Best Shares to Buy Right Now in May 2023

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Last Updated May 1st 2023
15 Min Read

In this guide, we will provide you with a detailed overview of the best shares to buy right now. These have solid fundamentals, have performed extremely well in the past, most have solid financials, and have a hugely promising future – both over the short and longer term. 

We will also tell you where to buy these stocks, what to consider when looking for the best share investment for you, and provide you with a step-by-step guide to investing in stocks today.

Top 15 Best Shares to Buy in May 2023

There are thousands of hugely promising and lucrative companies to invest in today. After carefully vetting these, our analysts settled on the following as the 15 best shares to invest in today.

  • Tesla (TSLA) Overall Best Stock to Buy Right Now
  • Amazon (AMZN) Popular Stock with One of the Highest ROI
  • Chevron Corp (CVX) Best Energy Stock to Buy and Hold
  • Berkshire Hathaway (BRK.A) – Best Long-Term Stock Investment
  • Coinbase (COIN) The Only Publicly Traded Crypto Company With Promising Future
  • Warner Music Group (MSG) Best New Stock to Invest in Today
  • TSMC (TSM) Fast-Growing Semiconductor Stock with a Promising Future
  • Exxon Mobil Corp (XOM) – Popular Energy Stock to Buy and Hold Today
  • Netflix (NFLX) – Most Popular Entertainment Stock to Buy and Hold
  • Apple (AAPL) – Best Dividend Stock to Buy Right Now
  • Meta Platforms (META) Popular Stock Expected to Post Highest Rebound in 2023
  • T-Mobile (TMUS) – Best Stock to Watch in 2023
  • Block (SQ) – Crypto-Affiliated Stock with a Hugely Promising Future
  • MercadoLibre Inc. (MELI) Fast Rising Stock to Buy and Hold
  • Inspire Medical Systems (INSP) – Fastest Growing Healthcare Stock 

 

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Below, we provide you with an overview of the popular stocks worth investing in that we have outlined above. We will also help you decide whether stocks are worth investing in, show you how to build a stock portfolio, and provide you with a stock investing guide.

Reviewing the Most Popular Shares to Buy Right Now

When vetting the different sectors of the economy and looking for the best shares to buy in May, we paid attention to several key factors. First, we assessed the historical performance of the company and stock. We also checked its financial standing and business fundamentals. Importantly, we assessed the future direction of the company as well as that of the industry and economic sector in which it operates.

Let us go over the best shares to buy in May 2023 and watch right now and tell you why they make it to this list. 

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

Tesla is the best stock to buy right now because even after having its best year yet, its stock still performed dismally. In 2022, the electric vehicle manufacturer's production rose by 47%, deliveries grew by 40%, and gross revenue soared by 50%. And net income grew by more than 120%. Despite such significant gains, however, TSLA stock dipped 65% in the year.

This has our analysts convinced that most of the factors driving down Tesla stock are external. And we can narrow them to underperforming tech industry stocks, an extended bear market, and fears of a global recession.

Best shares to buy right now

Four key factors, nevertheless, have us convinced that Tesla stocks are ripe for a rebound that will possibly catapult it to its late 2021 highs. First, we expect the EV maker's positive growth to boost investor confidence in TSLA. Secondly, we expect a recovering stock market and tech industry stocks to trigger a recovery for TSLA stock. 

Third, Tesla still dominates the EV market, and we expect it to remain the most preferred EV across the world in the foreseeable future. Lastly, Tesla operates in two of the fastest-growing industries – technology and renewable energy – and we expect investor interest and political goodwill to continue driving up the share price of related stocks.

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Read More: Best AI Stocks To Invest In

Amazon (AMZN) – Popular Stock with One of the Highest ROI

Amazon is by far the most popular and most valuable ecommerce store in the world. It is also one of the most lucrative stock investments of the last two decades, seeing that at the start of 2023, AMZN stock was selling more than 110000% above its IPO price – even though it was down 50% from the peak price hit in November.

The lucrative nature of the trillion-dollar tech company isn't, however, the only reason we list it among the best shares to invest in today. There are four other reasons we believe Amazon should feature on every share investor's portfolio.

Top shares to invest in today

First, like most other tech stocks, AMZN's 50% dip in share price can be attributed to an underperforming industry and an extended bear market. We, therefore, are confident it will resume a rebound as soon as the market starts recovering. Secondly, we list it here because it has proven its resilience by sustaining an uptrending sales volume (locally and internationally) even in the face of a contracting global economy.

Thirdly, we like that Amazon is on an aggressive expansion campaign. In addition to ecommerce, Amazon is engaged in cloud computing services, artificial intelligence, digital advertising, and online streaming through the fast-growing Amazon prime TV. All these will expand Amazon's revenue base, which plays a key role in driving up AMZN stock prices.

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

We consider Chevron the best energy stock to buy and hold over the long term because of its resilience. This is evidenced by the fact that it has maintained an overall uptrending price action since going public in 1983. We also liked the fact that it has been fairly consistent with its dividend distribution – which makes it a good investment for anyone looking for regular passive income.

Best Energy Stock to Buy and Hold

You probably are aware that the world is going through an unprecedented energy crisis occasioned by two critical factors. First was the Russia-Ukraine war, which was closely followed by a 2-million barrel per day cut in production by OPEC+ countries.

These sent oil and gas prices soaring – and with them, energy company revenues and stock prices. The four big oil and gas companies (Chevron, Shell, Exxon, and ConocoPhillips), for example, recorded a combined $1 Trillion worth of sales in 2022 alone. This helped Chevron's revenues for the year surge 126% to $35 Billion.

Heading into the second quarter of 2023, the Russia-Ukraine conflict rages on, and OPEC+ countries have no intention of increasing oil production. Even more importantly, Russia – the second largest oil and gas producer in the world – threatens to cut production in reaction to price caps on Russian oil imposed by Europe.

These factors are expected to exacerbate the global oil crisis driving up oil and gas prices – which translates to higher revenues, net income, and stock price for Chevron. They form part of the reasons we consider Chevron the best stock to buy in May 2023. 

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Berkshire Hathaway (BRK.B) – Best Long-Term Stock Investment

Berkshire Hathaway, headed by the celebrated stock investor - Warren Buffet, also makes it to our list of the best shares to buy in May 2023. Unlike most of the other stocks listed here, Berkshire Hathaway is not a standalone company but an investment conglomerate. It has a stake in multiple other companies in addition to wholly owning a few others.

Best Long-Term Stock Investment

Some of the factors that make it worth buying today include resilience which could be attributed to its overall uptrending price action. In the last five years leading to December 2022, for example, BRK:B stock price was up by more than 50% - even after dipping close to 15% in the last half of the year.

Berkshire Hathaway has also been fairly consistent in distributing competitive dividends to its shareholders. In addition to this, the company has always set aside a significant portion of its income – dedicated to buying back stock. This makes BRK:B the perfect stock investment for you if you are looking to consistently grow your investment while earning regular passive income. 

We must also observe that Berkshire Hathaway has a widely diversified portfolio spanning multiple sectors of the economy. From Apple to Chevron, Coca-Cola, McDonald's, Bank of America, and even American Express company. This explains why it isn't significantly affected by volatile dips in any single industry – like the underperformance of tech stocks throughout 2022.

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Coinbase (COIN) – The Only Publicly Traded Crypto Company With Promising Future

Coinbase made history when it became the first crypto exchange company to go public in 2021. Established in 2012, Coinbase is one of the most reputable crypto trading, staking, and storage platforms. Throughout this time, it has consistently grown its user numbers. These topped topping 108 Million in 2022 – a sharp increase from 56 million in 2021 – with $3.1 Billion worth of crypto transactions in the year, earning the company.

Best Stocks to Buy

We note that even with close to a two-fold increase in user numbers, Coinbase annual revenue and net income dipped by more than 50%. This depressing performance saw COIN lose more than 80% of its share price between January and December 2022.

The loss could be attributed to three key factors. First is the consistent rake hike by FED, which saw investors turn to government securities and shun crypto – triggering massive sell pressure. Secondly, Coinbase is a technology stock that was affected by the year-long downtrend for tech industry stocks. Lastly, the extended bear market also hurt COIN's price action as investors fear further value loss for most stocks in the case of a global recession.

But we list Coinbase stock among the popular shares to buy and hold because of its resilience and promising future. It has also received a 'HOLD' consensus rating from expert analysts who expect a recovering stock market, a rebound in tech stocks, and the eventual recovery for cryptocurrencies to force a rebound for COIN stocks.

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Warner Music Group (WMG) – Best New Stock to Invest in Today

Warner Music Group is the music production and distribution of the century-old Warner Bros film company. Established in 1958, the third-largest music company in the world was privatized in 2011 after its sale to Access Industries, only for it to issue a new IPO in 2020. Its rich history, rich music catalog, solid reputation, strong financials, and hugely promising future makes it one of the best new stocks to buy right now.

Best New Stock to Invest in Today

 We also list Warner Music Group among the best shares to buy right now because of the consistency of dividend distribution and competitiveness of its dividend yield. In 2022, for instance, WMG paid an annual dividend of $0.64, translating to 2.13% in yield. This makes it one of the best stock investments for individuals looking for regular passive income.

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TSMC (TSM) – Fast-Growing Semiconductor Stock with a Promising Future

The Taiwan Semiconductor Manufacturing Company Limited also makes it to our list of the best shares to invest in right now. The largest semiconductor design and manufacturing company makes it here because it not only has a history of stellar performance but also because it has a hugely promising future.

Fast-Growing Stock with a Promising Future

In the five years leading to its peak price in January 2022, for instance, TSM had rallied by more than 450%. But as the bears took over the stock markets and tech stocks embarked on a year-long downtrend, TSM shed more than 505 of this peak price. The dip in share price was in spite of a 29% year-over-year increase in revenues and a 45% increase in net income for the year. It also announced that it was expanding its investment in Arizona, US, from $12 Billion to $40 Billion with plans to open up a second plant.

But the revenue growth isn't the only indicator of TSMC's promising future. Other factors why you need to invest in the semiconductor manufacturer include the fat that it is currently selling for cheap and will – almost certainly – correct upwards as soon the market and tech industry resume recovery. It may also help to know that it has received a "Strong Buy' consensus rating from expert Wall Street analysts.

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Exxon Mobil Corp (XOM) – Popular Energy Stock to Buy and Hold Today

Exxon is a century-old oil and gas company and one of the most reputable energy stocks to buy and hold today. We feature it here because it is solid financially, has strong fundamentals that will continue fueling its future growth, and is a large benefactor of the ongoing oil crisis. Not forgetting that it has been consistent in distributing dividends to shareholders, effectively making it a valuable addition to any passive-income-focused stocks portfolio.

Popular Stock to Buy and Hold Today

In 2022, for example, Exxon was among the top four energy companies whose combined sales tore above $1 Trillion. This helped the energy company grow its revenues by 78% year over year to $141 Billion, while net income increased by more than 140% to reach $56 Billion. The dividend yield was 3.2%, translating to $3.58 per share. A significant portion of this income also went to strengthening the company's finances.

Our analysts point out a few factors that they believe make XOM one of the most popular stocks worth buying right now. First, they expect the global energy crisis to drag on as the Russia-Ukraine war rages, Russia threatens to cut production, and OPEC countries refuse to raise production volumes.

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Netflix (NFLX) – Most Popular Entertainment Stock to Buy and Hold

Netflix remains one of the most lucrative stocks to buy and hold over eth longer term. By the time it peaked in the last quarter of 2021, NFLX was trading more than 560% above its IPO price. In 20222, however, one internal and two external factors triggered a downtrend for the stock and saw it crawl into 2023, selling close to 60% below the November 2021 highs.

Most Popular Stock to Buy and Hold

For starters, Netflix reported a loss in subscriber numbers for the first time in over a decade in the first quarter of 2022. Secondly, tech industry stocks were on an extended nosedive throughout the year. A slowing down economy and a year-long bear market only served to exacerbate the Netflix stock's woes.

But Netflix has always been a resilient brand, and several core factors have our analysts convinced that now may be the best time to invest in the largest digital streaming service. First is the acknowledgement that NFLX stock is selling for cheap even as it stares for a bullish run back to its late 2021 highs.

Secondly, Netflix is back to posting positive user numbers, which means high revenues and higher stock prices. Thirdly, Netflix is reorganizing its business. It not only lowered subscriber fees in 100+ markets but also introduced the fee-friendly ad-supported subscriber plan. Lastly, the tech industry will eventually rebound. So will the overall stock market, and these are expected to play a critical role in fueling an upward correction for the NFLX stock.

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Apple (AAPL) – Best Dividend Stock to Buy Right Now

Apple is one of the most popular and recognizable brands in the world, just as it is the most valuable company – worth more than $2 Trillion at the end of 2022. It is also one of the most financially stable companies in the world – with more than $55 Billion in cash reserves and $48 Billion in cash on hand at the end of 2022. This makes its operations fairly immune to market shocks –including the feared global recession.

Best Dividend Stock to Buy Right Now

But this isn't the only reason why we consider Apple stock one of the best shares to buy right now. It also makes it here because it hasn't missed a dividend payout in over a decade. The distribution for 2022, for example, was $0.9 per share (paid quarterly), with a dividend yield of 0.73%. The consistency in dividend payout makes Apple the best stock to invest in today for individuals looking for regular passive income.

We also liked Apple because it is expanding rapidly, which will only translate to higher revenues and pumped-up stock prices. In addition to launching new smartphones and M1/2-chip powered laptops, Apple has ventured into artificial intelligence, cloud computing, and digital streaming via Apple+ TV.

You, too, would want to invest in Apple shares today because of its resilience – considering they weren’t as negatively affected by the down-trending tech industry in 2022. Additionally, you may expect it to sustain market dominance in the smartphone niche for years to come. It also makes perfect sense to buy Apple stock right now because it is expected to venture into VR/AR market this year – in what promises to be a massive boost to its revenue and stock prices.

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Meta Platforms (META) – Popular Stock Expected to Post Highest Rebound in 2023

Meta Platforms – the parent home for social media giants – Facebook, Instagram, and WhatsApp – also makes the cut for the most popular shares to buy. We feature it here because it had one of its worst years on record in 2022, and 2023 promises to be the year it regains its foothold, with META stock expected to rally toward the late 2021 highs.

Popular Stock Expected to Post Highest Rebound

In February 2022, Meta Platforms became the first company in the history of the US stock markets to lose more than $200 Billion (26% of its market cap) in a single day. And in the months that followed, META lost another $400 to end the year value around $320 Billion – down from a $920 Billion market cap at the end of 2021 and close to $1.1 Trillion in August 2021. META's stock price also fell sharply – dipping 75% in the first 11 months of 2022.

Meta Platforms stock

Amidst this unprecedented loss, however, Meta settled on several multiple business decisions aimed at preventing further bleeds in stock price and regaining investor confidence in the brand. To start with, META was engaged in cost-cutting in a move that saw let go of 10,000 employees and is currently paying a lot of attention to cost discipline. It also abandoned the Metaverse project. But even more importantly, the brand has gone back to improving its platforms – especially Facebook and Instagram – to make them more appealing and competitive to the likes of TikTok.

These recovering tech stocks and the rebounding economy/stock market are all expected to trigger an upward price correction for META stock. It may also help to know that META has received a consensus 'Buy' rating from top analysts.

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T-Mobile (TMUS) – Best Stock to Watch in 2023 

T-Mobile is the second-largest wireless carrier in the US and one of the best shares to buy right now. Founded close to three decades ago, T-Mobile has been one of the fastest telcos in the country, having grown its subscriber base past 110 million last year.

Best Stock to Watch

Along with the subscriber numbers, T-Mobile has expanded its revenue base and solidified its financial standing. This has made it one of the most resilient brands, as evidenced by the not-so-significant dip in share price during the year-long bear season for tech industry stocks. 

Rapid growth and resilience aren't, however, the only reasons why we consider T-mobile a popular stock worth investing in. It also makes it here because it has one of the widest 5G network coverage, and its rollout with earn it more subscribers – which translates to high revenues and an even high stock price.

There also are two more factors that the entire investment community will drive TMUS stock price to unprecedented levels. First is the historic share buyback program the telecommunication company is involved in. It has already set aside $11 Billion to be used in TMUS shares buyback and plans to eventually buy $60 Billion worth of shares. Equally important, T-Mobile recently acquired the Ryan Reynold-backed Mint Mobile.

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Block (SQ) – Crypto-Affiliated Stock with a Hugely Promising Future

Block – formerly known as Square – is a technology company founded by celebrated innovator and entrepreneur Jack Dorsey. It went public in 2015 and has sustained an overall uptrending price action, reaching 3000% above its IPO price in early 2021.

Block has sustained an uptrending revenue growth reporting a 14% year-over-year increase in 2022. But this overall uptrending growth rate and a hugely promising future aren't the only reasons why we list Block among the best shares to buy right now. 

Stock with a Hugely Promising Future

We also list it here because of the rapidly growing revenue base. Over time, Block has expanded the products it has on offer beyond CashApp and Square. It also has AfterPay, Weebly, and Tidal. They have recorded consistent growth, further proving that Block has a hugely promising future. 

You may also want to note that between 2020 and 2021, Block Inc. added $200 Million worth of Bitcoin to its balance sheet. But the lead crypto hasn't been on a downtrend throughout 2022, losing as much as 75% between November 2021 and December 2022. We, therefore, list it here because we are confident that a crypto market rally will have a positive impact on Block's balance sheet and its SQ stock price.

Block also makes for one of the most popular stocks to buy right now because it is selling for cheap. It slithered into 2023, trading more than 80% below the early 2021 peak price. With the recovery for the stock market and tech industry stocks drawing ever near, we expect SQ to embark on an upward price correction that catapults it toward this peak price.

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MercadoLibre Inc. (MELI) – Fast Rising Stock to Buy and Hold

MercadoLibre Inc is a technology company specializing in ecommerce and online payment processing. Dubbed the Amazon of South America, the company operates an online marketplace that offers both ecommerce and online auction services. Fast Rising Stock to Buy and HoldThe company has its headquarters in Argentina though it was incorporated in the USA, and it makes our list of the best shares to buy right now because of its massively promising future.

We appreciate that though MercadoLibre was established more than two decades ago, its growth only entered the explosive phase recently. It is now considered one of the fastest-growing online retail and fintech companies in South America. Both its ecommerce and payment processing businesses furthered their year-over-year growth, helping the company grow its annual revenue by 49% in 2022 and break above $10 Billion for the first time ever. Its net income for the year, on the other hand, rallied 480% to reach $482 Million.

You might want to invest in MercadoLibre because it still has unlimited upside growth potential. By increasing investments in key markets like Brazil and Mexico, the company is setting itself up for massive sales volume growth and further adoption of payment processing services.

You may also want to invest in MercadoLibre because of its proven resilience. This was evidenced by the fact that it wasn't as adversely affected by the slowed-down global economy and depressing performance of tech stocks. It only lost about 25% of its value throughout 2022.

Heading into 2023, MELI stock was selling more than 40% below the current all-time high set in early 2021. Taking into account the fact that MercadoLibre had one of its best years in 2022, you can be certain that MELI stock is grossly undervalued. This makes it one of the best stocks to buy in 2023 in anticipation of a strong rebound as soon as the market stabilizes and tech industry stocks start recovering.

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Advanced Micro Devices (AMD) – Fast Rising and Most Traded Stock   

Two crucial factors make Advanced Micro Devices the best stock to buy right now. First is the fact that it is one of the most traded stocks in the US, which makes it one of the best investments for active traders. Secondly, it makes it here because the fast-paced growth it has recorded over the past five years has only helped it lay the base for an even more promising future.

Fast Rising and Most Traded Stock  

After a depressing stock performance for more than two decades, during which time AMD failed to break above $50, the tech company started its recovery in 2018. In the five years leading to the first quarter of 2023, for example, AMD stock rallied 800%+. And our analysts are confident that this could be north of 1000%+ were it not for the 60% dip in the 12 months leading to December 2022.

Much of these gains could be attributed to a change in leadership and business model introduced by the current company CEO – Lisa Su. It could also be largely attributed to the competitiveness of AMD's new processors that have been able to the performance gap with competitor semiconductor chips. Even more importantly, we note that advancements in the computing niche, especially in the Gaming, AI, and electric vehicle industries, have all fueled the demand for AMD chips.

Moving forward, our analysts anticipate the soaring demand for AMD chips, a recovering stock market, and rebounding tech industry stocks to trigger a recovery for AMD stock. These, and the 'Strong Buy' consensus rating that AMD has received so far, only affirm our conviction about AMD being one of the most popular stocks to buy in May.

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Are Shares Worth Investing in 2023?

Shares are one of the oldest, most reliable, and most lucrative financial instruments. For over a century, stock investing has been relied upon by countless individuals to build generational wealth. Below, we look at some of the reasons why millions across the world invest in shares and why stocks are worth buying right now:

Capital appreciation

Shares are worth investing in today because they provide users with a safe and reliable means of growing their capital. The share investing industry has maintained an overall uptrending direction, with some stocks – like Amazon – posting overall ROI in excess of 100000%.

Regular passive income

In addition to growing your capital, you will also want to invest in stocks if you are looking for a regular and reliable source of passive income. The majority of companies that we have discussed hereinabove distribute dividends to their shareholders on a regular basis – quarterly for Apple.

Investment diversification

You may also want to invest in shares as a way of diversifying your investment. This means that if you already are invested in such risky assets as crypto as well as low-risk but low-reward assets like treasuries, you may balance this portfolio with investments in moderately-risky but rewarding stocks.

Inflation hedge

Shares investing is a better inflation hedge than such other capital preservation and growth options as bank savings or treasuries. In most instances, the ROI of your preferred stock or index will outpace inflation – which cannot be said of government securities and bank savings.

More rewarding than other investing options

You may also consider buying shares and not such other investment options as CD rates and government securities because stocks often have a higher ROI. This is evidenced by the fact the S&P index has consistently outperformed both the government securities and interest from fixed deposit/savings accounts.

How to Find the Best Shares to Buy in May 2023

How to Find the Best Shares to Buy

There currently are thousands of listed stocks in the country, which complicates the process of finding the best shares to buy in May 2023. To help you get started with share investing, though, here are a few factors to consider when searching for a stock that best serves you:

  • Investing goals: Decide if you want to grow capital, earn regular dividends, or both and proceed to pick a stock that aligns with this investing goal.
  • Historical performance and future outlook: You will only want to invest in a profitable stock. Asses this by examining how it has performed in the past and studying both the company's and expert analysts' guidance about its future outlook.
  • Financial health: A company's revenues, cash flow, net income, sales volumes, and similar critical finance metrics play a key role in determining investor confidence in the brand, which has a direct impact on the direction of its share price.
  • Forecasted long-term growth: You will also want to only invest in a brand with a hugely promising future. This, too, has a significant implication on the direction of the stock price.
  • Sector/industry performance: Investing in a profitable and promising company is not enough, ensure that it also operates in a fast-growing and hugely promising sector of the economy. The sectoral/industry performance will also have a direct impact on a stock's price direction.

You now know how to pick the best shares to buy right now. But even before you can start vetting these stocks, you need to learn how to find these stocks. Below are a few suggestions on the best places to find stocks worth investing in today:

Follow the news

Financial news, both on the mainstream media and the dailies, will give you an idea of the best-performing stocks or sectors of the economy. Conduct thorough research on any of the news recommendations before investing in them.

Invest in industries you work in

If you aren't sure where to begin with, stock investing, start investing in the industry in which you operate. This makes stock and investment analysis easier as you can easily tell how different industry news will impact industry stocks.

Listen to experts

You may also consider listening to or consulting expert analysts and stock investors. Most of these provide free analysis on mainstream media, social media, and their personal online platforms. You may also engage professionals who charge a small commission/fee to help you create a personalized stock portfolio.

Consult online stock investing forums

There also are multiple stock investing platforms – including Reddit forums – where you can engage other investors and analysts. Here, you get to brainstorm on the best shares to invest in right now.

Follow global trends

You may also seek guidance from global political and economically influenced trends. Most of these are easy to analyze and determine the affected stocks or industries. The Russia-Ukraine war, for instance, has had a significant impact on energy stocks.

Building Your Shares Portfolio

Building Your Shares Portfolio

From the list of stocks that we have discussed above, you will notice that we have shared different types of shares. These include growth stocks, value stocks, others best suited for regular passive income, and even some for active traders. These present any investor with the perfect blend of shares that they may use to build their portfolio.  

When creating a shares portfolio, start by deciding your investing goals. Decide if you wish to invest in growth stocks or value stocks, are simply looking for stocks that offer maximum consistent passive income, or want to blend them all. You will also need to constantly monitor this portfolio so as to rebalance it by adding the more promising stocks and removing the ones that perform poorly.

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Where to Buy the Best Shares Right Now

The share investing industry isn't short of massively popular and hugely reliable online stock brokerages where you can buy and sell stocks easily and at highly competitive fees. If you are looking for the best place to buy most of the shares that we have discussed hereinabove, we recommend using the all-popular and highly reputable eToro brokerage.

eToro – Buy The Best Shares Today

Best Share Broker

eToro is an online stock brokerage started in 2007. Over time it has morphed into one of the most popular online trading platforms in the world, famed for such features as its user-friendliness, quick client onboarding process, and straightforward stock investing process. 

We also liked investing in shares via eToro because of its affordability. You, for instance, only need to deposit a minimum of $10 before you can start buying shares. This deposit can be made via one of the many supported payment options, including PayPal, credit cards, debit cards, Skrill, Neteller, bank wire transfers, and even ACH checks. Furthermore, the eToro doesn't charge a broker commission, and you will only have to part with a highly competitive spread. 

You don't even need to be an experienced shares analyst or investor to start making money buying shares on eToro. Their social trading tool lets you interact with experts and other investors on the platform and gain investing ideas. The copy trader tool, on the hand, allows copy traders to copy trade settings and portfolios of highly successful investors. 

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How to Invest in the Best Shares for Beginners – Step-by-Step Guide

Have you decided on the best stocks to buy right now and are ready to start investing? Follow the beginner's guide to shares investing below, which provides you with a step-by-step guide to investing in online shares today. 

Step 1: Create a shares investor Account

Create a shares investor Account

On your browser, open the official eToro website or download the eToro mobile trading app. Click on the 'Join Now' button and complete the user registration form that pops up here. You will also need to choose a unique username and set a strong password for this account. 

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Step 2: Verify identity

Since eToro is a multi-regulated brokerage, it is required to subject all its clients to KYC/AML checks. The broker will, in this regard, ask for your source of income and also require you to submit a copy of a government-issued identification document (passport or driver's license). 

Step 3: Fund the account

Log into the approved share trader account and hit the 'Deposit Funds' icon. From the funding tab that pops up, click on your preferred payment method and follow the prompts to fund this account. 

Step 4: Identify the stock to invest in 

search for stocks

Once the payment reflects in your trader account, tap on the 'Discover' icon to reveal all the supported financial instruments. Choose 'Stocks' and proceed to identify any of the best stocks worth buying right now. 

Step 5: Start buying shares

amazon stock, best shares to buy

After identifying the stock, you wish to invest in, tap on the 'Buy' option and proceed to customize this investment on the trading tab that pops up. Indicate the number of shares you intend to buy or the amount you wish to invest. Click on the 'Open Trade' button to execute the investment. 

Conclusion – Best Shares to Buy Right Now in May 2023

There goes everything you need to know about the best shares to buy right now. We started by telling you that there currently are thousands of popular and hugely promising shares being traded in the stock markets.

We then provided an overview of what our analysts consider the best 15 stocks to invest in in 2023 and why they are worth adding to your portfolio. We also told you where to buy shares today and what to look for when searching for the best stocks to invest in now. 

Want to invest in any of the popular stocks worth buying that we have discussed above? Follow the step-by-step guide that we have described hereinabove. 

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Guides To Buying Best Shares

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

FAQs Best Shares May 2023

Which is the best stock to invest in today?

Tesla has to be the best stock to buy right now because of three key factors. First, the technology stock is trading well below its all-time high, which means that it still has room to rally. Secondly, Tesla has a hugely promising future. And lastly, Tesla operates in the fast-rising tech and renewable energy industries.

How do I buy the best shares right now?

Start by going through the list above and deciding the best stock to invest in today. Then create an account with eToro, fund this account, fund the stock, and place a buy order.

What are the best places to buy shares in the US?

We would recommend buying shares on the all-popular and highly reputable eToro brokerage. It has an easy client onboarding process, an intuitive trading interface, a straightforward investing process, and it is home to 3000+ local and international shares.

Will the stock market recover in 2023?

No one can tell with utmost accuracy when the stock market will recover. In the several months leading to 2023, most analysts were predicting a global recession, and the collapse of banks like SVB could be its trigger - the first domino.

How much do I need to start investing in shares today?

The minimum you can invest in shares will mostly be determined by your preferred stock brokerage - in the form of a deposit/trade minimum. In the case of eToro, you only need $10 to start investing in shares.