With international borders blurring, many Indian investors are looking for US stocks to buy and add to their equity portfolio. If you’re among these eager investors, you may be wondering how to invest in the US share market and which stocks to buy.
Typically, when you are considering investing in an international equity market, you can start by analyzing the market sectors. In the USA, some of the top sectors to watch out for include technology, AI, healthcare, food and beverages, and consumer durables.
Once you’ve zeroed in on the sectors you want to diversify into, you need to identify the best stocks using fundamental analysis. Look at the company’s performance over the past five years, study its growth prospects, and compare its key financial metrics with those of its peers.
After you choose the best US stocks to buy, you need to have a good idea of how to buy American stocks. You can get started by opening an overseas trading account with a domestic or an international broker. Alternatively, you can also buy some of the top US stocks through the NSE IFSC platform.
There are many stocks in the American markets that are considered safe or lucrative investments. Here is a list of some of these top stocks.
One of the tech giants in the US stock market, Apple Inc., has recently been trading at around 25 times its total earnings.
Listed on: Nasdaq
Share price as of February 28, 2023: $147.87
Considering that Microsoft is expanding into the cloud computing segment and has promising stakes in the AI sector, it is another stock to watch in 2023.
Listed on: Nasdaq
Share price as of February 28, 2023: $250.27
Online retail giant Amazon is another stock to have on your watchlist this year since its current valuation stands at $1 trillion. Its shares have also risen by around 17% earlier in February 2023.
Listed on: Nasdaq
Share price as of February 28, 2023: $93.41
Tesla is one of the leading EV stocks to watch this year. Analysts predict over 40% growth in the company’s sales in the next 12 months.
Listed on: Nasdaq
Share price as of February 28, 2023: $208.16
Rivian Automotive’s IPO created waves in 2021, and since then, the company has gone from strength to strength. It is also expected to record revenues of $6 billion by the end of the year.
Listed on: Nasdaq
Share price as of February 28, 2023: $18.85
This $100 billion multinational bank not only offers decent dividends to investors but also appears to be a promising value stock in the current market.
Listed on: NYSE
Share price as of February 28, 2023: $50.46
Its strong management and leadership are key reasons why Walt Disney needs to be on your radar. That aside, the company has also witnessed a ∼25% increase in its stock price in February 2023.
Listed on: NYSE
Share price as of February 28, 2023: $100.42
Pfizer’s stocks may not have risen as much as BioNTech’s, but with the projects Pfizer has in its pipeline, the company may predictably hit a revenue of $20 billion by 2030.
Listed on: NYSE
Share price as of February 28, 2023: $40.39
One of the largest pharmaceutical companies in the world, Merck & Co, recorded a 14% Q3 revenue growth and a 20% increase in the sales of its cancer drug, Keytruda.
Listed on: NYSE
Share price as of February 28, 2023: $107.77
This is another US healthcare company to have on your watchlist in 2023. Revenue growth predicted for the company is 8% this year, putting it in the ‘strong buy’ category according to experts.
Listed on: NYSE
Share price as of February 28, 2023: $477.15
Before you invest in these stocks, make sure you explore their longevity and growth prospects. Look into the predictions made by experts and analysts, and identify what makes them the ‘best’ in their industries. It is also important to do your own research before you invest.
Once you’ve identified the right US stocks to buy, you can invest in those securities using the Fi Money app. Not only do you get the benefit of in-app explainers and curated stock collections, but you can also invest without worrying about any brokerage fees whatsoever.
There are many different US stocks that hold great long-term potential. While suggestions and recommendations can help, it is best to perform a fundamental analysis and do your own research to identify stocks with good potential.
Stocks in defensive sectors like food and beverages, consumer durables, pharmaceuticals and utilities are some safe options. These sectors remain relatively stable, irrespective of the overall market performance or economic condition.
Some of the best US stocks to buy right now include Apple, Microsoft, Amazon, Tesla and Walt Disney, among others. There are also many other stocks that fall into this category. You can analyze the fundamentals of top growth stocks and take your pick.
