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The S&P 500 index logged its worst year since 2008 in 2022, but the start of 2023 has been off to a great start, with the index gaining 6.2% in January. To help investors make the most of this market, Forbes spoke with ten top fund managers to get their best stock ideas for the coming year.
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Analysts have picked out their favorite stock to invest in for the coming year, with a particular focus on small-cap stock that are priced for outperformance in the second half of 2022 and beyond. In this article, we’ll discuss the 14 best stock to buy before the 2023 recession.
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Technology has made it easier than ever to manage your own stock and shares, with dealing rooms now available in the palm of your hand. ChatGPT can provide some insights into the stock market, such as the best invest in a category.
14 Best Stocks to Buy Before the 2023 Recession
Experts pick top stocks for 2023 before recession.
In the current market, it’s important to pay attention to the performance of individual stock. For example, if Airbnb were the average travel stock, investors may not be as optimistic about its long-term growth prospects.
However, there are many stock that have the potential to perform well in the coming year. Here are the 11 best penny stock to buy now: Bionano Genomics (NASDAQ:BNGO), Uniti Group (NASDAQ:UNIT), Plug Power (NASDAQ:PLUG), FuelCell Energy (NASDAQ:FCEL), Aquestive Therapeutics (NASDAQ:AQST), Ecoark Holdings (EARK), Aquestive Therapeutics (NASDAQ:AQST), Nio (NYSE:NIO), Tilray (NASDAQ:TLRY), Avis Budget Group (NASDAQ:CAR), and SLM Corporation (NASDAQ:SLM).
stock with a long history of performing well are also recommended by experts. These include IBM (NYSE:IBM), Apple (NASDAQ:AAPL), Microsoft (NASDAQ:MSFT), Alphabet (NASDAQ:GOOGL), and Amazon (NASDAQ:AMZN). These stock have been leaders in their respective industries for many years, and remain strong contenders in the stock market.
If you’re looking for stock with more potential for short-term gains, consider invest in stock with high dividend yields. These include AT&T (NYSE:T), Verizon (NYSE:VZ), Intel (NASDAQ:INTC), and Johnson & Johnson (NYSE:JNJ). These stock offer steady dividends and could offer investors a better return on their invest.
Gold is another asset that has been performing well in the current market, and is expected to continue to do so in the coming year. Gold stock such as Barrick Gold (NYSE:GOLD) and Newmont Corporation (NYSE:NEM) are recommended by experts.
Another industry that could be beneficial for investors in 2023 is the healthcare sector. stock such as AbbVie (NYSE:ABBV), Bristol-Myers Squibb (NYSE:BMY), and Pfizer (NYSE:PFE) are expected to do well in the coming year.
The energy sector is also expected to perform well in the coming year. stock such as Chevron (NYSE:CVX), ExxonMobil (NYSE:XOM), and ConocoPhillips (NYSE:COP) are recommended by experts for potential short-term gains.
In the Technology sector, stock such as NVIDIA (NASDAQ:NVDA), Tesla (NASDAQ:TSLA), and Facebook (FB) are expected to do well in the coming year. Analysts also recommend invest in semiconductor stock such as Intel (NASDAQ:INTC) and Advanced Micro Devices (NASDAQ:AMD).
The banking sector is another one that could be beneficial for investors in the coming year. stock such as JPMorgan Chase (NYSE:JPM), Bank of America (NYSE:BAC), and Citigroup (NYSE:C) are recommended by experts.
Real estate is another sector that could be beneficial for investors in the coming year. stock such as Simon Property Group (NYSE:SPG), Weyerhaeuser (NYSE:WY), and Prologis (NYSE:PLD) are expected to do well in the coming year.
Finally, defense stock such as Lockheed Martin (NYSE:LMT), Northrop Grumman (NYSE:NOC), and Raytheon Technologies (NYSE:RTX) are expected to do well in the coming year.
A graph showing the growth of the S&P 500 index from 2022 to 2023, with a selection of stock listed on the side.