My 3 Best Stocks to Own in 2023
The stock market went into a mini-rally starting in October -- as the 13.5% rise in the S&P 500 since Oct. 1 indicates -- and there is now optimism that the rally could continue for the rest of this month and into the new year. Some even wonder if a bull market will return in 2023.
Signs of slowing inflation and indications that the Federal Reserve will lower the pace of rate hikes should give the stock market a nice shot in the arm in 2023. Such indicators has some investors wondering if now is the time to buy stocks of some beaten-down companies that saw share prices fall dramatically in 2022 despite reporting impressive growth.
Airbnb (NASDAQ: ABNB), Taiwan Semiconductor Manufacturing (NYSE: TSM), and The Trade Desk (NASDAQ: TTD) are three top stocks that could go on bull runs in 2023. All these companies grew impressively over the past year, and a turnaround in investor sentiment next year could set them up for nice rallies. Let's look at the reasons why these three stocks could be some of the best performers in 2023.
Source Fool.com