Next Stock To Explode In May 2023

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Last Updated May 1st 2023
20 Min Read

The stock market continues to grow rapidly in 2023, and there are currently thousands of promising stocks, which makes the search for the best next stock overwhelming. However, after careful analysis of the current and expected market conditions for the different industries, sectors of the economy, and the trajectory of the global economy, analysts believe that some stocks will appreciate the most anytime this year.

With that in mind, this guide discusses the Next Stock to Explode in 2023, highlighting the companies solid fundamentals, their proven ability resilience, and are expected to have some of the fastest rebounds.

The Top 20 Next Stock to Explode This Year

Finding the next stock to explode can be challenging, especially now that there are many thousands of new public companies to choose from. To help streamline the decision-making process, we’ve conducted the research and narrowed down the selection to the most promising stock companies below: 

  1. Amazon Overall Best Reward Stock To Explode In 2023
  2. Tesla Popular Stock To Explode This Year With The Highest Rebound Potential
  3. Disney – Next Stock With 5X Growth Potential in 2023 
  4. Alphabet Top Pick Among Tech Stock With Potential To Explode This year
  5. Apple One Of The Most Reliable Growth Stocks Of All Time
  6. Dish Network Top Value Stock To Explode Selling For Cheap With Massive Upside Potential
  7. ASML  Top Pick In The Semiconductor Industry
  8. HP Inc.  Best Stock For High And Consistent Dividend Yields
  9. T-Mobile US Top Pick For The Telecommunication Industry
  10. Chevron Overall Best Next Stock To Explode In The Energy Sector
  11. Pfizer Best Performing Pharmaceutical Stock With Significant Upside
  12. Lululemon Athletica Clothing Brand With Massive Long-Term Growth Potential
  13. Paramount Global Entertainment Stock With High Dividends And A Promising Future
  14. Netflix Popular Stock Poised For Recovery
  15. Advanced Micro Devices Chip Makers With A High Rebound Potential
  16. Microsoft Top Tech Stock Expected To Capitalize On AI
  17. eBay Top Pick Among e-Commerce Stocks
  18. Halliburton Best Alternative For Next Energy Stock To Explode
  19. LMVH Popular Luxury Goods Conglomerate That Will Continue Dominating Global Markets
  20. META Platforms Popular Stocks Expected To Make A Major Comeback

 

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To help you get started with stock investing, our analysts have scoured the markets and identified the best 10  stocks. 

A Closer Look at the Next Stock to Explode

When vetting different companies looking for the best stocks to buy, our analysts paid keen attention to three key pointers. First, they examined the company and stock’s past performance.

They also assessed the company’s financial standing and its stock performance in relation to current and recent micro and macro factors. Lastly, they plotted its most likely future performance based on projected company and industry performance as well as market direction and other macroeconomic factors.

With that in mind, this section discusses the top stock to explode this year, highlighting the companies with the highest price potential, before showing you how to invest in the best new stock today – all from your laptop, tablet, or smartphone.

1. Amazon – Overall Best Next Stock to Explode

Amazon was founded in July 1994 and listed with NASDAQ in 1997. A quarter century later, it has morphed into the largest e-commerce platform in North America. It has also extended its reach to such business divisions as cloud computing, artificial intelligence, and digital streaming. Success in all these fields has, in effect, made Amazon one of the most lucrative stocks of all time.

amazon is the best stock to explode

It experienced its most aggressive price gain yet during the lockdown period in 2020 and 2021. However, a crippling bear market in 2022 wiped out most of these gains, effectively wiping more than $800 Billion off the tech giant’s market cap.

In spite of its beaten-down stock price, several factors lead us to believe that Amazon stock will explode soon. For starters, the company is massively resilient, and its long-term business thesis remains strong. Further, sales on its e-commerce platform, subscribers to its Amazon prime TV, and AWS cloud computing users are all going up, which signals a return to profitability for the company.

Additionally, there are speculations that the company’s founder – Jeff Bezos – may be coming back as CEO soon. But even more importantly, Amazon is looking to expand on and introduce new growth drivers in digital advertising and healthcare. Their contributions to Amazon’s bottom line will help it escape the negative net income and probably set it on the path to recovery.

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2. Tesla – Top Pick for Stocks with the Highest Rebound Potential

Tesla is one of the most popular electric vehicle manufacturers in the world, mostly because of its innovativeness and close association with Elon Musk. It was the first automobile company in the world to have its market cap break above $1 Trillion.

Even though it has only been around for less than two decades, TSLA currently is more valuable than such century-old competitors as GM, Ford, and Chrysler. Its 15000%+ appreciation in share value makes it one of the most lucrative stocks of the last decade, while its promising future helps it feature in our list of best stocks to buy today.

Best stock to explode is Tesla

Three key factors informed our decision to include Tesla among the next stocks to explode in the following few months. First is the fast-paced growth of electric vehicle sales in the US and international markets like Europe and China, which led to record revenues for Tesla. Secondly, the company is expanding fast with the recent launch of two giga-factories (Berlin and Austin) and another in Mexico coming soon.

Lastly, Tesla also makes it here because it is committed to growing its revenue base. In addition to the electric vehicles, uptake of other Tesla products - especially the solar roof and Powerwall has also been on an uptrend. They all are expected to fuel Tesla’s recovery and possibly trigger the next price rally for TSLA stock.

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3. Disney – Best Pick for Stocks to Explode in the Entertainment Industry 

Four key factors make Disney stock one of the best stocks to buy right now and a top choice for the next stocks to explode. First is its unmatched resilience. Walt Disney is one of the most successful entertainment companies of the last decade, and the odds are high that it will replicate this successful business model for a hundred more years. Over the years, Walt Disney has survived some of the most devastating economic meltdowns – always rebounding and rallying to newer heights.

Disney is the Best Pick for Stocks to Explode in the Entertainment Industry 

The Walt Disney company also tops our list of best buys among the next stocks to explode because of its innovativeness. Starting as an animation company, Disney has been quick to adapt to changing demands in the entertainment industry – which could be credited with its massive success. It started by branching off to theme parks, cable TV, and, more recently, digital streaming. All these revenue sources will continue pouring into Disney’s pool and pushing up DIS share price.

Third, you may want to buy Disney at the current dip because its core markets are recovering. Note that the primary reason DIS share price was badly battered during the 2022 bear market was due to its dwindling revenues. This could be explained by the closure of theme parks and theaters because of the Covid-pandemic in 2020 and 2021. Today, however, theme parks have reopened, and blockbusters are performing incredibly well at the box office.

Even more importantly, Bob Iger is back as Disney’s CEO and argues that he can’t wait to roll out turnaround plans. These are expected to shape the company and DIS share price throughout 2023 and beyond. 

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4. Alphabet – Top Pick among Tech Stock with Highest Growth Potential

Alphabet – the parent company for Google and YouTube – also features among the best stocks to buy today. Like most tech stocks, Alphabet’s share price took a massive hit in the 2022 bear market – losing more than 45% of its share value. It also shed more than $600 Billion of its market capitalization, and its revenues also took a massive hit.

We feature Alphabet among the next stocks to explode because all these factors have put downward pressure on GOOGL share price. As soon as the sell-off for tech stocks starts to lose steam and the market signals recovery, we expect Alphabet stock to rebound and quickly rally to new highs.

Alphabet is a Top Pick among Tech Stock with Highest Growth Potential

Remember that Google still dominates internet search and, by extension, the digital advertising industry. Further, Alphabet is home to a multitude of tech companies, including YouTube, Fitbit, Nest, Intrinsic, and DeepMind, whose continued growth is expected to translate to value gain for GOOGL share. Most recently, the 4th most valuable company in the world joined the AI race by introducing a rival to OpenAI’s ChatGPT3, i.e., BARD – a conversational AI powered by LaMDA.

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5. Apple – One of the Most Reliable Growth Stocks of all Time 

Founded in 1976 as a portable computer manufacturing company, Apple has turned out to be one of the most successful technology companies of all time. Its $2.5+ Trillion market cap also makes it the most valuable company in the world, and its shares are one of the most lucrative investments. We expect Apple to replicate this past performance moving forward, which is the primary reason why we list it among the best buys.

These are, however, far from being the only reasons why we believe Apple will be among the next stocks to explode. For starters, we expect the company’s innovativeness evidenced by the consistent launch of new products as well as its app store income from in-app purchases, to continue driving its revenue and share price up.

5. Apple stock is One of the Most Reliable Growth Stocks

The fact that Apple is one of the few technology stocks that distribute dividends to shareholders also makes it popular among investors. But even more importantly, Apple has solid financials and some of the highest cash reserves that would help it withstand even the most devastating economic meltdown.

We also expect Apple’s services business division, which covers cloud services, Apple Play, and Apple TV, to grow rapidly moving forward. This translates to more cash for its reserves and possibly higher dividends for shareholders, effectively revving up investor interest in Apple shares and catapulting AAPL stock price to new heights. 

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6. Dish Network – Top Value Stock Selling for Cheap with Massive Upside Potential

Dish Network is a communication services company and one of the best beaten-down stocks to buy today and hold for the next few years. It is one of the cheapest stocks in the tech industry, having cratered by close to 60% during the last bear market – from which it only began its recovery. Dish Network is also a component of the S&P 500 value index, and its EPS is currently four times less than that of an average value stock in this index.

dish network stock is expected to explode this year

But we don’t just consider it a good buy because it is cheap. We also believe it to be among the next stocks to explode because of its aggressive expansion drive. Over the recent past, for example, Dish Network has been spending billions of dollars acquiring 5G licenses and prepping for its rollout. Additionally, the satellite TV and wireless services provider is also in talks about a possible merger with DirecTV.

The rollout of 5G technology and merger with DirecTV are expected to thrust the undervalued DISH stock to new highs as soon as the market starts recovering.

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7. ASML – Top Pick in the Semiconductor Industry 

ASML has the monopoly over Extreme Ultraviolet (EUV) technology and sole manufacturing capability to produce chipmakers needed by others in the industry to create the most advanced logical chips. Such a powerful grip on a fast-growing industry (with annual sales expected to break above $1 Trillion in 2030) explains why we consider ASML stock a must-buy.

ASML is a Top Pick stock in the Semiconductor Industry 

As the world ushers in the age of AI, electric vehicles, and robotics, the demand for highly advanced logic chips is growing fast. ASML management understands this, which explains its rush to establish more chipmaker and R&D centers across the world.

ASML’s dominance in the semiconductor industry also explains why its share price and company market cap have been on a persistent uptrend. Moving forward, the company is expected to replicate this show of resilience and sustain this uptrend, triggering investor interest in the leading tech company.

In addition to industry dominance and increased sales, ASML is expected to start buying back shares. All these are anticipated to trigger a price rally for ASML stock, which explains its feature in our list of the best next stock to explode.

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8. HP Inc. – Best Stock for High and Consistent Dividend Yields

Hewlett-Packard Company (HP Inc.) is a legacy technology company specializing in personal computers and printers. A host of factors make it one of the best stocks to buy today and even have analysts convinced that HP may be the next stock to explode this year. First is its undervaluation, occasioned by the tech stocks sell-off and bear market that dominated the global stock markets in 2022.

Secondly, HP is one of the best dividend stocks out there. It is not only consistent with profit distributions to shareholders but also pays higher than its peers in the S&P 500 Index – ranging between 2.3% and 4% every quarter for the last five years. Thirdly, HP has invested heavily in an aggressive stock repurchasing program that is expected to continue for the next few years.

HP Inc. is a  Best Stock to explode for High and Consistent Dividend Yields

Further, HP Inc. has solid financials with a healthy P/E ratio and massive cash reserves. Analysts are convinced that these reserves are enough to help HP survive a possible economic recession without restricting dividend distribution.

Additionally, it is currently selling for cheap. An expected market recovery, as well as increased sales fueled by the increased work-from-home model (that HP management is convinced is here to stay), are expected to trigger an upwards price correction.

All these have sparked investor interest in the company. There has especially been a rush to acquire HP shares. The likes of Warren Buffet have, for example, accumulated enough in recent months to overtake Vanguard as the largest HP shareholder at the end of 2022.

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9. T-Mobile US – Top Pick for the Telecommunication Industry

T-Mobile is the second-largest wireless carrier in the US and had more than 110 million subscribers at the end of 2022. We feature it here because it is one of the fastest-growing telecommunication operators in the country. The many developments it has rolled out in the past are expected to help the company sustain this growth momentum in the near future, which increases the chances of T-Mobile stock exploding exponentially.

T-Mobile stock to explode this year

Among these developments is the aggressive approach to rolling out 5G technology. Some observers have even claimed that T-Mobile is more than 12 months ahead of its two closest competitors (Verizon and AT&T) on this front. Further, T-Mobile has been equally aggressive in both marketing and phone plan pricing – which are expected to continue expanding its market share and subscriber base.

Further, the carrier has operationalized a roadmap that will see it double its share of ‘large-business,’ especially government contracts - from the current 10% to more than 20%. All these, plus its resilience and continually uptrending share price, have most investors interested in T-Mobile stock, and their aggressive accumulation of the carrier shares will possibly trigger a massive bull rally.

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10. Chevron – Overall Best Next Stock to Explode in the Energy Sector

Chevron is a big-five energy company in the US and a top pick on our selection of the next stocks to explode.. It makes it here because of two key events that took place in 2022 and changed the oil industry direction for the next few years. First was the break-out of the ongoing Russia-Ukraine war that was followed later by the 2 million barrel per day cut in oil production by OPEC+ countries.

These triggered and exacerbated a global oil crisis, which sent oil and natural gas prices skyrocketing. This resulted in record profits for the likes of Chevron, which alongside Exxon Mobil, Shell, and ConocoPhillips, sold oil and natural gas worth more than $1 Trillion in 2022.

Chevron is Overall Best Next Stock to Explode in the Energy Sector

The ensuing interest in Chevron stock saw CVX’s share price jump close to 150% in the 12 months leading to December 2022. Moving forward, the world may continue staring at sky-high oil prices if the Russia-Ukraine war continues and if Russia goes ahead with an oil production cut in response to the EU and G7 imposed price cap on Russian oil.

These developments, even though devastating to the rest of the world, would mean more sales and revenues for such energy companies as Chevron. This translates to more profits, higher cash reserves, and a rallying share price. 

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If you’re looking to make money with stock, investing in one. or more. of the companies listed above could be a wise move. With that in mind, let’s take at more potential stocks that could also explode in 2023:

More Potential Stocks To Explode This Year

Potential Stocks To Explode in 2023

Here are a few more stocks with the highest potential of gaining value and exploding over the next few months. These have beaten down valuations and are expected to current upwards when market recovery kicks in.

Exxon Mobil

Exxon Mobil is a multinational oil and gas company that had its best year yet in 2022, capitalizing on the ongoing oil crisis. The energy stocks boom helped with its swift recovery from the pandemic-induced stock crash, with XOM shares rallying 50% in the 12 months to December 2022.

Moving forward, a few factors have most investors convinced that Exxon Mobil’s stock price will continue rallying. First is the Russia-Ukraine war that seems to have no end and the threats of further oil production cuts by Russia in protest of the EU-imposed Russian oil price caps.

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Meta Platforms Inc.

Meta – the holding company for social media giants like Facebook, Instagram and WhatsApp – has had it rough in the past few months. From a market capitalization of $1 Trillion in September 2021, Meta lost more than $700 Billion in about 12 months when it crashed to $260 Billion in October 20222.

Since hitting this low, Meta has been involved in an aggressive reorganization that included laying off 11,000+ employees. It has also shifted its core focus from the yet-to-pick Metaverse and VR projects back to the ever-lucrative digital advertising. Meta's stock price has started its recovery journey, and we believe that it could blow off to pre-2022 bear market levels within the next few months.

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Netflix

Netflix lost subscribers for the first time in 10 years in early 2022, and that – alongside a major sell-off for tech stocks as well as a bear market – triggered an uncontrolled value loss for NFLX shares. The popularity of such competitor sites as Apple TV, Amazon Prime, Disney+, and Paramount TV also had investors concerned about the digital streaming future.

But Netflix is back to recording positive subscriber numbers. It is also well on the path to generating positive free cash flow, as evidenced by steady revenue growth against constant or declining cash outlays. These, plus a recovering tech industry and the larger market, are expected to trigger a price run for Netflix shares.

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Microsoft

Microsoft is the second most valuable company in the world. It also is one of the most diversified tech companies with an interest in operating systems, portable computers, social media (LinkedIn), video games (Xbox), cloud computing, productivity software, and AI (ChatGPT). The explosive value gain for MSFT shares started during the pandemic era, only to be halted by the 2022 bear market and tech stock sell-off.

We, therefore, list MSFT among the best next stocks to explode because MSFT stock is one of the most undervalued stocks in the market today, The current price is currently underpriced. With the market recovery on the horizon, we expect Microsoft shares to resume the pandemic-ear rally and shoot to unimaginable heights. This recovery was recently given a boost by Microsoft’s re-entry into the search engine and digital advertising scene with the introduction of the ChatGPT AI tool.

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Enphase Energy

Founded in 2006, Enphase Energy is a fast-rising energy technology company. We list it among the best stocks to buy today and hold for years to come because of its massively promising future growth. We also feature it among the best next stocks to explode in 2023 because it already is rallying – having appreciated by 8000%+ in the five years leading to December 2022.

Being a renewable energy company the ongoing oil crisis has turned political goodwill and investor attention to renewable energy companies. We expect this interest to continue fueling value gain for ENPH shares over the next few months.

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Should You Invest In The Next Stocks To Explode?

Stocks are one of the oldest and most lucrative forms of investment. Much of their popularity can be attributed to the fact that they let you earn doubly – first from value appreciation for your invested capital and secondly from dividend distribution of company profits to shareholders. Investing in the next stocks to explode is, therefore, considered wise.

invest in the next stocks to explode

We, however, must caution that finding the best stock, which is about to explode, isn’t always easy. It involves a lot of research and analysis of both the stock markets as well as the national and global economies. You also need to put a lot of work into mastering practical and highly effective stock trading strategies, especially if you wish to be a short-term stock trader.

Hereinabove, we have discussed the companies that our analysts believe have the best shot at exploding this year. Below, we will highlight some of the factors that you need to consider when looking for such stock investments.

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How To Find The Next Stock To Explode

We have already mentioned hereinabove that finding the best next stock to explode can be overwhelming. It calls for extensive research of the stock markets and thorough analysis of different industries and individual companies.

find the next stock to explode

To help you get started with finding the best stock investments that work for you, we recommend that you pay close attention to the following factors when vetting potential companies:

Price action

Examine how the stock has performed in the past under similar or almost similar economic conditions. Research the most probable future market direction and assess how the company has reacted to similar conditions in the past. Where possible, look for and only invest in stocks that are already spiking and ready to explode.

Resilience

It is also imperative that you only invest in stocks with a history of resilience. Check how the stock performs in periods of uncertainty and economic meltdowns – in relation to the general market or the industry in which it operates – and the swiftness of its rebounds when market recovery starts. Go for the most resilient.

Revenue sources

Unless you are investing in a global monopoly, you will want to only consider a company that has diversified its revenue sources. From our list of the best next stocks to explode, you will notice that almost all the companies we have discussed have highly diversified business operations, which translate to diversified revenue sources.

Market/industry direction

The time it takes a stock to explode and, at times, the determination of whether it ever explodes is wildly affected by the larger market or industry price direction. For example, while most companies performed exemplarily well during the 2022 bear market, any explosive growth of their stock prices was stifled by the depressive market conditions.

Innovativeness

One of the major indicators of explosive value gain for company stocks is product launches. Here is an example, Pfizer company stock price grew by more than 200% between early 2020 and December 2021 after the company developed the Covid-19 vaccine.

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Where To Buy The Next Stock Explode?

Now that you know the best next stocks to explode in 2023 and how to find the one that works best for you, we need to learn where to buy them. Frankly, there is no shortage of stock brokerages – both online and Brick-and-Mortar – where you can invest in stocks with the highest explosion potential.

These are highly regulated, maintain user-friendly interfaces, charge highly competitive transition fees, and support multiple deposit/withdrawal methods.

To help you get started with stock investing, our analysts recommend the following stock brokerages:

1. eToro – Best for Social and Copy Trading

Several key factors help eToro stand out as one of the best places to buy stocks. First, it lists a wide range of stocks – as much as 3000 of both local and international shares. It also maintains one of the most intuitive stock investing platforms, starting with a straightforward account opening process and pouring into a highly intuitive investing interface.

etoro popular stock

Further, eToro maintains some of the lowest deposit minimums – at $10 – and doesn’t charge a commission for share trades.

But even more importantly, eToro supports copy and social trading – allowing beginner investors to start trading stocks and making money with no prior experience.

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2. Charles Schwab – Best Stock Platform For Beginners

The Schwab.com trading platform is the best place to buy the next stock to explode because of its affordability and user-friendliness. It maintains no deposit minimums, doesn’t charge a broker commission on stock trades, and doesn’t maintain a minimum trading amount. Deposits and withdrawals are also free.

It then runs one of the most intuitive trading interfaces that are not only easily navigable but also available for both web and app trades. But even more importantly, Schwab provides its platform users with 20+ research and data resources from leading providers. Not forgetting that it has one of the most accessible and highly responsive customer service teams, available 24/7 on the phone, by email, and via live chat.

3. Webull – Best Retirement Planning

Webull stands out among the best stock trading apps for the next best stocks to explode because of its support for one of the largest varieties of stocks. Here, you get to interact with 5000+ stocks and international ADRs. It, too, has a straightforward account opening process and doesn’t even maintain a deposit minimum.

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The minimum trade amount is nevertheless set at $5. The broker doesn’t charge a commission for stock trades and maintains highly competitive spreads. We also feature it here because it lets you plan for retirement and invest in stocks using the tax-advanced IRA account.

How To Buy The Next Stock To Explode

Can’t wait to start accumulating the next stocks to explode? We recommend using this beginner’s guide to stock investing, which walks you through the stock investing process on the all-popular eToro online stock brokerage:

Step 1: Create a stock investor account

On your browser, open the official eToro website or download the eToro mobile trader app. Click the ‘Join Now’ icon and complete the user registration form that pops up.

open trading account

Step 2: Verify your identity

eToro is a multi-regulated broker and will, therefore, demand that you verify your identity before you can start trading stocks on its platform. Simply furnish them with a copy of your government-issued identification document like a passport or driver’s license.

etoro account verification for stocks

Step 3: Fund the account

Log in to the approved stock investor account and hit the “Deposit Funds” button on the user dashboard. Choose a payment option from the list of options that pops up and follow the prompts to fund the account with at least $10.

fund account

Step 4: Decide on stock investment

On the user dashboard, hit the ‘Discover’ button and choose the stocks option. From the list of shares provided, find the best next stocks to explode worth investing.

search for stocks

Step 5: Buy stocks

After identifying the stock to buy, tap on the ‘BUY’ option. On the trading tab that pops up, customize this trade by indicating the number of shares you wish to buy or the amount you wish to invest in the company. Hit the ‘Open Trade’ button to execute the purchase. 

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You can read our full guide on how to buy stocks on eToro

Conclusion – Next Stock To Explode

There goes everything you need to know about the next stock to explode in 2023. When coming up with this list, we considered a host of factors, key among them being the stock’s past price action, the industry in which it operates, its resilience, and the future growth potential for the individual company, its sector of the economy, and the economy at large. 

After a rather devastating bear market that crushed the stock markets throughout 2022, a growing number of optimistic investors and analysts are convinced the market is ready for recovery. We, however, still need to appreciate that inflation remains high and the fed is still raising interest rates. Further, the oil crisis drags on, and the China-US rift grows wider.

These have most analysts convinced we are headed for a global economic recession – sometime in 2023 or next year. We took this into account, too, when vetting the best stocks to buy this year. Our list, therefore, doesn’t just contain the next stocks to explode but also covers some of the best stocks to hold during a recession.

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FAQs Next Stock to Explode

What is the next stock to explode?

In a recovering economy and stock market, many shares that had their growth stifled by the last bear market have the potential of sprouting and exploding. We believe the likes of Amazon and Tesla to lead this pack. Another stock set to explode is Disney.

Which is the best sector to invest in right now?

We expect the technology, renewable energy, and consumer goods sectors to post considerable gains over the next few months.

Which stock has the most promising future?

With fast-paced developments taking place in the technology sector, especially with the introduction of 5G and AI technologies, we expect tech stocks to continue posting stellar gains in the foreseeable future. Additionally, as the world readies for the transition to green energy, we expect unprecedented growth of renewable energy companies and their stocks.

Are stocks worth Buying this year?

Yes, stock investments are worth buying because they are highly lucrative – both in the long-term, and short-term, and as sources of passive income. Before you start investing in stocks, research widely, and master the different trading strategies.

Will the world economy enter a recession in 2023?

A growing number of scholars, analysts, and even the World Bank are all convinced that the global economy will grow at a rather depressed pace and possibly enter into a recession later in the year.