Stock Exchange

Best stocks to purchase right now in 2023

4 Mins read

Here are a dozen of stocks to purchase right now to profit from the secular growth trends of 2022 and beyond!

Many of the stocks on the list have been battered down from past highs, but I believe they are all well positioned for 2022 and beyond. There is no particular order to these stock recommendations.

Best stocks to purchase right now in 2022

Here below, according to our expert analysis, are the best stocks to purchase right now in 2022 and beyond. moreover, as you invest, invest money you would not bother too much of if lost. all business has their own profit and loss, and so is the stock market.

1. Cloud services and e-commerce

The following are the five main reasons why I believe Amazon (NASDAQ: AMZN) will recover in 2022:

Holiday sales are at an all-time high.

Amazon Web Services (AWS) is a cloud computing service (AWS)

Amazon’s online store

Employees and infrastructure

Historically, lagging performance has been part of a trend.

2. Cybersecurity and software-as-a-service (SaaS)

Few people would deny the significance of cybersecurity. Since the onset of the COVID-19 epidemic, cyberattacks have increased by more than 500 percent. Businesses spend billions of dollars to secure their data from data breaches and phishing tactics every year. However, most people do not consider cybersecurity awareness training a critical component of the answer.

KnowBe4 (NASDAQ: KNBE), a security awareness training firm that simulates phishing assaults to educate employees and prevent social engineering cybercrime, is the following stock selection. KnowBe4 is a highly scalable cybersecurity solution that focuses on an underserved segment inside the industry: the human layer. The organization uses machine learning and artificial intelligence to produce automated training sessions that include thorough reporting and analytics for decision-makers.

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3. International e-commerce and fintech

All around the world, digitalization is speeding up. As investors, can we take advantage of this secular growth trend?

Global internet acceptance, adoption, and digitalization are fast expanding, and the number of digital buyers is increasing year after year. Investing in MercadoLibre (NASDAQ: MELI) is a terrific way to gain exposure to Latin America, and the company is now trading at a discount following a recent drop.

4. The Metaverse

The metaverse has certainly been the biggest stock market issue in recent months. Roblox is one of the first names that springs to mind (NYSE: RBLX). Roblox is a platform that connects players and creators. The company’s goal is to make it possible for billions of people worldwide to have fun, learn, and play. 

stocks to purchase right now

Roblox is built on the backs of millions of developers who use Roblox Studio to create immersive “experiences.” Roblox is a top entertainment platform for individuals 18 and under, based on average monthly visits and playing time. On the other hand, Roblox is making an effort to appeal to an older demographic.

5. Artificial intelligence

Upstart (NASDAQ: UPST) has lost more than half of its value since its latest high of $401.49. This hot stock is artificial intelligence (AI) lending platform that collaborates with banks to challenge established lending procedures like FICO scoring. Upstart has reported a year-over-year (YOY) sales increase of 242 percent and a net profit margin of 12.73 percent in its most recent quarter. These are significant figures, but the stock was meticulously priced. Upstart, I feel, is priced attractively as a long-term investment at roughly $150.

Please see here for additional information on Upstart.

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6. Reopening stock

Every holding (NYSE: EVRI) is a potential “reopen” play that I wanted to include. Please watch this video for a 20-minute deep dive into EVRI.

7. Semiconductors, the “new oil.”

Since August of 2020, I’ve been calling semiconductors the new oil. Nvidia (NASDAQ: NVDA) has been a market leader, but will it continue to outperform? At these prices, it’s easy to see why some investors might avoid Nvidia. Since going public in 1999, the stock price has returned over 67,000 percent. A $10,000 investment would be worth around $6.7 million in today’s money. However, the company is running on all cylinders, and a check under the hood reveals a promising future, which can justify the premium share price. Nvidia is a part of almost every secular tailwind you can think of:

8. Cashless and buy now, pay later (BNPL)

PayPal (NASDAQ: PYPL) is an online payment service that allows users to send and receive money digitally worldwide. PayPal, created in 1998, is not a newcomer to the fintech world. Over the years, the company has expanded into a behemoth that now includes iZettle, Honey, Braintree, Venmo, Xoom, Hyperwallet, PayPal Credit, and more. It offers a “buy now, pay later” mechanism, which is covered in greater depth here.

9. Fintech

SoFi Technologies (NASDAQ: SOFI) is a one-stop-shop for everything personal finance and banking. 

stocks to purchase right now

SoFi is a fintech bet with a lot of long-term promise, offering everything from stock investing, cryptocurrency, credit cards, and student loans to auto loans, house loans, and more.

10. Big data, analytics, and cybersecurity

The more you learn about Palantir (NYSE: PLTR), the more you’ll find out. Palantir was examined in August, and I explored how it relates to cybersecurity. Of course, the corporation isn’t usually associated with cybersecurity stocks. After all, Palantir is a company that assists government agencies and businesses with data management and analysis. However, with the recent rise in hacking and high-profile security breaches, businesses are now confronted with complicated difficulties requiring sophisticated solutions.

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In comparison to most competitors, Palantir provides extremely safe data. It began as a corporation devoted solely to government clients, and therefore its products were created with security as a cornerstone. Palantir has a competitive advantage over commercially focused vendors because they can’t say the same.

11. International e-commerce, gaming, and fintech

In my opinion, Sea Limited (NYSE:SE) is a three-headed monster. The holding company is made up of the following entities:

Garena is a character in the film Garena (esports and mobile gaming)

Shopee is a website that allows you to buy things (e-commerce)

SeaMoney is a (financial technology)

Please see my prior video review for further information.

12. Electric vehicles and AI

In my opinion, Tesla (NASDAQ: TSLA) is the world’s best high-growth artificial intelligence company.

Tesla uses internal and external sensors and cameras to crowdsource data from vehicles and drivers. Tesla has lately begun to use the inside camera above the rearview mirror in the Model 3 and Model Y to guarantee that Autopilot drivers are paying attention. This is beneficial information. According to McKinsey & Co., the total addressable market (TAM) for automotive analytics will be worth $750 billion annually by 2030.

Conclusion

The future of these companies is promising, and they offer a lot of potential for success.    I would recommend investing in each of these companies and buying shares today to secure your future as an investor.

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