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15 Best Growth Stocks to Buy in 2023

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Looking to invest? Check out these 15 best growth stocks to buy in 2023 according to hedge funds.

Description: A graph illustrating the stock prices of Amazon, Microsoft, Apple, Alphabet, Facebook, Johnson & Johnson, Tesla, NVIDIA, Adobe Systems, Biogen, Boeing, UnitedHealth Group, Okta, Square, and Twilio.

As investors look to deploy their cash on the sidelines, there are a number of stocks that offer the potential of market-crushing returns in 2023. While bear markets can be a double-edged sword for investors, improving sentiments amid the cooling inflation and moderating interest rate increases have helped the stock market surge in recent months. Going forward, the bulls could be about to take over again, and these 15 stocks are poised to be big winners.

If investors had an 'easy button' like the one featured in Staples commercials years ago, investing would be a breeze. Unfortunately, that isn’t the case and investors will need to be brave and patient in regard to timing, as well as agile as the market shifts. Fortunately, hedge funds have done the hard work for us, and in this article, we take a look at the 15 best growth stocks to buy according to hedge funds.

First up is Inc. (NASDAQ:AMZN). The e-commerce giant has been on a tear over the past year, but analysts are seeing even more upside potential. With an estimated compound annual growth rate of 22.8% over the next five years, Amazon could be a great pick for long-term investors.

Next is Microsoft Corporation (NASDAQ:MSFT). Shares of the tech giant have been on a tear over the past few years, and the company is well-positioned to benefit from the shift to cloud computing. With an estimated compound annual growth rate of 17.5% over the next five years, Microsoft is one of the best stocks to buy in 2023.

Other stocks to consider include Apple Inc. (NASDAQ:AAPL), Alphabet Inc. (NASDAQ:GOOGL), Facebook Inc. (FB), and Johnson & Johnson (NYSE:JNJ). All these stocks have posted strong returns over the past few years and are expected to continue to do well.

For those looking for more high-growth potential, stocks such as Tesla Inc. (NASDAQ:TSLA), NVIDIA Corporation (NASDAQ:NVDA), and Adobe Systems Incorporated (NASDAQ:ADBE) all offer the potential of market-crushing returns. Similarly, Biogen Inc. (NASDAQ:BIIB), Boeing Co. (NYSE:BA), and UnitedHealth Group Inc. (NYSE:UNH) are all stocks to consider.

Finally, there are a number of small-cap stocks that could offer the potential for outsized returns. These include Okta Inc. (NASDAQ:OKTA), Square Inc. (NYSE:SQ), and Twilio Inc. (NYSE:TWLO).

stocksinvestinginvesting in stocksmarket-crushing returnshedge corporationapple inc.alphabet inc.facebook inc.johnson & johnsontesla inc.nvidia corporationadobe systems incorporatedbiogen inc.boeing co.unitedhealth group inc.okta inc.square inc.twilio incNASDAQ:AMZNNASDAQ:MSFTNASDAQ:AAPLNASDAQ:GOOGLNYSE:JNJNASDAQ:TSLANASDAQ:NVDANASDAQ:ADBENASDAQ:BIIBNYSE:BANYSE:UNHNASDAQ:OKTANYSE:SQNYSE:TWLO

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