Top 21 Stocks You Should Buy Right Now [UPDATED December 2022]

Introduction:

The greatest stocks to buy right now are different from what they were at the start of 2022, now that the fourth quarter of the year is really here. We have produced a list of businesses that are expected to beat the broad market indexes over the next five to ten years based on current trends. A number of potential outcomes for the last few months of this turbulent year are reflected in Strivemindz's list of the 21 best stocks to purchase for the remainder of 2022.?

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Is This The Right Moment To Buy Stocks?

There aren't any right or wrong answers to this question; rather, there are only deductions based on specific facts. Because it is difficult to predict the future and which direction the market will take, investors must first choose their investment strategy and time horizon. This will enable them to decide whether this is the ideal time for them to purchase stocks. Today's market will be trickier to navigate for investors with a short-term investing perspective. At the very least, volatility will persist until multiples are reduced, guidance is curbed, inflation reaches its peak, and the economy avoids a recession, all of which is more easily said than done. As a result, extremely volatile markets are the bane of short-term trading. The current market may be ideal for long-term investors, but short-term investors will find it difficult to trade. Both upward and downward market overcorrections are common. As a result, patient, long-term investors may find the most recent decline in today's indices to be a fantastic buying opportunity.

Best 21 Stocks to Buy Now:

1. Ford Motor Company

• About: Ford is a reliable and popular name in the automobile industry, and today’s investors might think about including shares of the automotive titan in their portfolio due to Ford’s value. Ford is a market leader trading at a discount to its counterparts.
• Recent failures: Ford has certainly gone through a tough year in 2022 as they experienced pandemic challenges, semiconductor shortages, high inflation expenses, and supply chain problems.
• Perks: Ford’s transition to more environment-friendly transportation provides it with a sizable runway increasing profits. Ford’s EV sales have already taken off as well.
• Market cap: 55.72 billion USD.
• Evaluation: For one of the greatest companies in the business, future earnings appear more promising than ever, and investors might benefit from the current discount to participate in long term trends. It is a fantastic opportunity to grow long-term portfolios.

2. Amazon.com, Inc.

• About: Amazon is a trusted name in the tech-space, they are one of the market leaders. The American technology company is hailed as one of the most influential economic and cultural forces in the world.
• Recent failures: Amazon faces several challenges, including fluctuating currency exchange rates, shrinking profit margins, inflation, and price-conscious customers. The majority of the news, though, seems to be temporary and manageable, which is what drove Amazon's share price down.
• Perks: Amazon Web Services (AWS) and their advertising revenues are still blooming even in this difficult market. On top of that, they are still doing better than their competitors, and their stock is well priced for the investors today.
• Market cap: 960.28 billion USD.
• Evaluation: Since one of the best stocks to buy right now is down, the drop appears to be a fantastic chance to add to it. This is a good long-term option for investors, who can make the most of their investment by purchasing Amazon.com, Inc. stocks while they’re being offered at a discount.

3. Salesforce, Inc.

• About: Salesforce, Inc. is regarded as one of the greatest stocks to buy right now despite the general market hammering down the majority of technology stocks. This leading CRM platform was founded in 1999, and they launched the first IPO in June, 2004.
• Recent failures: Salesforce shares saw a dip of almost 40% in 2022, and is projected to suffer due to the macroeconomic changes.
• Perks: In a sluggish economy, Salesforce might be able to assist companies of all sizes as they try to limit the number of staff they are hiring. Although it has faced certain challenges, it is valued more fairly today compared to its competitors.
• Market cap: 144.56 billion USD.
• Evaluation: The risk/reward ratio has recently shifted sharply in investors' favor. Thus, Salesforce, Inc. presents a good long term investment option for investors.

4. The Boeing Company

• About: Boeing is an American multinational firm that develops, produces, and markets aeroplanes, helicopters, rockets, satellites, telecommunications gear, and missiles on a global scale. In a duopoly that manufactures and maintains the majority of today's commercial aircraft, Boeing works with Airbus.
• Recent challenges: When travel was halted due to the COVID-19 pandemic, Boeing, which leads the aircraft industry, suffered greatly. Shares of Boeing fell from $340.49 to $95.01 during the first quarter of 2020.
• Perks: Boeing is a market leader and they are gaining ground as the 737 Max is back in service. The stocks are currently being traded at a favourable valuation compared to its competitors.
• Market cap: $108.99 billion USD.
• Evaluation: For all practical purposes, Boeing seems to have put the worst of its issues in the past. That is not to argue that the stock cannot fall in the near future but rather that the risk/reward ratio is highly alluring right now. If Boeing can deliver on all its promises, it's among the top 10 stocks to buy right now.

5. Alphabet Inc.

• About: Alphabet Inc. is another tech giant from America and was created through a restructuring of Google back in 2015. Alphabet has solidified its place as one of the big five US based tech companies. Out of all its subsidiaries, Google LLC remains the most popular name across the globe.
• Recent failures: In 2022, in this difficult economy, Alphabet’s (Google) shares fell by almost 40%.
• Perks: Alphabet is trading at a discount compared to its competitors since its price-to-earnings ratio is lower than the industry average.
• Market cap: 1.30 trillion USD.
• Evaluation: Alphabet appears to be among the finest stocks to buy at the moment based solely on valuation and free cash flow. Alphabet is well-positioned to succeed in the long run thanks to Google Cloud, YouTube, and a virtual monopoly on online search.

6. Palo Alto Networks, Inc.

• About: Palo Alto Networks is a market leader in cybersecurity. They are a cybersecurity platform who provide network security, cloud security, endpoint protection, and other cloud-based security services.
• Recent failures: Palo Alto Networks, Inc. was trading at 7.4x forward revenue, which was a drop from the 11x forward revenue recorded at the beginning of the year.
• Perks: According to projections, the company’s already favourable free cash flow will become even more favourable, further encouraging innovation and share repurchases to increase investor value. Currently, Palo Alto Networks is trading at a discount of approximately 22% from its 52-week high, making it a good investment.
• Market cap: 52.21 billion USD.
• ?Evaluation: The leader in cybersecurity is a solid defensive option at a time when few stocks appear to be able to hold their own due to its robust cash flow and growing margins. However, the business should have a long, prosperous runway thanks to the adoption of cloud technologies and next-generation security measures.

7. Johnson & Johnson

• About: Johnson & Johnson is a trusted name in healthcare products worldwide. They develop medical devices, pharmaceuticals, and consumer packaged goods. Johnson’s Baby is a famous brand of baby cosmetics and skin care products that is owned and operated by J&J.
• Recent failures: J&J's earnings report stated that the current macroeconomic environment would probably have a negative impact on the company, which is why they lowered part of their guidance. Earnings will suffer in the short term due to foreign currency weakness.
• Perks: Despite being down approximately 1.7%to date, Johnson & Johnson is easily outperforming the market. Investing in the stock of a global firm has given modern investors a great place to shield their portfolios. J&J has persevered in the face of difficulty and given investors cash while they wait for the correction, which is a lot more than most stocks can say in 2022.
• Market cap: 467.68 billion USD.
• Evaluation: J&J will help its shareholders recover value by taking advantage of favourable pharmaceutical industry developments, and its plans to spin off its consumer health division. For the foreseeable future, J&J is a good investment right now.

8. Costco Wholesale Corporation

• About: Costco Wholesale Corporation is a USA-based multinational corporation which is one of the biggest retailers in the world. They also operate a chain of retail stores across multiple countries.
• Recent failures: Because of the impact that inflation is having on margins and the impending recession, customers are projected to spend less which has caused shares to trade at a 20% discount to a 52-week high. Following the decline, investors can bye Costco stock at a price-to-earnings ratio of 36.8 X.
• Perks: Over the past ten years, few stocks have treated investors better than Costco. Costco continues to report solid results in what is perhaps the most unpredictable economic situation in decades. Costco is on schedule to open an additional 28 warehouses over the course of the rest of the year thanks to outstanding performance. It goes without saying that Costco makes a fantastic inflation hedge for a portfolio.
• Market cap: 217.40 billion USD.
• Evaluation: In the interim, if Costco can manage the inflationary pressure brought on by the current economic situation, it could rank among the best companies to buy right now.

9. MercadoLibre, Inc.

• About: MercadoLibre, an Argentinian firm based in the U.S. with its main office in Buenos Aires, runs an online platform for e-commerce, financial technology, and a variety of other services. Despite having its headquarters in Argentina, the company provides services to at least 16 other Latin American nations and is thought to hold roughly 30% of the market share for e-commerce in each of those countries.
• Recent failures: In September 2022, MELI shares were down by 17% and it was underperforming in S&P500
• Perks: MercadoLibre has more than 40 million customers and it is constantly growing. If that is not an exciting proposition then consider this: at the very least, the price of MELI shares is significantly lower now than it was at this time last year. The price of Mercado Libra is currently around one-third of its 52-week high, making it appear too cheap for long-term investors to pass up.
• Market cap: 46.08 billion USD.
• Evaluation: The company's long-term prospects are still more appealing than ever, and its share price has increased significantly.

10. Prologis, Inc.

• About: Prologis owns and manages industrial real estate that generates money. The largest industrial REIT in the world, Prologis owns over 984 million square feet of industrial properties in 19 countries around the world. Prologis' assets are useful to a growing range of businesses because they are strategically located in high-barrier, high-growth markets.
• Perks: In comparison to the overall Equity Real Estate Investment Trust sector, Prologis is trading at a discount with a price-to-earnings ratio of 21.16x, while the sector has a median price-to-earnings ratio of 26.93x. Even though its shares may be selling at a discount to those of its competitors, Prologis is in a good position to prosper in the choppy economic climate of today.
• Evaluation: Investors will get the security and stability they seek in a down market thanks to a high dividend yield and a propensity for prospering in an inflationary environment.

11. PayPal Holdings

• About: PayPal Holdings is one of the most well-established firms. The company also owns the well-known Venmo mobile app in addition to its own namesake payment system, which is widely used on websites. Many young people use Venmo as their primary payment app, and it is well-liked by gig workers.
• Recent failures: The current market value of PayPal's shares, which trade for 4.1 times sales, is close to 70% below their recent highs. That is almost the lowest price at which they have ever been in PayPal's history as a publicly traded firm.
• Perks: PayPal has added 2.9 million net new active members during the third quarter. They also have a total payment volume of $337 billion. On top of this, PayPal also increased free cash flow by 37% this year.
• Market cap: 84.97 billion USD.
• Evaluation: PayPal is projected to provide good long term results, and as the shares are being traded at an unbelievable discount, it would be wise to buy PayPal stocks now for long term goals.

12. Allbirds

• About: Athletic and casual shoes made mostly of wool and plant-based materials are produced and sold by Allbirds. The business even created a "carbon-negative" foam to be used in the soles of their shoes, which means that during manufacture, carbon dioxide is drawn out of the atmosphere rather than added.
• Recent failures: Initial public offerings (IPOs) had a significant increase in 2021, yet many of the stocks that went public that year have had a difficult 2022. Consider the stock of the eco-friendly sneaker company Allbirds as an illustration. But in 2022, none of that appears to matter. The shares are currently priced close to 80% below their $15 IPO price and 90% below their 52-week highs.
• Perks: It is imperative to remember that institutional investors favour businesses with excellent environmental credentials. It is difficult to find many businesses with better environmental credentials than Allbirds. Additionally, Allbirds could be a target for a takeover from a traditional apparel retail name looking to improve its reputation, given its current market cap, which is as low as it is today.
• Market cap: 417.44 million USD.
• Evaluation: Provided that investors find an interest in Allbirds, it would make for an exciting long-term investment option.

13. Dutch Bros

• About: Dutch Bros is a franchiser and operator of drive-through coffee shops with a focus on espresso-based beverages. The company was founded in 1992. The business operated 538 stores in 12 states as of the end of 2021. Additionally, it plans to open at least 130 locations before the year is up.
• Recent failures: The environment for businesses in the food and beverage industry is difficult. Inflation has been relentless, and labour is expensive and scarce. The price of BROS shares has dropped by about 60% from its 52-week high, which was reached soon after its IPO in late 2021.
• Perks: It trades at 3.0 times sales as well. For a business with high growth plans to add 24% more stores this year, that valuation is reasonable.
• Market cap: 5.84 billion USD.
• Evaluation: Since it’s still a relatively young brand, it makes for a good long-term investment.

14. Walt Disney

• About: It is no secret that Disney is the leading brand when it comes to family travel and entertainment, thanks to Marvel Cinematic Universe and Star Wars. It also controls some of the most valuable media properties ever created.
• Recent failures: Disney trades at values last seen in 2014 and with a forward P/E ratio of just 18, following the share price decline.
• Perks: Despite the challenges, it must be noted that during the course of its decades as a public company, the business has weathered multiple downturns while thriving.
• Market cap: 177.78 billion USD.
• Evaluation: Since you don't have the chance to purchase shares of the most prestigious entertainment firm in the world for half of every day, it would be wise to purchase shares of Disney for both short and long term goals.

15. Nvidia

• About: Because its chips are essential to some of the hottest advances in computing today, such as artificial intelligence, autonomous driving, and cloud computing, leading GPU manufacturer, Nvidia is particularly intriguing.
• Recent failures: Since January 2022, Nvidia stocks fell by almost 55%. It was also projected to lose almost $400 million in potential sales after the US government banned AI chip sales to China.
• Perks: In a downturn, investment in cloud computing and artificial intelligence may increase as a strategy to reduce cripplingly high labour costs. As a hardware company, Nvidia is absurdly profitable, with an RoE of 34% and a net margin of 26%.
• Market cap: 414.77 billion USD.
• Evaluation: Nvidia is expected to rank among the top stocks to buy for the rest of 2022, given that the industry is at its peak.

16. Etsy

• About: Etsy, Inc. is an USA-based e-commerce company which sales handmade and vintage items and craft supplies. It was founded in 2005.
• Recent failures: In 2022, Etsy stocks were down by almost 66%. It also suffered the second sharpest decline in the S&P500, right after Netflix.
• Perks: In comparison to comparable pre-pandemic levels, Etsy's marketplace sales volume increased by 141% in the second quarter of 2022.
• Market cap: 17.66 billion USD.
• Evaluation: Etsy’s brand and platform are strong, but its market potential is still vast. A greater deal of patience may be required for long-term investors, given the firm’s recent decline in the growth stock market.

17. Pinterest

• About: Pinterest provides visual inspiration for the things individuals wish to achieve, whether they are creating their ideal deck, decorating a child's birthday cake, or changing their clothing.
• Recent failures: Pinterest has suffered in the market fall of 2022, primarily because of a small reduction in its user base after global pandemic limitations were relaxed. However, it appears that the user base has stabilized for the time being based on the company's most recent figures.
• Perks: Pinterest has a huge chance to monetize its users, particularly as the business shifts away from its conventional ad-focused strategy and looks for ways to include e-commerce into its platform.
• Market cap: 16.40 billion USD.
• Evaluation: Although it might take some time for the business to fully fulfil its e-commerce potential, long-term investors could reap significant rewards.

18. Shopify

• About: Shopify is a platform that enables companies of all sizes to sell their goods online. The company places a special emphasis on helping smaller companies and expanding alongside them by forming long-term connections. With its "one-stop shop" strategy for allowing e-commerce, Shopify has become a force to be reckoned with.
• Recent failures: In 2022, Shopify shares fell precipitously in the most recent market dip as a result of recession fears and indications that consumer spending is slowing down.
• Perks: Since more shops are turning to online sales, the platform has generated about $5 billion in revenue over the past four quarters, but that's just a tiny portion of the estimated $153 billion (and growing) market it serves.
• Market cap: 52.89 billion USD.
• Evaluation: Shopify appears to be a clear pick for the best companies to purchase in 2022.

19. Uber Technologies Inc.

• About: Uber provides one of the largest taxi aggregator apps in the world. Along with the taxi booking services, they also provide food delivery, package delivery, courier service, and freight transportation.
• Recent failures: Despite an increase in delivery during the pandemic, businesses like Uber have been unable to meet demand consistently. As investors demand free cash flow creation today, Uber's stock has fallen.
• Perks: The current recession, meanwhile, prepares the way for future successes. Due to the weaker enterprises going out of business during the present downturn, there will be less competition. Another reason is that a recession would loosen up the labour market's tightness. As a result, Uber would have greater and more dependable access to drivers.
• Market cap: 56.88 billion USD.
• Evaluation: Everything is coming together for Uber to take off. According to analysts, the company could start turning a profit in 2024, and top-line sales should keep increasing by about 20% a year. That indicates that Uber is a good option to invest in for the short term goals.

20. Visa Inc. (V)

• About: The credit card business is still dominated by Visa and Mastercard Inc. (M.A.), its main rival. Credit and debit cards continue to overtake cash and other alternatives in terms of market share because they are excellent consumer products.
• Recent failures: Given that it can charge substantially greater fees in cross-border transactions, Visa's profits have been somewhat constrained by the downturn in that industry.
• Perks: Now that foreign travel has increased, so will Visa's revenue. Even if the economy is currently experiencing some difficulties, keep in mind that as prices rise, Visa's transaction fee will as well, increasing the company's earnings.
• Market cap: 405.76 billion USD.
• Evaluation: Visa shares are 10% below their pre-pandemic levels, which makes investors an excellent entry point.

21. Spotify Technology

• About: Spotify is a fantastic brand, especially for millennials. Spotify is essentially an audio streaming and media services company from Sweden. Spotify’s music streaming services is one of the biggest fan favouritesin the world.
• Recent failures: Difficulties with Spotify's sluggish subscription growth have been reported. Given that Spotify now gives a significant amount of its revenues to musicians and record companies, the same concerns about insufficient profitability also apply.
• Perks: As time passes, the worth of music and other audio, like podcasts, will increase. Additionally, Spotify's expanding user base and impact will offer it more and more power to monetize its current mindshare, given the lack of many formidable competitors.
• Market cap: 15.44 billion USD.
• Evaluation: With shares down 62.1% in 2022 through October 19, investors can take advantage of this current low point to purchase a successful platform for a bargain.

Wrapping Up:

Finding the top 21 stocks to purchase right away is more difficult than simply reading an article and buying a position in a new business five minutes later. In actuality, investors should think twice before considering investing a dime in a single stock until they are clear on what they want from their investment portfolio. To gain a better grasp of stocks and stock investments, if you are just beginning your investing path, please contact Strivemindz. From how to start, how to choose an investment strategy, and how much money to put into stocks, we cover all the fundamentals.