The Best Stocks That Can Make You Rich in 2023

Looking back, 2022 was not exactly the most pleasant year for investors. Now, at the end of the year, we can look back and clearly see that many shares experienced an unpleasant drop.

For example, the S&P 500, the Nasdaq Composite, and the Dow Jones Industrial Average were the most-watched indexes in the US market in 2022, but they still faced some decline. This, of course, resulted in the disappointment and frustration of the investors themselves who invested in the shares.

This year has also been a pain for investors for a rather fundamental reason. The respective indices experienced a 22% to 38% drop at their highs.

This happened for several reasons. In any case, if you want to find suitable shares for the next year, in which it will be profitable to invest, then it is necessary to look at the current position on the market.

Why is 2023 a promising year for investors?

Coupled with the weak results from 2022 are macroeconomic and geopolitical concerns that have resulted in this situation.

On the other hand, it is also necessary to take into account the rising global inflation. In order to reduce it, a large-scale market correction had to be carried out, which subsequently led to an aggressive increase in interest rates by central banks.

Such activity understandably irritates even the investors themselves, who, due to the situation, try to sell their shares, in the best possible case, at the highest possible price, in order to at least make a profit in the end. However, now the central banks are slowing the growth of interest rates, which for a change represents a problem for our company and investors. As a result, we have the economy entering a mild recession next year.

Although financial analysts are predicting a major recession, it is quite possible that the United States of America and other major countries will be able to avoid it for certain reasons.

In the final, the consumer price index (CPU) rises. Fortunately, not as much as the Wall Street Journal survey originally predicted. So it's good to hear that we may well avoid a major recession. According to economists from leading investment banks recession rate will reach around 35% instead of the originally predicted 65%. Therefore, investors can relax in an already difficult market.

Best stocks for profit in 2023

Despite the recession, everyone is hoping for a great start to 2023. For this reason, it is better to go for the so-called stronger stocks that can make you rich in 2023. That is why we are bringing here a list of potential stocks that can bring you a decent profit in the coming year.

Ambev SA (ABEV)

It is a brewing sector based in Sao Paulo. The financial performance of this company has increased over the years and its revenues have even grown to 11,3% year-on-year. Analysts therefore expect year-on-year sales to increase by 7,6%.

Universal Logistics Holdings, Inc. (ULH)

This particular transport and logistics company provides its services to its customers efficiently. Therefore, its net income and revenues grew by 58,7% CAGR and 10% respectively.

Moreover, this is only an analysis of the last three years, which indicates enormous growth in the following year as well.

Cardinal Health, Inc. (CAH)

This provider of health services operates in Europe, Canada, the United States and Asia. The medical and pharmaceutical sector will always be in trend, regardless of the economic situation. CAH's EPS and earnings per share grew by 5,8% CAGR and 14,4%, respectively. Economists expect further revenue growth later this year, making the healthcare provider a great opportunity for investors.

In addition, you can also focus on Upstart Holdings (UPST), Redfn (RDFn) and a number of others from MetaPlatforms.

It's time to start focusing on the new year. It is therefore time to reconstruct the already scattered investment strategy. It is also extremely important on the path to get rich in 2023 best broker.