Best Stocks to Buy in Post COVID Economic Recovery

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Just like any other industry, COVID-19 has also affected the stock market greatly. But the fact of the matter is that there are also some companies that benefited from the global pandemic. However, the biggest factor to consider while buying stock in the post-COVID economic recovery is still the selection of the right stocks that can make or break your experience.

It's also important to keep in mind that the 1.9 trillion US dollars stimulus by Joe Biden's administration will also go a long way to help post COVID economic recovery. It'll create many opportunities for traders to buy stocks in many recovery stocks. That's why it's a great idea to buy stocks in 2023 to earn a handsome amount of money.

The stimulus is basically a part of the coronavirus rescue plan. Millions of citizens of the United States will receive 1,400 US dollars of stimulus checks. Moreover, the best stock to buy now is of the companies that benefited from the influx of this stimulus money of retail investors and from the increase in their revenue. This article contains the best stocks to buy in 2023 that we have compiled after comprehensive and detailed research.

Best Stocks to Buy in Post COVID Economic Recovery

Best Methods to Find the Best Stocks to Buy Now

There are many approaches to buy different stocks and stock indices, and each comes with its own advantages and disadvantages. However, there are certain factors that you need to keep in mind while choosing the best stocks to buy. Bear in mind that there are tens of hundreds of stocks available. Not all of them will be worth buying to generate a handsome amount of income.

Fundamental Analysis

Fundamental Analysis

Before considering buying any stocks, you need to analyze it fundamentally that involves the factors such as its pricing, earning ratio, etc. There are many useful tools available that allow you to achieve it efficiently and effectively, such as Finviz Screener. Such tools offer multiple filters and presets that you can use to analyze real-time market data and research, financial news, stock trends, and more.

Companies which are Performing Well

Alongside its negative effects, which are undoubtedly massive, COVID-19 has also created many opportunities, especially for tech companies. It’s important to look for such an organization that is offering game-changing services and products. You should also the annual and quarterly earnings growth of companies, and it must be at least 25 percent.

Companies that aren’t Yet Profitable

Another important consideration that many investors and traders ignore is to consider the companies which are not yet profitable. Look for the IPOs (Initial public offerings) whether they are generating considerable revenue growth or not.

Supply and Demand Curve

The supply and demand curve is undoubtedly one of the most important factors while buying stocks. You should choose the leading stock with high demand in the top industry groups. Moreover, the stocks that you choose must also have strong institutional support.

Chart Analysis

Chart Analysis

Once you finalize the stocks you want to buy, it’s wise to plot a good entry point by turning to the stock charts. You can also use the available online tools such as TradingView to analyze charts. The following are the most important indicators that you need to keep in mind.

Entry Point

You must not hurry and let your selected stock form a solid base. We recommend you only buy it once it actually reached a proper buy point. It typically happens when a stock surpasses its original high on the base left side.

Market Direction

Most of the stocks available out there, even the best ones, usually follow the market direction. You need to figure out the market trend and buy the stocks only when the market is in an uptrend. Identifying stocks on a technical basis is always a good idea. Consider buying the stocks that have rising strength lines relatively. Keep in mind that the stocks that withstand the economic crisis and tough conditions normally increase their value after the market stabilization.

These are some of the most important considerations that you should look forward to while buying stocks in 2023. These factors will also help you to minimize the risks involved. However, it’s still important to note, when it comes to the stock market, things can quickly go south.

What Stocks to Buy in 2024

In order to make the whole process to find the best stocks to buy in 2023, we have compiled the list of the ten best stocks that you can choose. We have created this list after performing comprehensive research where we have used both approaches mentioned above (fundamental and technical analysis). However, our main points of focus were fundamental and economic analysis.

Best Stocks to Buy in 2024: Comparison Table

Company P/E EPS Dividend Yield

1. Microsoft

(MSFT)

P/E:

36

EPS:

6.71

Dividend Yield:

0.94 percent

2. Apple

(AAPL)

P/E:

32.83

EPS:

3.74

Dividend Yield:

0.68 percent

3. PayPal Holdings

(PYPL)

P/E:

31.09

EPS:

3.54

Dividend Yield:

0.00 percent

4. Amazon

(AMZN)

P/E:

72.93

EPS:

5.01

Dividend Yield:

0.00 percent

5. Stryker

(SYK)

P/E:

31.67

EPS:

1.49

Dividend Yield:

1.00 percent

6. United Parcel Service

(UPS)

P/E:

14.36

EPS:

2.25

Dividend Yield:

0.64 percent

7. Bank of America

(BAC)

P/E:

20.14

EPS:

0.70

Dividend Yield:

1.86 percent

8. Intel

(INTC)

P/E:

11.68

EPS:

4.94

Dividend Yield:

2.46 percent

9. LyondellBasell

(LYB)

P/E:

3.64

EPS:

4.24

Dividend Yield:

3.98 percent

10. Alibaba Group

(BABA)

P/E:

16.80

EPS:

10.24

Dividend Yield:

0.00 percent

1

Microsoft (MSFT)

Microsoft (MSFT) stocks are undoubtedly the best option for 2023 because they offer financial strength, safety, and timeliness. It's the largest software maker in the whole world, and its earnings have almost doubled in the last few years. According to the experts and critics, the Microsoft shares on average will increase about 15 percent in the next five years.

Microsoft (MSFT) NASDAQ

Microsoft (MSFT) NASDAQ

2

Apple (AAPL)

The growth that the Apple (AAPL) stocks have shown recently is more than impressive. It should also be on your radar if you’re looking for the best stocks to buy in 2023. That’s because the company has shown double-digit growth in all its product categories in its last fiscal Q1 (January 2023). Moreover, the company has also achieved a record-breaking revenue in all of its geographic segments.

Apple (AAPL) NASDAQ

Apple (AAPL) NASDAQ

3

PayPal Holdings (PYPL)

PayPal Holding (PYPL) is yet another great option when it comes to buying stocks in 2023. Some of the world-famous investors, such as William Danoff have always shown their interest in PayPal Holdings stocks. Danoff has recently bought more PYPL shares because they’re expected to grow.

PayPal Holdings (PYPL) NASDAQ

PayPal Holdings (PYPL) NASDAQ

4

Amazon (AMZN)

We all know that the trend of shopping online has dramatically increased after the outbreak of COVID-19. Amazon (AMZN) is one of those companies that experienced exponential growth in their sales. There’re many factors such as recent marketing strategies, diversified business model revenue generation, and overall stock history that simply show that the AMZN stocks have great growth potential.

Amazon (AMZN) NASDAQ

Amazon (AMZN) NASDAQ

5

Stryker (SYK)

Stryker (SYK) offers medical devices that range from surgical instruments to implant and navigation systems. Moreover, the biggest reason why you should buy Stryker stocks is its infection prevention protocols that countless healthcare sectors are adopting. Research analysts and experts are suggesting that the stock price of Stryker is bound to increase within the next 12 months.

Stryker Corporation (SYK) NYSE

Stryker Corporation (SYK) NYSE

6

United Parcel Service (UPS)

United Parcel Service is a package delivery giant, and UBS Securities has recently raised the company’s stock rating from Neutral to Buy. That’s because it’s expected that the stock price of UPS will skyrocket in 2023 because of the increase in online shopping that eventually causes an increase in package delivery. The company is currently boosting its profit margins, and it's undoubtedly one of the best stocks that you can consider buying in 2023.

United Parcel Service (UPS) NYSE

United Parcel Service (UPS) NYSE

7

Bank of America (BAC)

Since the 2008 meltdown, banks have become something of a dirty word when it comes to buying stocks. But then the global pandemic happened and changed the whole landscape, and now the banks are in a healthy shape for stock trading. Currently, the BANK of America (BAC) is in its best position considering the last four years. Keep in mind that it's one of the largest banks in the whole world, and its shares have been rallying hard.

BANK of America (BAC) NYSE

BANK of America (BAC) NYSE

8

Intel (INTC)

Intel (INTC) is yet another world-famous company, and its position is getting stronger. The critics say that the company has the potential to go in the opposite direction as compared to the last year when it fell about 16 percent. With more than 11 forward prices to earnings ratio and about 2.5 dividend yield, Intel is also a good choice for stock trading in 2023.

Intel (INTC) NASDAQ

Intel (INTC) NASDAQ

9

LyondellBasell (LYB)

If you know about this LyondellBasell (LYB), then you’d already know that it had a devastating last year (2020). Now the prices of the (LYB) stock are low, and the stock currently trades with almost one-time sales and 13 times expected earnings (2023).

LyondellBasell stocks are currently cheap, but they are showing strong momentum. It's quite possible that it can be one of the best stocks to buy in 2023.

LyondellBasell (LYB) NYSE

LyondellBasell (LYB) NYSE

10

Alibaba Group (BABA)

Alibaba Group is a multinational technology company and one of the biggest e-commerce giants in the whole world. The revenues of Alibaba Group (BABA) have tripled in the last three years. Moreover, the company performed amazingly throughout the crisis, and it's continuously showing great upside potential.

Alibaba Group (BABA) HKG (9988)

Alibaba Group (BABA) HKG (9988)

What Are Alternatives of Buying Stocks?

Most people think that investing is all about buying a certain company's stocks. But the fact of the matter is that there are many alternatives to stocks, and you can choose any of the following if you don't want to invest in stocks.

CFDs

CFDs (Contracts for Difference) is a derivative product type that you can use to trade by utilizing the financial markets' leverage, including on shares, commodities, forex, and indices. Here are some of the advantages of CFDs.

  • No stamp duty to pay

  • You can trade on both falling and rising markets

  • An effective way to utilize your capital

  • Diversification of your investments

Best CFD Brokers

ETFs

ETFs (Exchange Traded Funds) allow you to take mutual fund investing advantages to another level. It's a fund that you can trade like a stock on an exchange, and it offers the following benefits.

  • Offers portfolio diversification

  • Lower operating cost

  • More capital gains tax

  • Trade order flexibility

Alternatives of Buying Stocks

Properties Stocks CFDs ETF

Risk

Average

High

Low

Leverage

Low

High

Low

Minimum Investment

1 dollar (200 dollars to get started right)

Depends upon the broker and the number of assets

Share price and commission and fee)

Costs

5 to 10 dollars per trade (usually). Depends on the broker's

Commission that the broker charges (usually 0.1 percent)

No higher than 20 dollars, generally.

Properties Stocks

Risk

Average

Leverage

Low

Minimum Investment

1 dollar (200 dollars to get started right)

Costs

5 to 10 dollars per trade (usually). Depends on the broker's

Properties CFDs

Risk

High

Leverage

High

Minimum Investment

Depends upon the broker and the number of assets

Costs

Commission that the broker charges (usually 0.1 percent)

Properties ETF

Risk

Low

Leverage

Low

Minimum Investment

Share price and commission and fee)

Costs

No higher than 20 dollars, generally.

Top 5 Best Brokers for Buying Stocks in 2024

As mentioned, the selection of the right brokerage can make or break your trading experience. That’s why we have also compiled a brief list of the best brokerages available in the market. You can choose any of the following online brokers depending upon your unique needs and trading goals.

11
Webull: Best for Long Term Investors and Stock Traders

Webull is one of the latest online brokerages with a great set of features. It’s the best option for long-term investors and technical stock traders because of its technical research tools. Moreover, the platform only focuses on commission-free trades.

Webull Overview

Regulation

(FINRA), (SIPC), (NYSE), NASDAQ (CBOE EDGX)

Account minimum

0.00 dollars

Best suited

Long term investors and technical Stock Traders

Trading costs class

Low

Trading products

Stock, ETF, Options

Trading Platforms

Web, Desktop, and Mobile

22
TD Ameritrade: Best All-Rounder

TD Ameritrade is one of the very few online trading platforms that check all the boxes. It comes with a great fee structure, excellent research and educational tools, and quick and fast platforms. It also offers multiple account types and platforms to meet the needs of each individual.

TD Ameritrade Overview

Regulation

(SEC), (FINRA) and (CFTC)

Account minimum

0.00 dollars

Best suited

Best All-Rounder

Trading costs class

Low

Trading products

Stock, ETF, Forex, Fund, Bond, Options, Futures, Crypto

Trading Platforms

Web, Desktop, and Mobile

33
Fidelity: Best Mobile Application

Fidelity is yet another popular online brokerage that offers a great trading experience. It's also an all-rounder, but Fidelity’s mobile application is where the platform actually shines. Users can almost achieve all the functionality that the platform’s web and desktop applications offer.

Fidelity Overview

Regulation

(SEC), (FINRA)

Account minimum

0.00 dollars

Best suited

Mobile users

Trading costs class

Low

Trading products

Stock, ETF, Fund, Bond, Options, Robo-advisory

Trading Platforms

Web, Desktop, and Mobile

44
Robinhood: Best for Active Traders

Robinhood is one of the biggest names in the realm of online brokers, and it offers multiple products that users can trade. It's a streamlined trading platform that is best for active traders who want to trade with no commissions. It can also be a great choice if you want to trade in cryptocurrencies.

Robinhood Overview

Regulation

(SEC), (FINRA)

Account minimum

0.00 dollars

Best suited

Active Traders

Trading costs class

Low

Trading products

Stock, ETF, Options, Crypto

Trading Platforms

Web, Desktop, and Mobile

55
E*Trade: Best for Beginners

If you're a beginner and just getting started with stock trading, then E*Trade can be your best choice. That's because it offers automated technical analysis, HTML5 charts, paper trading, and screening tools for options as well as stocks.

E*Trade Overview

Regulation

(SEC), (FINRA)

Account minimum

0.00 dollars

Best suited

Beginners

Trading costs class

Low

Trading products

Stock, ETF, Fund, Bond, Options, Futures, Crypto

Trading Platforms

Web, Desktop, and Mobile

Learn why it is better to trade through TU

Summary

Summary

The trading world is now finally seeing the light at the end of the tunnel after the global pandemic. The companies that we have mentioned in this article are undoubtedly some of the best candidates. But it’s still important to make sure whether buying these stocks meets your unique trading needs and goals or not.

We hope that this extensive guide will help you to find the best stocks to buy now. Using the right tools to perform market research is still the most important factor in finding the right stocks and making an informed decision. Moreover, the selection of the right brokerage is also important to increase the chances of your success. Not only will it help you to find the best stocks to buy, but it will also enable you to mitigate all the risk factors.

Best Stocks to Buy: Investors Reviews

Microsoft (MSFT):

Microsoft is one of the biggest tech giants in the whole world. According to the previous investors who have been buying MSFT stocks for about a decade now, it’s a great opportunity to become a successful trader. It offers great benefits but just like all the other big companies trading with Microsoft stocks is also challenging. It focuses on diversity and provides a great work-life balance.

Juan Johnson

Juan Johnson, 49,

New York


Apple AAPL:

Apple is one of the most successful companies and the very first to reach one trillion as well as two trillion US dollar milestones. According to the investor’s review, buying Apple stocks can be very lucrative. But you need to keep an eye on the overall stock market to make sure that buying Apple stock is the right decision for you.

Fannie Clapton

Fannie Clapton, 38,

Denver


PayPal Holdings:

PayPal Holdings is a digital payment company, and its stocks are a buy right now. It's a long-time member of the IBD Leaderboard. According to the investor’s review, the company is one of the best stocks to buy in 2023. William Danoff, who already hold PayPal Holdings shares, have bought even more even after a dramatic increase in its stock price.

Dylan Walton

Dylan Walton, 51,

London

FAQs

How can beginners buy stocks?

The best way for beginners to buy stocks is to create a stock brokerage account. Most of the online brokerages allow you to buy stocks within a matter of minutes. Moreover, these platforms also provide enough educational and research tools to make informed decisions.

Can you get rich by trading stocks?

If you are working with a single stock, then the chances of making a lot of money are very low. However, you can improve your portfolio by buying stocks of multiple companies and hold them for a long time. It'll increase the chances of making a significant amount of money.

How does buying stocks allow you to earn money?

Other than earning profit by selling your bought stocks, you can also make some money by shareholder dividends. Companies usually pay dividends in cash on a quarterly basis, but you can also make money on dividends in the form of additional stock shares.

How many shares can you buy of a stock?

If you want to buy stocks of a publicly-traded company, then there is no minimum order limit. You can even buy fractional shares as well.

Team that worked on the article

Alamin Morshed
Contributor

Alamin Morshed is a contributor at Traders Union. He specializes in writing articles for businesses who want to improve their Google search rankings to compete with their competition.

Over the past four years, Alamin has been working independently and through online employment platforms such as Upwork and Fiverr, and also contributing to some reputable blogs. His goal is to balance informative content and provide an entertaining read to his readers.

His motto is: I can dream or I can do—I choose action.

Alex Smith
Cryptocurrency and stock expert

Alex Smith is a professional day trader for a proprietary trading firm within the foreign exchange (forex) and crypto markets. His area of expertise is day trading and swing trading within the 15min-4hr time frames for both the London and NY open. At Traders Union, Alex is a firsthand experience expert, providing explanatory videos and tutorials on brokerage companies, how to open a trading account, how to withdraw profit, etc.

Mirjan Hipolito
Cryptocurrency and stock expert

Mirjan Hipolito is a journalist and news editor at Traders Union. She is an expert crypto writer with five years of experience in the financial markets. Her specialties are daily market news, price predictions, and Initial Coin Offerings (ICO). Mirjan is a cryptocurrency and stock trader. This deep understanding of the finance sector allows her to create informative and engaging content that helps readers easily navigate the complexities of the crypto world.