10 Best Stocks to Buy Right Now
Observing the current trends in the stock market has been challenging. The Federal Reserve is making moves to curb high inflation rates, and many financial experts concur that an economic downturn could be on the horizon. Unsurprisingly, these developments have affected the market. Notable indices like the S&P 500, the Dow Jones Industrial Average, and the Nasdaq composite have experienced significant downturns. In situations like this, it can be daunting to determine which stocks to invest in, if at all. Yet, even in an environment that feels like navigating through turbulent waters, there are promising opportunities to seize.
Top 10 Stocks to Invest In Now
- Amazon.com, Inc. (NASDAQ: AMZN)
- Alphabet Inc. (NASDAQ: GOOGL)
- Meta Platforms Inc (NASDAQ: META)
- H&R Block Inc (NYSE: HRB)
- ASML Holding NV (NASDAQ: ASML)
- Tesla: (NASDAQ: TSLA)
- Apple: (NASDAQ: AAPL)
- Duke Energy Corp (NYSE: DUK)
- Microsoft Corp (NASDAQ: MSFT)
- NVIDIA: (NASDAQ: NVDA)
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1. Amazon.com, Inc. (NASDAQ: AMZN)
Best for Risk-Tolerant Investors
Tech stocks like Amazon are likely the last pick you’d expect to find on this list. The company operates in a highly cyclical industry and has given up about a third of its value this year alone.
There’s no question that some AMZN investors are frustrated beyond words at this point, but that’s often the best time to buy.
Amazon is an e-commerce giant with a clear ability to weather economic storms. The company’s share price didn’t even flinch in the face of the COVID-19 pandemic, likely because it benefited greatly from stay-at-home orders and store closures.
That’s not the first crisis the company has faced. Although it had its ups and downs, the company’s strong fundamentals carried it through the dot-com bubble burst and the Great Recession. And though the stock may be trading down at the moment, that trend isn’t likely to last forever.
If history is any indication, the company will be sailing toward all-time highs again in no time flat.
The company also has the potential to bounce back to greatness as fears settle. Throughout the majority of its existence, Amazon has focused on razor-slim margins in the e-commerce space.
However, its newer Amazon Web Services (AWS) cloud computing offering is anything but a thin-margin offering. Margins on the AWS business are so big that they’re pushing the company’s average margins to the roof.
All told Amazon does face some economy-related headwinds ahead, but it’s nothing the company hasn’t already proven to be perfectly capable of handling.
If you’re risk-tolerant enough to hold on through what may be a short-term rough patch and wise enough to dollar-cost average in the bear market, AMZN is a stock that’s worth your consideration.
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https://www.moneycrashers.com/best-stocks-buy-invest-now/
