable businesses – especially Metaverse and VR – also contributed to this value drop. An underperforming tech industry and security protocols by Apple also played a part in this loss.

Meta Platforms is, however, on a rebuilding mission. The company has embraced rather aggressive cost-management measures that included laying off 10000 employees. Zuckerberg also seems to have lost interest in the cash-draining Metaverse project and refocused on reinvigorating the company’s core business – digital advertising.

These, plus a recovering stock market and the tech industry in particular is expected to trigger a price rebound for META stock. That META is grossly undervalued and prime for recovery also explains why it should be on your watchlist for the best stock to invest in May 2023.

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Brookfield Renewable (BEP) – Best Renewable Energy Stock to Buy and Hold

The Brookfield Renewable Partners stock tops the list of the best clean energy shares to buy right now. The company own and operates renewable energy assets – both generation and storage – which include hydroelectric dams, wind farms, and solar facilities. It was established in 2011 and has since extended its operations into five continents, where they have an installed capacity to generate 16,400 MW. 

The aggressive expansion into new countries and equal growth in power generation capacity make BEP one of the fastest-growing renewable energy companies. This could be attributed to the growing climate concerns globally that have created hype around clean energy and sparked political goodwill in the shift towards green energy.

These could be attributed to the company's overall uptrending stock price action and gross revenues. By the time the BEP stock peaked in early 2021, for example, it was trading more than 1000% above its PO price.

Moving forward, we expect the political goodwill and growing climatic concerns to continue fueling the green energy debate – globally. This is, in turn, expected to spark investor interest towards clean energy stocks like BEP, which drives up their prices. Add these to the fact that the renewable energy company is reasonably valued and its stock fairly priced, and you will understand why BEP may be the best stock to buy right now and hold for the long term.

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Diamondback Energy (FANG) – Best Energy Stock Alternative

Diamondback Energy is a relatively new and independent oil and gas exploration company founded in 2007 and went public in 2012. Since then, its FANG stock has maintained an overall uptrending price action – a testament to its resilience.

Like most energy companies, Diamondback Energy had one of its best years yet in 2022 – thanks to the ongoing global energy crisis. Its revenue rose by more than 42% YoY to break above $9.6 Billion, while net income grew by 101% to hit $4.4 Billion.

We believe it to be a top value stock and one of the most popular stocks to buy in 2023 because we expect it to replicate 2022 success. This observation is informed by the fact that the many factors that caused an energy crisis are still at play, with threats of more – including a cut in production by Russia expected soon.

We also feature FANG among the best stock to buy this year because of the aggressive expansion campaign it is currently engaged in. This is evidenced by the rapid growth in the company’s oil reserves through the acquisition of proved reserves as well as other energy companies. The most recent being the acquisition of QEP resources as well as Guidon resources in 2021.

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TSM – Next Semiconductor Stock to Explode Thanks to Rising Demand in Chips

Taiwan Semiconductor Manufacturing Company Limited is the most valuable chip manufacturing company in the world. It also operates the largest dedicated semiconductor foundry. It also manufactures some of the most advanced chips in the world, placing it years ahead of its closest competitors.

TSM stock is also a financially solid company, and its sales, gross revenues and net profit have been on a sustained uptrend since its establishment. This resilience and competitive advantage are some of the factors that make TSM one of the best stocks to buy in May 2023.

You would also want to appreciate that there has been a monumental shift within the tech space. Some of the developments in this industry include electric vehicles, AI, VR, AR, and drone technologies, and they have necessitated the need for more advanced chips. In reaction to this, TSMC has embarked on an aggressive expansion campaign, which includes setting up two $40 Billion plants in Arizona, US. 

Moving forward, we expect a sharp rise in demand for advanced semiconductors. The expansion into the US is also expected to insulate the company and stock from possible losses occasioned by the looming US-China conflict over Taiwan. These have all created excitement in the stock investing community. And, alongside a recovering stock market and tech industry, are expected to fuel TSM stock’s future uptrend.

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Coinbase (COIN) – Buy the Only Publicly Traded Crypto Company Stock

Coinbase is one of the oldest crypto exchanges in the world – having been established in 2012. It went public in early 2021 in one of the most successful IPOs of recent years. Today, it remains the only publicly traded crypto exchange in the world. The ongoing developments in the stock market and crypto spaces have made it the subject of debate within the investment community – which makes it one of the best stocks to buy.

COIN features in our list of the best stock right now despite the fact that it lept into 2023, selling close to 90% below its IPO price. It makes it here because we expect it to have a swift rebound that possibly catapults it way above its IPO price.

This argument has its basis in the fact that the COIN stock is only down because of the extended bear markets in the stock and crypto spaces, as well as an underperforming tech industry. As soon s the three start recovering, the stock for the multi-national crypto exchange will start rallying. The crypto market is expected to embark on the most bullish rally yet later in the year as investors to cash in on the next Bitcoin halving event.

This would increase transaction volumes and amounts on Coinbase, resulting in more revenues and possible profit. Ethereum’s transition to a PoS network is also expected to revolutionize staking on the platform – and have a near-similar effect to BTC halving.

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Lithium Americas Corp (LAC) – Next Stock to Explode Thanks to Growing EV Sector

Lithium Americas Corporation is one of the most established Lithium mining and production companies in the world. It has active mines in the US and Argentina. It is a clean energy company producing raw materials for energy storage and makes it to our list of the top stocks to buy in because of the raging climate debate and the anticipated global shift towards clean energy. 

It has a massively promising future, which has most analysts convinced that it is grossly undervalued and the LAC stock underpriced. The majority of these base this bold claim on two key factors. First is the fact that Lithium Americas is on the verge of starting production at Thacker Pass – one of the largest Lithium mines globally. 

Secondly, there is a lot of political goodwill around the clean energy movement. The Biden Administration is even expected to make budgetary allocations aimed at funding the domestic production of essential minerals like Lithium. Such a move would be extremely beneficial to Lithium Americas and its LAC stock.

We also list it among the top stock to watch because the fast-rising demand for Lithium has consistently outweighed supply. You may also expect Lithium Americas revenues to rally to new heights if countries like Zimbabwe continue banning Lithium export. Not forgetting the increased attention it continues to draw from green stocks investors.

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Cloudflare Inc. (NET) – Top Pick for Next Cloud Services Stock to Explode

Cloudflare is a multinational technology company started in 2010 and headquartered in San Francisco, California. It offers a suite of internet services, with the most popular being content delivery network (CDN, cloud cybersecurity, and DDOS mitigation. Two key factors help it feature in our list of the best stocks to buy in 2023.

First is the unprecedented growth it has posted in the last decade. We note that though it launched in 2010, more than 20% of the globe uses Cloudflare services to secure its web services. Secondly, its NET stock price has been recording aggressive growth. Slightly over two years after its launch, for example, NET had rallied by more than 1400% to set the current all-time high of around $212.

A number of analysts and pro investors are confident that Cloudflare is only selling for cheap because of the stock market crash in early 2022. And that an extended bear market and underperforming stocks are the only things preventing a rebound.

The stock market and the tech industry have already shown signs of recovery. Cloudflare is also working on enriching the number of products on offer and drawing more users. All these are expected to trigger a price run for NET stock and a possible resumption of the late 2021 highs. It, thus, explains NET’s inclusion in our list of best stock to buy and hold.

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Atlassian Corporation (TEAM) – Next Management Software Stock to Explode

Atlassian is a software development company founded in 2002 in Sydney, Australia but with regional headquarters in San Francisco, US. While it has a rich arcade of software development tools – including an app store for developers – it is best known for its collaborative work and management software.

Its flagship project – JIRA – is, for instance, hugely popular in the corporate world as it makes it possible for teams to collaborate and work together on projects. Its tracking tool also makes it possible for all involved, including management, to monitor project progress.

Among the factors making Atlassian’s TEAM shares the best stocks to buy in May include the fact that it has a strong growth history. At the beginning of 2023, for example, it boasted 200,000+ paying clients and is expected to onboard more as more companies embrace remote work.

It also makes it here because the complexities involved in changing project management and collaborative tools across the whole organization ensure that current clients hardly leave. This supplies the company with a near-guaranteed revenue source.

The raging debate about the future of work – especially remote work – makes Atlassian one of the most popular stocks worth buying today. But its promising future, its fair valuation, and its underpriced stock helps TEAM feature in our list of the next stocks to explode. Our analysts are especially confident that a recovering stock market and tech industry stocks will help trigger the much-needed rebound for TEAM stock.

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Marathon Oil Corporation (MRO) – Oil and Energy Exploration with a Promising Future

Marathon Oil Corporation is an oil and gas company and a direct descendant of John Rockefeller’s Standard Oil. It is a century-old brand and one of the most popular energy companies world, featuring on both the Fortune 500 and Forbes Global 2000. It is a financially sound energy company with a rich history of growth that almost always translated to increased revenues and net income.

We list it among the best energy stocks to buy right now because it has a rich history of growth. Both the company and its stock have also proved their resilience by surviving some of the harshest economic downturns, recording a swift rebound, and rallying to a new high. This has our analysts convinced the company would sustain this growth history – effectively making it one of the best energy stocks to buy and hold.

In addition to all these, MAR stock makes it to our list of the best stock to invest in 2023 because of the developments within the energy industry. Like the two energy stocks we have discussed above, we expect Marathon Oil to post record growth over the next few months due to the unrelenting global oil crisis.

Thanks to the crisis, for example, Marathon Oil’s revenues jumped 36% YoY to tear above $7 .5 Billion while its net income increased by more than 280% to hit $3.6 Billion.

Analysts expect the replication of such growth in 2023 to translate to higher dividends, more reserves, and a financially healthy company – all of which can help trigger a price rally for MRO shares.

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Walt Disney (DIS) – Best Entertainment Industry Stock to Buy

Walt Disney is one of the most established brands in the entertainment industry. It has also been one of the most lucrative stocks, preferred by active traders because of its significant daily trade volumes. We feature it on our list of the best stocks to buy because it has entered recovery mode.

The box office has opened again, and its blockbusters are performing extremely well, and so have the theme parks. It also makes it because it has set sight on expanding its revenue base with the launch of the Disney+ digital streaming service - which is performing extremely well.

Some of the factors expected to continue driving its stellar price action moving forward include a recovering stock market, rebounding tech industry stocks, and the company's solid financial health.

Read: Coinbase Stock Price Prediction

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Amazon (AMZN) – Historically Lucrative and Massively Resilient Stock to Invest in Today

Amazon is the largest ecommerce platform in the US. But more than ecommerce, it is a cloud services provider, digital advertising brand, and a player in the AI scene. Most recently, it entered the digital streaming market with the successful launch of Amazon Prime Video. It makes it to our list of best stocks to buy right now because of its resilience, evidenced by the fact that it has survived multiple economic meltdowns.

Amazon stock also makes it here because it has been one of the most lucrative stocks in the US, having rallied more than 100,000% above its IPO price. 

Amazon should also feature in your list of best stock to buy because it is well on the path to recovery after a devastating 2022. While several internal factors can be attributed to the AMZN stock price crash, the bulk of it is attributable to the extended underperformance of the stock market and tech stocks. You can then expect AMZN stock price to rebound swiftly as soon as the stock market hints at recovery.

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NextEra Energy Inc. (NEE) – Fast Rising Renewable Energy Stock to Invest Now

NextEra is a century-old energy production company and the parent company for Florida Power & Light (FPL) as well as NextEra Energy Resources (NEER). The company and its subsidiaries are the largest producers of renewable energy from wind and solar in the world.

The ranging discussion around the world’s shift to renewable energy has thus shot it to the limelight and inform our decision to feature it among the most popular stocks to buy right now.

But it also makes it here because of its solid financials and stellar past price action of the NEE stock. As we head into the future, NextEra energy has committed to growing its renewable power production capacity. These, plus the political goodwill around clean energy as well as the emergence of clean energy stock-focused investors, are expected to continue fueling NEE stock’s price gain into the foreseeable future.

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Exxon Mobil (XOM) – Top Energy Stock to Buy and Hold Right Now

Exxon Mobil is one of the largest oil companies in the world. It was also one of the four large energy companies that had one of their best years in 2022 when their cumulative annual sales peaked above $1 Trillion.

We have already mentioned that these gains were primarily occasioned by the ongoing oil crisis. And because it persists, we expect Exxon Mobil to have yet another massively profitable year.

This would mean more cash in its reserves, more revenues, and higher dividends. Not forgetting, a bull run for XOM stock. This makes it the best stock to buy for dividend investors.

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Boeing Co (BA) – Grossly Undervalued Aviation Stock Ready to Pump

Boeing is an American multinational aviation company popularly known for the design, production, and distribution of highly advanced Boeing passenger and cargo airplanes. But it is also involved in the manufacture of military airplanes, rockets, telecommunication equipment, satellites, rotorcraft, and missiles.

After a century-long history of persistent growth and decades of profitability, Boeing stumbled during the pandemic period. This can be attributed to the closed international airspace, which leads to low demand for aircrafts. This only served to exacerbate Boeing's woes, as BA shares had tumbled while its revenues took a hit after the Boeing 737 MAX accidents in 2018 and 2019 in Jakarta, Indonesia and Addis Ababa, Ethiopia – respectively.

Even before Boeing could recover from the grounding of plans and the pandemic, the stock market crashed, and investors dumped tech stocks. All these have caused a major dent in Boeing company’s valuation and stock price.

Analysts now consider Boeing one of the most undervalued aviation companies – making now the best time to buy BA shares. You may also consider adding them to your watchlist of the next stocks to explode, as you can expect them to have a swift rebound as soon as the market hints at recovery.

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Should You Invest In Stocks?

Yes, you should invest in stocks because they have a proven history of growing investor capital. Over the years, millions of people from all over the world have taken advantage of the overall uptrending nature of most stocks to grow their capital or even plan for retirement.

Here are a few more reasons why you should consider investing in the best stocks:

Lucrative returns on investment

The majority of stocks we have discussed above are massively resilient and have a widely promising future. They promise to grow your investment exponentially in the future and will begin this swift rebound as soon as the market starts recovering.

Hedge against inflation

Most stocks and indexes have historically outperformed a country’s inflation. The same cannot be said of bank savings or such other investment options as treasuries. This makes stocks one of the best hedges against inflation today.

Diversify portfolio

You may also consider investing in stocks as a means of diversifying your portfolio. If you, for instance, already have high-risk-high-reward assets like crypto and low-risk-low-reward assets like treasuries, you may want to balance this portfolio by adding the moderate-risk-moderate-reward stock investments.

Earn passively 

A growing number of companies distribute attractive dividends to shareholders on a regular basis. You may, therefore, would want to consider investing in dividend stocks if you are looking for a regular source of passive income.

Own companies you love

You should also consider investing in stocks if you wish to open a piece of the bands you love and enjoy. Significant investments in shares with voting may even earn you a sit at the table where critical company decisions are made.

How to Find the Best Stocks in the Market

There currently are thousands of publicly traded companies in the United States alone. A number of these have a promising future, are resilient, or are grossly underpriced and primed for a rebound. But finding these gems in such a saturated pool of options can be quite overwhelming – especially for novice investors.

Below, we look at the practical strategies that you can use to find the best stocks to buy.

Follow news

Watch and read the financial and economic news on mainstream media and online. Here, you will easily identify the most promising stocks, and with a little research, you can as easily identify the ones worth investing in.

Consult experts

You may also consider engaging with expert analysts and pro-investor opinions about the most promising stocks to buy. These are often featured in mainstream media or financial journals, while others run personal investment-focused blogs. Alternatively, register with a stock brokerage and pay a professional a commission to help you identify lucrative stocks that align with your investing goals,

Social media forums

Today, there are multiple highly reputable groups, channels, pages, and forums on different social media where investors and analysts congregate to analyze stocks. By subscribing to these, you can easily identify the best stock to buy.

Invest in IPOs

You may also choose to be an IPO or early stock investor. Follow the financial news and social media forums to learn of upcoming company IPOs. Invest early – before the company goes public or as soon as the stocks hit the market – and stand a chance to grow your capital tremendously in the shortest time.

Invest in familiar companies/industries

If you rent sure where to start, most personal finance coaches will ask you to start investing in the company or industry in which you work or operate in. The upside to investing in a familiar niche is that you are abreast with developments in this space and are able to interpret the impact they may have on your stock investment. 

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What to Look for When Searching for the Best Stocks to Invest in May?

You now understand how to find the best stocks to buy in May. Let us now shift focus to the factors you need to consider when searching for the best stock to invest in:

Company financial health

Note that a company’s finances play a critical role in influencing its price action. For this reason, only invest in companies with a sound financial standing.

Company fundamentals 

Look at the use cases of the company’s products or services. Confirm the company’s growth prospects, assess the health of its price ratios, and look at its debt levels and value of assets. Only invest in a company with solid fundamentals and a promising future.

Resilience

Look at the company’s history and check how it reacts to different economic cycles. Check how far it fell during an economic crisis like a recession and how fast its growth rebounded during recovery. Only invest in the most resilient company.

Past and expected price action

In addition to the company’s growth, you may also want to look at the past and expected future performance of its stock. Confirm the consensus rating the stock has received from top analysts and, where possible, the number of hedge funds and mutual funds investing in the stock.

Industry or overall market performance

Events of 2022 remind us that the stock market and industry performance have a direct impact on the price of a stock. In addition to checking your preferred stock’s past and expected price action, confirm the direction of the industry in which it operates and that of the overall market.

Examine own investment goals

You should only invest in the company and stock which aligns with your investing goals. For example, if you are planning for retirement – invest in growth stocks. Alternatively, if you are looking for a source of regular income, invest in dividend stocks. 

Share ownership patterns

You will also do well to investigate your preferred company’s share ownership patterns. The last thing you want is to invest whose majority shares are concentrated in the hands of a few individuals as it exposes them and your investment to price manipulation.

Where to Buy the Most Promising Stocks Right Now

There currently are hundreds of regulated, licensed, and highly reputable stock brokerages operating in the country. These list a large number of shares, present you with a friendly trading interface and charge some of the most competitive stock trading fees.

But if you want to start investing in stocks today, we recommend using the multi-regulated eToro online trading platform. Below is an overview of the stock trading platform, breaking down some of the reasons that make it the best place to buy stocks in the US.

eToro – Best Online Stocks Brokerage for Low Fees and Copy Trading 

eToro has a rich history of reliability, dating back to 2007, when it started as a forex trading platform. Later on, it onboarded shares trading, and you can currently invest in 3000+ local shares and international stocks and ADRs on the platform. The brokerage maintains no commission fees for shares trading, and you only have to part with a highly competitive spread.

We also like eToro because it appeals to both beginner and expert traders. Beginners are drawn in by its easy and quick client onboarding process, an easily navigable interface, the free demo account, a comprehensive educational resource, and a straightforward shares investing process.

Pro traders are, on the other hand, drawn in by its wide range of assets and the integration of multiple advanced trading, analysis, market research, and risk management tools to its trading platform. Not forgetting that has some of the fastest transaction processing speeds.

Online brokerage is, however, more popular because of its social and copy trading tools. Social trading lets you interact with all other eToro platform users seamlessly – sharing ideas and collaborating in investment strategy formulation. Copy trading, on the other hand, lets you earn passively when you copy the trade settings of highly successful stock investors and mirror them to your trading account.

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How to Buy The Best Stocks In May 2023

Want to buy the best stocks right now that we have discussed hereinabove? Follow the step-by-step guide to stock investing that we have outlined below. It teaches you how to buy your first stock on the all-popular eToro online stock brokerage.

Step 1: Create a share investor account 

Start by opening the official eToro website on your browser or downloading the official eToro mobile trader app. Tap the “Join Now” icon on either platform and complete the registration form that pops up. You will also need to come up with a unique username and strong password for the account.

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Step 2: Verify your identity 

By virtue of being a multi-regulated online brokerage, eToro is required by law to subject its clients to KYC checks. Simply submit a copy of your passport or driver’s license.

Step 3: Fund this account

Log in to the approved trading account and hit the “Deposit Funds” icon on the user dashboard. On the funding tab that pops up, choose one of the payment options available to you and follow the prompts to deposit at least $10 into your trader account.

Step 4: Identify the best stock to buy

After the cash reflects in your account, hit the “Discover” tab to reveal all the supported financial instruments. Choose stocks, and from the list of supported shares, identify the company you wish to invest in today.

Step 5: Buy stocks

Tap the “BUY” option against your preferred stock. Use the trading tab that pops up here to customize this investment by indicating the number of shares you wish to buy or the amount of cash you wish to invest in the company. Hit the “Open Trade” button to execute the trade.

Your capital is at risk. Other fees apply.

Conclusion – Best Stocks to Buy Right Now

There goes a comprehensive guide about the most promising stocks to invest in today. We told you why each of these makes it to this list and why some should be on your next stocks to consider in your watchlist.

In addition to reviewing top stocks to invest in today, we told you why shares are worth buying today, what to look for when searching for the best stock, and where to buy these stocks.

Even more importantly, we provided you with a step-by-step guide on how to buy your first stock on the all-popular eToro online brokerage.

eToro – Buy Best Stocks Today

Your capital is at risk. Other fees apply.

Guides To Buying Stocks

To learn more about stock investing, check out our expert guides.

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