Top 10 Stocks to Watch in March,2023
If you're looking for stocks to invest in for the long term, then this article is for you. With thousands of publicly traded companies to choose from, it's easy to feel overwhelmed when trying to decide where to invest your money. That's why we've compiled a list of the top 10 stocks to watch in 2023. These stocks have been carefully selected based on their potential for growth and stability, making them excellent additions to your portfolio.
Introduction
• Why investing in stocks is important
• What makes a stock a good investment
• The impact of the recent market downturn on stock prices
Caveats
•Personal financial situation
•Long-term investments
•Diversification
The 10 Best Stocks to Buy in March 2023
1. Etsy (ETSY 4.24%), $13 billion
2. Pinterest (PINS 2.44%), $18 billion
3. Realty Income (O 1.28%), $41 billion
4. Block (SQ -11.85%), $45 billion
5. Shopify (SHOP 3.85%), $56 billion
6. MercadoLibre (MELI 3.74%), $60 billion
7. Intuitive Surgical (ISRG 2.42%), $83 billion
8. Walt Disney (DIS 1.78%), $170 billion
9. Berkshire Hathaway (BRK.A 0.35%)(BRK.B 0.49%), $651 billion
10.Amazon (AMZN 2.14%), $1.0 trillion
Elevator pitches for each stock
Now that you've seen my top 10 best stocks to buy now, you may be wondering why I picked each company. Here's a quick rundown of why I'm such a fan of each as long-term stocks to invest in.
1. Etsy
Etsy has experienced exponential growth during the pandemic, with a 144% increase in marketplace sales volume in Q4 2022. The platform's unique offerings and strong brand have made it a powerful competitor against e-commerce giant Amazon. Etsy's market opportunity is in the hundreds of billions of dollars, with only $13 billion in sales in 2022. Despite a recent downturn, long-term investors could benefit from its potential growth.
2. Pinterest
Pinterest stands out as a positive social media platform focused on ideas rather than people. While the company faced a decline in users post-pandemic, it has resumed growth and has significant potential for long-term user growth and monetization. As it pivots towards incorporating e-commerce into its platform, Pinterest's advertising and product placement potential could lead to substantial rewards for patient investors.
3. Realty Income
Realty Income is a well-rounded stock for long-term investors, with investments in recession-resistant, single-tenant retail properties. Its triple-net lease structure provides a predictable income stream, and the company has outperformed the S&P 500 since its 1994 listing. Realty Income has paid over 600 consecutive monthly dividends and increased its payout for 102 quarters in a row.
4. Block (formerly Square) has expanded from a payment processing hardware company to a full financial ecosystem for merchants and individuals. With $186 billion in payment volume over the past four quarters and the Cash App boasting 51 million monthly active users, Block offers person-to-person money transfers, direct deposits, debit cards, and the ability to buy and sell stocks and Bitcoin. Block has also acquired music app Tidal and Afterpay, and with potential growth verticals, it earns a spot on the list of best stocks to buy in 2023.
5. Shopify allows businesses of all sizes to sell their products online and offers a subscription plan starting at $39 per month, along with payment processing solutions and logistics. With more e-commerce sales than any other company except Amazon and an estimated $153 billion market opportunity, Shopify has the No. 2 share in the e-commerce market. As e-commerce makes up less than 15% of retail sales in the U.S., Shopify has network effect advantages over competitors, and its recent market downturn makes it a clear choice for the best stocks to buy in 2023.
6. MercadoLibre is often called the Amazon of Latin America, and it operates an e-commerce marketplace with a dominant presence in Brazil and Argentina. MercadoLibre also has a fast-growing payments platform called Mercado Pago, a logistics service called Mercado Envios, a business lending platform, and more. With $9.6 billion in merchandise volume and $140 billion in annualized payment volume, there is still plenty of room for growth. MercadoLibre could be a major long-term beneficiary as the e-commerce and fintech landscape in Latin America evolves.
7. Intuitive Surgical dominates the market for robot-assisted surgery with its da Vinci surgical system, which has an 80% market share worldwide. The "razors and blades" model generates a recurring stream of revenue, and with room to grow as the adoption of robot-assisted surgery increases in international markets, Intuitive Surgical is an excellent long-term investment opportunity.
8. Disney:
Disney has a diversified portfolio that includes theme parks, movies, and streaming services. Although the pandemic impacted its theme park and movie businesses, the company's streaming service, Disney+, has exceeded expectations, surpassing its initial five-year goal in less than four years with over 160 million subscribers. In 2023, Disney's revenue has surpassed comparable pre-pandemic times due to initiatives that have increased per-guest spending. With its strong intellectual property portfolio, cash-machine theme park business, and a focus on the profitability of its streaming platforms, Disney is a safe stock with tremendous profit growth potential.
9. Berkshire Hathaway:
Berkshire Hathaway is a collection of about 60 subsidiary businesses and a portfolio of common stocks worth over $320 billion. Its holdings include household names such as GEICO, Duracell, and Dairy Queen, as well as stakes in companies like Apple and Bank of America. Led by legendary investor Warren Buffett, Berkshire has a history of producing market-beating returns and is stress-proofed to ensure its long-term success. Although Buffett won't be at the helm forever, his faith in the company is evident through regular share buybacks.
10. Amazon:
Amazon dominates the U.S. e-commerce market with $500 billion in gross merchandise sales last year, and its Amazon Web Services cloud platform is also a market leader. While e-commerce adoption is still far from its peak, and the cloud industry is expected to quadruple in size to a $1.6 trillion market by 2030, Amazon also has potential in other areas such as healthcare, grocery stores, and neighborhood markets. With its strong market position and potential for growth, Amazon is a solid choice for long-term investors.