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Best Stocks To Buy For Beginners Right Now

June 6, 2024

Making wise stock selections for your portfolio and investment objectives is a crucial first step on the road to stock market wealth creation.

A beginner investor may find it difficult to determine which stocks to add to their brokerage portfolio because there are thousands of them to choose from. It is also made harder by the current state of the market. However, investing in the stock market will offer you one of the best and most reliable returns of any available investment avenue.

You’ll discover 15 of the top stocks for novice investors in this article. I’ll also go through some basic investment principles and advice that influence my choices.

1. Amazon (NASDAQ: AMZN)

Price: $135.39 (as of close Jul 29, 2022)

Revenue Growth: 13.99%

2. Alphabet (NASDAQ: GOOG)

Price: $115.48 (as of close Jul 29, 2022)

Revenue Growth: 37.45%

3. Apple (NASDAQ: AAPL)

Price: $161.51 (as of close Jul 29, 2022)

Revenue Growth: 18.63%

4. Costco Wholesale (NASDAQ: COST)

Price: $546.81 (as of close Jul 29, 2022)

Revenue Growth: 16.56%

5. Disney (NYSE: DIS)

Price: $106.22 (as of close Jul 29, 2022)

Revenue Growth: 31.32%

6. Meta Platforms, Inc (NASDAQ: META)

Price: $159.93 (as of close Jul 29, 2022)

Revenue Growth: 26.77%

7. Mastercard (NYSE: MA)

Price: $350.54 (as of close Jul 29, 2022)

Revenue Growth: 28.80%

8. Microsoft (NASDAQ: MSFT)

Price: $278.01 (as of close Jul 29, 2022)

Revenue Growth: 20.37%

9. Netflix (NASDAQ: NFLX)

Price: $226.21 (as of close Jul 29, 2022)

Revenue Growth: 15.20%

10. Nike (NYSE: NKE)

Price: $114.3 (as of close Jul 29, 2022)

Revenue Growth: 21.59%

11. Pinterest (NYSE: PINS)

Price: $19.99 (as of close Jul 29, 2022)

Revenue Growth: 39.97%

12. Shopify (NYSE: SHOP)

Price: $36.44 (as of close Jul 29, 2022)

Revenue Growth: 39.98%

13. Spotify (NYSE: SPOT)

Price: $115.35 (as of close Jul 29, 2022)

Revenue Growth: 24.49%

14. Teladoc Health (NYSE: TDOC)

Price: $36.81 (as of close Jul 29, 2022)

Revenue Growth: 56.89%

15. Tesla (NASDAQ: TSLA)

Price: $891.83 (as of close Jul 29, 2022)

Revenue Growth: 73.04%

What Stocks Are the Best for Novices?

In contrast, between February and May, there were sharp sell-offs in a number of growth stocks. Many of these growth stocks have recovered as we move into the fall, but if your portfolio has become overly concentrated in shares with significant future growth already priced in (like Tesla, Pinterest, and Teladoc from the list above), you might want to add the following businesses that not only profit from the economic “reopening,” but are also valued more in line with “value stocks” that have outperformed so far in 2021.

Disney: The Disney corporation will see positive economic growth from the return of cruise ships and blockbuster movies to theatres, in addition to the benefits from its theme parks.

Costco: Despite the epidemic, Costco had a 13% increase in revenue and a 15% increase in profits over the past year. Costco is facing less competition as brick-and-mortar rivals disappear. In addition, Costco saw a 50% increase in internet sales during the 2020 fiscal year. The enhancements Costco made to its e-commerce platform should continue to pay off even after the pandemic has passed.

Mastercard: While the majority of online purchases are made with credit cards, Mastercard (and competitors like Visa) should benefit in the years to come from the resurgence of expenditure sectors like tourism.

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