This article is dedicated to stock market enthusiasts in the United States of America (USA) who want to grow their portfolios over the long term. I’ve come up with the top 20 best US stocks to invest in 2023. The companies listed here have a proven track record and will undoubtedly grow in the future. I have done a lot of research before writing this article to help my audience build a strong portfolio with lucrative returns. When buying a stock for investment purposes, you must do thorough research and check if that stock fits your portfolio or not.
So, we did the research for you and compiled this list of the top 20 US stocks you can buy confidently. We have targeted the various factors that make our picks the top choice. The factors on which we focused are solid fundamentals, stock performance compared to its peers, huge profit returns, and dividends. Let’s start the new journey with us!
Top 20 Best US Stocks to Invest Right Now:
- Apple Inc.
- Microsoft Corp. (MSFT)
- Alphabet Inc. (GOOG, GOOGL)
- Meta Platforms Inc. (META)
- Visa Inc.
- Tesla Inc.
- JPMorgan Chase &Co.
- Advanced Micro Devices Inc.
- Berkshire Hathway
- ASML Holdings NV
- Netflix Inc.
- Alibaba Group
- Taiwan Semiconductors Manufacturing Co.
- Walmart Inc.
- Target Corp.
- QUALCOMM Incorporated
- Walt Disney Company
- Oracle Corp.
Apple Inc. (Ticker AAPL)
One of the most recognizable brands in the world, Apple Inc. was founded by Steve Jobs and Ronald Wayne on April 1st, 1976. It is an American global corporation founded in 1977 that offers online services, software services, and computer hardware. Apple inc. was valued at over $2.4 trillion and has a P/E ratio of 24.54 and is led by Timothy Cook, who is the CEO. The company’s revenue rose from $8 billion in 2004 to $275 billion in 2020. Product-wise, the company made Macintosh, the iMac PCs, iMacs, the iPad, Macbooks, iPads, iPhones, Apple Watch and Apple TV among other peripherals and accessories. The business is touted as being the first American publicly traded corporation to surpass a $1 trillion valuation in 2018. In August 2021, Apple Inc. was valued at $2.1 trillion, and in January 2022, it was valued at $3.1 trillion. It is traded as NASDAQ:AAPL, Nasdaq-100 component, DJIA component, S&P 100 component and S&P 500 component. Currently, Apple Inc. has a market cap as of Nov. 2022 is $2381.45 Billion. It has a P.E ratio of 24.54. Apple Inc.’s stock is currently selling for $150.72.
Microsoft Corp. (Ticker: MSFT)
Microsoft Corp. is an American technology giant founded by Bill Gates and Paul Allen. It became one of the most triumphant and dominating companies in the technology space. In the PC market, its Windows Operating System holds a market share of more than 70%. It is the second corporation, only after Apple, to reach the $2 trillion market capitalization milestone thanks to strong fundamentals. Microsoft is currently active in a variety of industries, including hardware, consumer electronics, cloud computing, social networks, and software development. The more than 125 subsidiaries that Microsoft manages, including LinkedIn Corporation, Xbox Game Studios, MSN Autos, Hotmail, and numerous more mergers and acquisitions, demonstrate the size of its activities.
In 2018, following Amazon and Apple, it was the third corporation to reach a market capitalization of $1 trillion. Key financials of Microsoft are as follows: Microsoft Corp. reported revenue of $203.075 billion as of September 30, 2022, which is increasing @15.22% year over year, posting an operating income of approx. $80 billion and a net income of approx. $75 billion. Therefore, its diluted EPS was $8.05 as per GAAP. It is traded as NASDAQ: AAPL, Nasdaq-100 component, DJIA component, S&P 100 component, and S&P 500 component. Currently, Microsoft Corporation has a market cap of $1.80 trillion. It has a P.E ratio of 26.05. The shares of Microsoft Corporation are trading at $241.68.
Amazon (Ticker : AMZN)
Amazon formally known as Cadabra Inc. is an American giant company founded by Jeff Bezos on July 5, 1994, in Washington, United States. The company reported net sales of $127.1 billion in the third quarter of 2022 fiscal, registering a jump of 15% from $110.81 billion in the same period last year. The tech giant has been ranked in 2nd position on the Fortune 500 Companies List and 6th position on the 2022 Forbes Global 2000 Companies List. Currently, Amazon has a market cap of $967.63 billion as of November 2022. It has a P.E ratio of 86.95. The shares of Amazon.com Inc. are trading at $94.85.
Alphabet Inc. (Ticker: GOOG, GOOGL)
Alphabet Inc. is an American multinational brand founded in 2015 in California, United States, by Larry Page and Sergey Brin, by restructuring the famous search engine Google. Alphabet’s revenue was $282.113 billion as of September 30, 2022, with an increase of 17.94% from last year. In the US, the company has its stocks listed on the NASDAQ in 2 classes – Class A (GOOGL) and Class C (GOOG). The Class A shares are intended for investors and come with one voting right per share, whilst the Class C shares are typically held by employees and do not come with any voting rights. The company has claimed the 8th position in the 2022 rankings of the Fortune 500 companies and the 11th spot on the 2022 list of Forbes Global 2000 Companies. Currently Alphabet Inc – Class A has a market cap of $1.27 trillion. It has a P.E ratio of 19.63. The shares of Alphabet Inc – Class A are trading at $98.36.
Meta Platforms Inc. (Ticker: META)
Meta Platforms Inc. doing business as Meta and formally named Facebook Inc. Facebook enables people to connect, share, discover, and communicate with each other on mobile devices and personal computers throughout the world. Founded in 2004 by Mark Zuckerberg, the company is headquartered in Menlo Park, CA. Its Market Capitalization is $295.52 billion with a PE ratio of 10.79. The shares of Meta Platforms Inc. are trading at $111.45.
Visa Inc. (Ticker: V)
Visa Inc. is an American multinational specializing in global payments technology. Its primary aim is to promote digital currencies among consumers, businesses, banks, and governments through electronic funds transfers throughout the world. It has expanded its network into 200 nations and territories, making it a leader in digital payments worldwide. The company offers three different types of cards: Credit cards, Debit cards, and Prepaid cards. It also partnered with Apple in 2014 to introduce a wallet feature to iPhones. The regional firm’s Visa Canada, Visa International, and Visa USA joined forces with it to form the publicly traded company Visa Inc. One of the biggest IPOs in American history took place for the corporation in 2008. 110 billion transactions were made in 2015 alone. It even acquired Visa Europe in 2016, creating a single global company.
There are currently 3.7 billion Visa cards on the market with 210 billion payment transactions and more than 75 million merchant locations worldwide. As of 2022, the company had over 26,500 employees and annual revenue of around $29.3 billion with an increase of 22% year over year. The company entered the cryptocurrency market in Nov.2021 The company also announced the acceptance of the coin USDC on its network. Currently Visa Inc – Class A has a market cap of $436.50 Billion. It has a P.E ratio of 27.96. The shares of Visa Inc – Class A are trading at $210.99.
Tesla Inc. (Ticker : TSLA)
Tesla Inc. is an American electric automobile manufacturer founded in 2003 in California, the United States, by Elon Musk, who recently bought Twitter. Tesla is currently the world’s largest automobile manufacturer in value by crossing $1 trillion in market cap. In 2010, the business made its initial public offering (IPO) and was listed on NASDAQ under the ticker TSLA. Tesla’s revenue as of September 30, 2022, was $21.45 billion, a 55.9% increase year over year. Currently, Tesla Inc has a market cap of $573.96 billion. It has a P.E ratio of 57.75. The shares of Tesla Inc are trading at $183.17.
NVIDIA Corp.(Ticker : NVDA)
NVIDIA Corporation founded in 1993 is an American Multinational company is a leader in graphics processing units (GPU) for a plethora of computing platforms. It is traded as NASDAQ: NVDA, Nasdaq-100 component, DJIA component, S&P 100 component, and S&P 500 component. Currently, NVIDIA Corp has a market cap of $390.36 Billion. It has a P.E ratio of 52.13. The shares of NVIDIA Corp are trading at $156.77.
JPMorgan Chase &Co.(Ticker : JPM)
JP Morgan Chase is the oldest financial institution in the United States. JP Morgan is one of the leading companies in providing financial services to the world’s most essential corporations and institutions. JP Morgan Chase was ranked 24th in the Fortune 500 list as of 2022 and become the largest bank in the United States by market capitalization. Early in 2018, the business declared that by 2023, it would have invested $1.75 billion in the capital. Currently, JPMorgan Chase & Co. has a market cap of $388.77 billion. It has a P.E ratio of 11.43. The shares of JPMorgan Chase & Co. are trading at $132.52.
Advanced Micro Devices Inc.(Ticker : AMD)
AMD is engaged in manufacturing semiconductor devices used in computer processing. AMD also makes motherboards, flash memory, and microprocessors in addition to semiconductors. Currently, AMD is operational in 24 countries. In 2021, AMD reported a revenue income of $16.4 billion, a 68.3% increase from 2020, with a net income of $3.20 billion. Currently, Advanced Micro Devices Inc. has a market cap of $119.15 billion. It has a P.E ratio of 23.14. The shares of Advanced Micro Devices Inc. are trading at $73.90.
Berkshire Hathway (Ticker : BRK.A, BRK.B)
In addition to insurance and reinsurance, utilities and energy, freight rail transportation, manufacturing, retailing, and services, Berkshire Hathaway and its subsidiaries operate in a variety of other activities. The company’s common stock is listed on the New York Stock Exchange under the tickers BRK. A and BRK.B. Its CEO is Warren Buffett, Berkshire Hathaway Inc. Hld B (BRK.B) share price today is $306.45, with a Market cap of $676.91 billion.
ASML Holdings NV (Ticker : ASML):
ASML Holding NV is a Dutch multinational brand founded in 1984. ASML Holding NV is listed on Nasdaq and traded as Euronext Amsterdam: ASML, Nasdaq: ASML, Nasdaq-100 component, AEX component. In 2021, the company reported net revenue of $22.01 billion. Currently, ASML Holding NV – New York Shares has a market cap of 233.86 Billion euros. It has a P.E ratio of 40.21. The shares of ASML Holding NV – New York Shares are trading at 573.8 euros.
Netflix Inc. (Ticker : NFLX)
Netflix Inc. is an American OTT subscription streaming service and production company founded in 1997 in California, United States. It is currently one of the world’s top entertainment services, with its presence in more than 190 countries with over 222 million paid subscribers as of Sept. 2022. The popular media-streaming platform posted revenue of $8 billion in the third quarter of 2021, registering a jump of 18% on a year-on-year basis. The company also reported a 35% increase in operating income, which climbed to $1.80 billion in 2021 Q3. Currently, NetFlix Inc has a market cap of $131.41 billion. It has a P.E ratio of 27.54. The shares of NetFlix Inc are trading at $295.28.
Alibaba Group (Ticker : BABA)
Alibaba Group Holding Limited is a Chinese multinational technology company, regarded as one of the world’s largest retailers and e-commerce brands, Alibaba is one of the fastest-growing e-commerce markets, with transaction value exceeding Amazon and eBay combined. Founded on 28th June 1999 by Jack Ma. Alibaba launched one of the largest initial public offerings (IPOs) in history in September 2014 when it released its public offering and raised $25 on the New York Stock Exchange. Alibaba became the second Asian business to hit the US$500 billion value milestone in January 2018 after its rival Tencent. At this time, Alibaba Group Holding Ltd. is worth $323 billion. The price of the company’s ADRs is $114.64. Currently, Alibaba Group Holding Ltd – ADR has a market cap of 1.67 trillion HKD. It has a P.E ratio of 34.43. The shares of Alibaba Group Holding Ltd – ADR are trading at 79.95 HKD.
Taiwan Semiconductors Manufacturing Co. (Ticker : TSM)
Taiwan Semiconductor Mfg Co Ltd listed itself on the Taiwan stock exchange in 1993 and became the first Taiwanese company to list itself on the (New York Stock Exchange) NYSE in 1997. Currently, Taiwan Semiconductor Manufacturing has a market cap of 12.63 trillion TWD. It has a P.E ratio of 15.45. The shares of Taiwan Semiconductor Manufacturing are trading at 487 TWD.
Walmart Inc (Ticker : WMT)
Located in the United States of America (USA), Walmart is a global retailer. With its corporate office in Arkansas, the USA, it is a chain of supermarkets, grocers, and department shops. Walmart’s 2022 annual sales of $572.7 billion, up 3% from 2021, were reported by Fortune Global 500. In terms of revenue, the business is regarded as the biggest in the world. In addition to the New York Stock Exchange, the corporation is listed on NASDAQ. Currently, Walmart Inc has a market cap of $401.71 Billion. It has a P.E ratio of 29.93. The shares of Walmart Inc are trading at $148.
Target Corp. (Ticker : TGT)
Target Corporation is an American big box departmental store chain with HQ in Minnesota. It is the 7th largest retailer in the United States. It is traded as NYSE: TGT, S&P-100 component, S&P- 500 component. Target Corp. has a market cap of $74.57 billion with a PE ratio of 13.10. The shares of Target Corp. are trading at $162.1.
QUALCOMM Incorporated (Ticker: QCOM)
Qualcomm Inc. is a leading name in the wireless technology and semiconductor industry, HQ in San Diago. In 2021, the company posted a GAAP revenue of $33.8 billion, which was a step up from the $23.8 billion posted in 2020. The non-GAAP revenue stood at $33.5 billion. The GAAP EPS (Earnings Per Share) was reported at $7.87/share, while the non-GAAP EPS was $8.54/share. In 2021 fiscal, the revenues generated by each of these segments stood at $27,019 million, $6325 million, and $45 million, respectively. Currently, Qualcomm, Inc. has a market cap of $137.73 billion. It has a P.E ratio of 10.95. The shares of Qualcomm, Inc. are trading at $122.86.
Walt Disney Company (Ticker: DIS)
Walt Disney Co. is a multimedia international company based in America. Walt Disney and Roy O. Disney established this business in 1928 under the name “Disney Brothers Cartoon Studio.” In 1993, the business paid $19 billion USD to merge with Capital Cities/ABC Inc. to buy Miramax Films. For about US$5.2 billion, it acquired Fox Family Worldwide in 2001. Currently, Walt Disney Co. has a market cap of $166.72 billion. It has a P.E ratio of 54.63. The shares of Walt Disney Co. are trading at $91.45.
Oracle Corp. (Ticket: ORCL)
Oracle Corporation is the second-biggest provider of business applications and the leading provider of database software in the world. Cloud and licensing support revenues rose 5% to $7.3 billion. Revenues from the cloud and on-premise licenses both increased by 4% to $1.3 billion. Currently, Oracle Corp. has a market cap of $213.54 billion. It has a P.E ratio of 37.95. The shares of Oracle Corp. are trading at $79.20.
The stocks mentioned above have been fully researched and practically used by me as an investor. The article is purely written by me as per my own experience and research. It should never be considered as professional advice, as it is a matter of your hard-earned money and always do your own research and study a lot about the market every day. One thing, I can promise is if you invest for a long time for more than 5 or 10 years you will definitely have some lucrative returns in your pocket. Every investor has their own portfolio which includes different risks, goals, and tolerance. So, risk only those money, you are not afraid to lose. I have no contacts with all the companies mentioned above.
Note : Be a long term investor.