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 Amazon.com 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.