It's not an easy time to be an investor, and if you're feeling conflicted about the stock market right now, you're not alone. The COVID-19 pandemic has caused unprecedented economic disruption, and the resulting uncertainty has left many investors wondering where to turn. Although stock market corrections can be painful in the short run, they're a normal part of long-term investing. Since the beginning of 1950, the S&P 500 has experienced 38 corrections of at least 10%, and yet the index has still delivered an average annual return of 10% over that time period.
If you're looking for a way to navigate the current market environment, one strategy is to focus on strong buy stocks with long-term growth potential. In this article, we will discuss the 16 best strong buy stocks to invest in. If you want to explore similar stocks, you can also take a look at the CNBC Stock Screener tool.
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Amazon (NASDAQ:AMZN): Amazon is one of the world's largest online retailers, and the company has seen tremendous growth over the past decade. With a market cap of over $1.6 trillion, Amazon is well-positioned to continue dominating the e-commerce space.
Apple (NASDAQ:AAPL): Apple is one of the most valuable companies in the world, with a market cap of over $2.1 trillion. The company's iPhone remains a top seller, and Apple's ecosystem of products and services continues to expand.
Alphabet (NASDAQ:GOOGL): Alphabet, the parent company of Google, is one of the world's largest technology companies. With a market cap of over $1.2 trillion, Alphabet is a dominant player in the online advertising space.
Microsoft (NASDAQ:MSFT): Microsoft is one of the largest technology companies in the world, with a market cap of over $1.7 trillion. The company's cloud computing and productivity software businesses continue to drive growth.
Facebook (FB): Facebook is the world's largest social networking platform, with a market cap of over $800 billion. The company's advertising business has been a major driver of growth, and Facebook is also investing in emerging technologies like virtual and augmented reality.
Tesla (NASDAQ:TSLA): Tesla is a leading electric vehicle manufacturer, and the company's stock has seen explosive growth over the past year. With a market cap of over $800 billion, Tesla is well-positioned to benefit from the shift towards electric vehicles.
NVIDIA (NASDAQ:NVDA): NVIDIA is a leading manufacturer of graphics processing units (GPUs) for gaming and other applications. The company's stock has seen impressive growth over the past year, and NVIDIA is also investing in emerging technologies like artificial intelligence.
Mastercard (NYSE:MA): Mastercard is one of the world's largest payment processing companies, and the company's stock has seen steady growth over the past decade. With a market cap of over $330 billion, Mastercard is well-positioned to benefit from the shift towards digital payments.
Visa (NYSE:V): Visa is another major player in the payment processing space, with a market cap of over $500 billion. The company's stock has seen strong growth over the past decade, and Visa is also investing in emerging technologies like blockchain.
Johnson & Johnson (NYSE:JNJ): Johnson & Johnson is a leading healthcare company, with a market cap of over $400 billion. The company's strong brand and diverse product portfolio have helped to drive steady growth over the past decade.
Pfizer (NYSE:PFE): Pfizer is one of the world's largest pharmaceutical companies, with a market cap of over $200 billion. The company's COVID-19 vaccine has been a major driver of growth, and Pfizer is also investing in other areas like oncology and rare diseases.
JPMorgan Chase (NYSE:JPM): JPMorgan Chase is one of the largest banks in the world, with a market cap of over $450 billion. The company's strong balance sheet and diverse business lines have helped to drive steady growth over the past decade.
Goldman Sachs (NYSE:GS): Goldman Sachs is a leading investment bank, with a market cap of over $120 billion. The company's strong brand and diverse business lines have helped to drive steady growth over the past decade.
Berkshire Hathaway (NYSE:BRK.A): Berkshire Hathaway is a conglomerate holding company led by legendary investor Warren Buffett. With a market cap of over $600 billion, Berkshire Hathaway's diverse portfolio includes major investments in companies like Apple and Coca-Cola.
Disney (NYSE:DIS): Disney is one of the largest media and entertainment companies in the world, with a market cap of over $300 billion. The company's strong brand and diverse portfolio of properties have helped to drive steady growth over the past decade.
NIO (NYSE:NIO): NIO is a leading Chinese electric vehicle manufacturer, and the company's stock has seen explosive growth over the past year. With a market cap of over $100 billion, NIO is well-positioned to benefit from the shift towards electric vehicles in China.
Investing in strong buy stocks can be a great way to build long-term wealth, but it's important to remember that there are no guarantees in the stock market. Join CNBC Pro for exclusive access to tools and insights to make wiser investment decisions that build long-term wealth. START FREE TRIAL*.
