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.