My Favorite Stocks to Buy for 2023 | So Good News


As we approach the end of the year 2022, it has not begun to think which stocks will be the most bought going into 2023. More than other years, this new year has a lot of uncertainty surrounding it due to the high inflation rate and possibilities. the impending recession.

Regardless of what happens in 2023, investors should look to start or increase their stake in these buyout stocks. Here are three things you should consider now.


In a year in which major indexes and blue-chip stocks have seen their prices decline by double digits, Walmart (WMT 0.43%) has been one of the few non-power stocks in the green for the year. In the third quarter of this year, the company brought in more than $152.8 billion (more than 8.3% year-on-year), and sales in the US were 8.2%.

What makes Walmart a great buy in 2023 is its commitment to offering low prices. As we approach the year 2023 and the recession that may cause financial worries, people will undoubtedly go where the profits are. With the rate of inflation we haven’t seen for decades in 2022, the investment giant said it looks like high-income earners are pulling for its products, and that won’t slow down any time soon.

What separates Walmart from its competitors Objectives (TGT -0.02%) and Amazon (AMZN -0.77%) is the role that grocery sales play in its business. Target sells groceries, and Amazon has Whole Foods in its military, but that doesn’t do much for price-conscious shoppers. By offering lower prices, Walmart has seen its share of sales increase to more than half of its total sales. People need shopping all the time, and this group wants to carry Walmart until 2023.

Procter & Gamble

With brands that include Bounty, Pampers, Tampax, Tide, Head & Shoulders, Gain, Crest, and many others, Procter & Gamble (PG 0.18%) it has its products in almost every store, shopping center, and store in the US But most importantly, Procter & Gamble products are what they buy, meaning that they are important in the category of “needs” versus the category of “wants”. .

People change their spending patterns when they are short of money and the overall economy becomes smaller. They may give up eating, shopping, and other entertainment, but they cannot give up personal care, child care, women’s care, grooming, etc. This makes Procter & Gamble a classic example of a defensive strategy.

Defensive stocks are companies that have fixed and fixed incomes, stockpiles, and products that are traded regardless of the economy. With $20.6 billion in revenue for the first quarter of its 2023 fiscal year, Procter & Gamble is a guaranteed cash cow, and there’s no reason to believe that this won’t increase in the coming year. If you’re looking for a recession-proof stock, Procter & Gamble might just be it.

Coca Cola

After staying below 8% from the start of 2022 until mid-October, Coca Cola (K.O 0.10%) he has managed to come back. It’s up 15% since Oct. 11 and over 5% year to date (as of Nov. 23). Only a few companies in the world are known for Coca-Cola, and the beverage giant has been using this to its advantage.

Like Procter & Gamble, Coca-Cola brands — including Sprite, Simply, Powerade, Dasani, Topo-Chico, and others — can sell regardless of the economy. In its most recent quarter, Coca-Cola brought in $11.1 billion in revenue, up 10% year over year. And while soda consumption is on the decline around the world, Coca-Cola has done a good job of not relying too heavily on sodas to generate revenue.

There’s no doubt that Coca-Cola has what it takes to deliver strong earnings in 2023, but regardless of how the stock price moves, investors can take comfort in knowing they’ll get their payout regardless. Coca-Cola has increased its annual dividend for 60 consecutive years, making it the Dividend King. The company has shown that it can weather the financial storm and still provide value to its shareholders.

John Mackey, CEO of Whole Foods Market, an Amazon company, is a member of the board of directors of The Motley Fool. Stefon Walters is not responsible for any of the content mentioned. The Motley Fool owns and endorses Amazon, Target, and Walmart Inc. The Motley Fool recommends the following: long January 2024 $47.50 calls on Coca-Cola. The Motley Fool has a disclosure policy.


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