My Best Growth Stocks for 2023
A stock market sell-off over the last 12 months highlights the importance of investing with a long-term perspective. Doing so can help safeguard your investment from what often turn out to be temporary economic declines. Numerous stocks got dragged down over the course of the year, in large part, because inflation reached levels not seen in 40-plus years and interest rates rose in an effort to get that outsized inflation back under control. Investors who bought reliable growth stocks with plans to not sell for several years saw their stocks dip in price, but are less worried because they had no intention of selling those stocks this year.
Two of these reliable growth stocks, Microsoft (NASDAQ: MSFT) and Advanced Micro Devices (NASDAQ: AMD), have seen price dips along with many other strong stocks this year. Here's why these two growth stocks are at the top of my list as we head into 2023.
This steady growth stock is up in value by roughly 180% in the last five years despite slipping 28.5% so far in 2022. The company's growth is primarily thanks to operating business segments with considerable market share in multiple quickly growing industries. With mega-popular brands such as Windows, Office, Xbox, Azure, and LinkedIn, Microsoft has what it takes to continue expanding its businesses in 2023 and beyond.
Source Fool.com
