Let’s take a look at the U.S. stock of the year for 2023 that most traders prefer. When trading in the stock market, keep in mind that while you hope to get a certain result, your emotions will kick in. The less of your emotions involved in the trading process, the better.
First, choose a reliable broker at https://topbrokers.com/. Hoping for a favorable transaction outcome may seem harmless enough. However, that hope can cause you to become emotionally involved. And the best way to take the emotion out of your trading is to stop hoping for profits.
The stock of the year 2022 in the U.S. is Tesla
The stock is down 61% since the beginning of the year, the worst year for Tesla since its IPO, that is, in 12 years. It’s not the individual news that plays against the stock, but the overall negative backdrop accompanied by rising trading volume. One of the problems is a 20% cut in production at the Shanghai factory and relocating part of the team from China to Texas.
Also, Tesla announced a promotional campaign in the U.S. with discounts on the Model 3 and Model Y. Previously there were no such programs because of the steady growth in sales. Also, Elon Musk closed a deal to buy Twitter and sold part of Tesla’s shares — the total package amounted to $23 billion.
2nd place — Occidental Petroleum
Since the beginning of the year, the stock is up 120%. Berkshire Hathaway has been buying large amounts of Occidental Petroleum stock for two consecutive quarters. The company has increased production and improved financial results this year.
From the beginning of this year through Nov. 7, $9.6 billion in debt was repaid — a 34% reduction in principal. The company’s long-term debt is about $20.5 billion; Occidental’s three-year goal is to reduce its debt to $15 billion. The company is conducting share repurchase programs.
3rd place — Alibaba
Since the beginning of the year, securities have fallen by 26%. Alibaba is under pressure from increased competition and a new wave of pandemic coronavirus in China. U.S. auditors completed their first on-site audit of Chinese companies, including Alibaba. There is still no clarity on the results.
The company didn’t disclose sales figures for the first time in 14 years on Bachelor’s Day. It said the results were in line with last year’s figure, which was the lowest ever. On a positive note, Chinese authorities have begun to abandon their zero-tolerance strategy for the spread of the coronavirus.
- The No. 4 spot 3 p.p. lower is for Apple, which was ranked second on the list of companies with the best management by the Peter Drucker Graduate School.
- The No. 5 and No. 6 spots go to Netflix, which has lowered its subscription costs; and Nvidia, which is growing in the data center market. Nos. 7 and 10 are for Hong Kong-based Xiaomi and jd.com. No. 8 and No. 9 are chipmaker AMD and crypto platform Coinbase, which are growing market share.
Experts’ opinions — which stocks to invest in?
Tesla is one of the market’s most popular securities. Earlier, assessing the changed fundamentals of growth companies, we saw and repeatedly noted the high risks of the stock falling into the $120-130 area, and now the stock is here. The main negatives from the capacity cuts, specialist relocation and Musk’s controversial purchases are already in Tesla’s price. The target demand area reached may already be attracting active players to the idea of at least a technical bounce out of oversold territory.
Occidental Petroleum — the main opening of 2022. The most profitable oil stock in the U.S. market, it moved from the second echelon to the list of heavyweights, increasing its value by more than 2 times in a year.
Hostess Brands. The stock of the year in the protective consumer goods sector can confidently be called the U.S. sweet snack manufacturer Hostess Brands (TWNK). The company’s best-known product is Twinkies soft cakes.
Apple stock is at the support level formed by the 2022 low. MacBooks were the revenue driver for Q3, and iPhones are selling worse than expected. Even so, 2022 was the first year that more iPhones than Android smartphones were used in the U.S. The company is developing financial services.
U.S. customers with Apple’s Tap to Pay technology will soon be able to accept contactless payments and use mobile wallets with an iPhone, the PayPal app or Venmo. According to CNBC, EPS could grow at an average annual rate of 22.6% over the next three to five years.