Invest In These Top 5 Stocks Could Make You A Fortune In 2023

Last Updated December 20th 2022
7 Min Read

The stock market is jam-packed with countless opportunities to secure a wealthy future for yourself. Deciding which stock to invest in is not a cakewalk but requires good research, knowledge, and capital. To help you out, these are the top 5 stocks to buy now which can pave the path to your millionaire future.

Best Stocks To Buy Now For Profitable Future Returns

There are five excellent stocks that are poised to reward their investors this year. Each of these stocks is the most compelling buy and is poised to reward you with a handsome future return in the long haul.

Here's the top 5 stocks could make you a fortune in 2023:

1. Walt Disney (DIS)

Disney is firing on all cylinders at the moment, and if you are looking for one of the best stocks to buy now that will help you secure a wealthy future, think no more. Investors are highly excited about Disney's future because of its release of the amazing rookie season at Disney +. 

The pandemic wave is settling down, and Disney is looking forward to reopening its parks, resorts, and cruise lines with all the safety measures. Once it reopens, there is no doubt that it will be jam-packed with flocks of Disney lovers, which will eventually boost its revenue and profit. The next real growth driver for Disney stock is going to be big-budget theatrical releases. 

Disney + is going to drive more than expected revenue as its subscribers have soared to almost 86 million now. If this figure continues to rise, the management expects to see a figure as high as 260 million by 2024, making it one of the best profitable stocks for the long haul. Disney's streaming service is growing at a significant rate, and there is no doubt that it is going to be one of the best stocks to own in 2023. 

2. Lemonade (LMND)

Lemonade is an insurance technology company that has soared to 1 million customers with just over four years in business. By leveraging artificial intelligence, technological advancements, and a customer-friendly approach, they intend to create an insurance experience seamless and more advanced. Their claims process is quick and pain-free, and creating your personalized insurance plan is just a matter of 90 seconds with their AI-powered application.

 Lemonade is rapidly gaining share in the homeowners, renters, and pet insurance markets amidst these unusual times and cost-savings. The company announces that it has just started testing a life insurance product. If the product successfully creates a quality customer experience for more than 1 million people, this stock could be a game-changer and one of the best stocks to buy now. 

Lemonade has no plans of stopping its growth, making it the best stock for the future run. Products like auto insurance are expected to be on the horizon, as mentioned by the management. In addition, the company is expanding its borders internationally with a successful launch in France in 2020.

In the coming months, this disruptive upstart has more plans to enter the $800 billion term life insurance market that will help them soar to profits. It's almost true here that when life gives you "lemons," squeeze them to own your future fortune with this profitable stock.

3. Advanced Micro Devices (AMD) 

Advanced Micro Devices have ascended to the limelight of the stock market with its unique features and proprietary products with the gallop of technology and innovations. This Silicon Valley startup is a global manufacturer of semiconductor devices that are used for high-performance computer processing in systems such as desktops, Pc's workstations, etc.

AMD was able to boost its growth during the pandemic with more people working and learning from home. There was a substantial sale of personal computers, and the worldwide PC shipments climbed over 13% over the year to 300 million in 2021. 

AMD's major focus is on graphics processing, enhancing the speed of rendering images, and data processing for large cloud and data center applications.

As technology is still in its advancing phase, companies like AMD are considerably the best stock to buy for securing good fortune in the future. Apart from this, AMD also produces chips for Sony's PlayStation 5 and Microsoft Xbox Series X consoles.

With the PC market expected to soar stronger in the coming years and the rapid sale of gaming systems worldwide, investors can expect a good return by investing in this profitable stock.  

4. Moderna (MRNA)

The pandemic years were indeed a hands-on and profitable year for Moderna, the biotechnology company. Moderna wasn't a popular name in the pharmaceutical sector until it introduced its messenger RNA (mRNA) technology and developed a vaccine that could play a significant part in slowing down the spread of COVID-19. The coronavirus vaccine gained authorization in a broad swath of countries, and it became the second company to win approval in a competitive race of dozens.

Moderna's coronavirus vaccine is unique in its content because it contains mRNA that pushes our body to produce a structure similar to the virus's spike protein. This will further trigger our immune system to create disease-fighting antibodies and T-cells that will protect us from the virus. 

This stock is now developing 24 other drug candidates, including potential vaccines for the seasonal flu and human immunodeficiency virus (HIV), with the cash generated from the COVID vaccine. Being such a visionary in the pharma sector, Moderna is one of the best stocks to buy now for future returns. 

5. Square (SQ)

Square is a payment and point-of-sale solution company that has shown tremendous growth over the past few years. The company had a huge demand during the pandemic and provided people services like Credit card processing, website building, and business financing. Along with helping its merchant customers grow their business, Square boosts up its profits alongside. 

The durability of economic expansion concerning its contractions, which will bode well for consumer spending, and the fact that Square receives its GPV from larger businesses with an annualized GPV of at least $125,000 makes it one of the best stock to buy now and for the foreseeable future. 

Square's extensively popular peer-to-peer payment platform, Cash App, plays a significant role as its growth driver. Between December 2017 and June 2021, Cash App's monthly active user(MUA) count surged from 7 million to more than 70 million people.

With the new norm of cashless transactions paving its way and the growth of Cash App, Square will generate a big chunk of profit in the coming years, and its shareholders are poised to benefit from it. 

The Bottom Line

2021 has brought with it a plethora of profitable opportunities within the stock market.

If you are planning to invest your hard-earned money in a dream to secure a wealthy future. Think no more because these are the best stocks to buy now that are poised to grow explosively in the future. 

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