My 5 Highest Conviction Stocks to Buy in 2023
I like to own lots of stocks. While I might be over diversified, my strategy of taking relatively small positions in many companies has enabled me to invest in some big winners that probably would have never made it into a concentrated portfolio. It also allows me to steadily grow a position as my conviction increases.
As we enter 2023, I have the highest conviction that Blackstone (NYSE: BX), Brookfield Asset Management (NYSE: BAM), Prologis, (NYSE: PLD), NextEra Energy (NYSE: NEE), and Palo Alto Networks (NASDAQ: PANW) can deliver market-beating returns in the coming years. Because of that, I plan to add to all five of these positions early in the new year.
Blackstone's stock got pulverized in 2022, tumbling about 40%. The biggest factor weighing on the leading alternative-asset manager was concerns that it might struggle to grow in the current environment.
Source Fool.com
