We have identified four stocks you should consider buying in 2023 because of their vast growth potential or historical stability.
Eli Lilly And Co (LLY)
Eli Lilly is a pharmaceutical giant, selling in around 125 countries all around the globe. Eli Lilly and Co made $28.5 billion in 2022 and held a significant market share in big pharma.
Lilly’s stock price closed at $114.2 in 2018 and is currently over $300 per share. Eli Lilly has seen some significant upside predictions but also weathers market volatility better than others during times of uncertainty.
Pharmaceutical and consumer staples have historically proved to be less volatile during economic instability.
T-Mobile U.S. (TMUS)
T-Mobile has been doing well for itself, making a revenue of $79.57 billion in 2022. T-Mobile showed an increase of 52% in revenue in 2020 compared to 2019. And being a historically stable stock only helps its case.
T-Mobile also acquired Sprint in 2020, increasing its capabilities and coverage. With the increase in 5G technology in everyday devices, it will be a good year for T-Mobile.
T-Mobile’s stock closed at $63.34 in 2018 and is currently priced in the mid to low $100s. These numbers and recent updates seem to offer T-Mobile an excellent, stable long-term investment.
Some analysts suggest the price per stock is expected to grow to $243.7 by the next five years. Ten wall street analysts indicate that right now, T-Mobile is a buy due to its strong position in the market, and the immediate forecasts show a possible return of $150 to $202 per stock.
Tesla’s growth is undeniable. Hand it to Elon; he is a visionary, albeit somewhat contentious in the media. Although Tesla is a volatile stock, we see significant price appreciation over the long term, and the demand for electric vehicles is early in its lifecycle.
Ron Baron, the founder of a highly successful investment firm ‘Baron Capital‘ suggests that Tesla stocks will hit $1500 a share by 2030. He also predicts that sales for Tesla will hit 20 million a year. Tesla was expected to sell 1 million autonomous cars in 2022 but surpassed this number by being able to sell 25% more than that, with a total of 1.25 million units sold.
In the U.S., the Tesla Model Y clocked in at number six as the most sold car. The U.S. is still a fan of trucks, which is why the Ford F-series took the number one spot for the vehicle most sold in the U.S. However, Tesla’s Cybertruck might give petrol-powered trucks a run for their money due to its promising features.
After Tesla’s bumpy ride over the past 12 months, we expect
Etsy has grown right before our eyes. The e-commerce website is a haven for drop shippers and is bound to continue growing as more people are looking to side hustles to supplement their income.
The website focuses on handmade or vintage crafts and is a big hit in the U.S. It has 5.3 million active users and is no stranger to pop culture trends.
Even Beyonce donned a cowboy hat for her tour designed by an Etsy seller/designer. Due to being such a hit among consumers, anyone can see this company’s growth potential in the U.S.
The company experienced a massive boost in sales when consumers were locked down in their houses due to COVID-19. This period cemented Etsy’s place as a stable company, earning them a revenue of $2.33 billion in 2021, a 35% increase from 2020.
According to WallInvestor, Etsy stocks are predicted to reach around $500 per stock by May 2026. This consensus makes Etsy one of the biggest potential long-term investment winners over the next several years.
Why Should I Invest in These Stocks?
With a recession looming, you should consider keeping your investments in companies that are growing and profitable with the potential to rebound significantly over the next three to five years. LLY and TMUS should offer increased stability, while TSLA and ETSY should offer huge growth potentials over the medium time horizon.
Josh is a financial expert with over 15 years of experience on Wall Street as a senior market strategist and trader. His career has spanned from working on the New York Stock Exchange floor to investment management and portfolio trading at Citibank, Chicago Trading Company, and Flow Traders.
Josh graduated from Cornell University with a degree from the Dyson School of Applied Economics & Management at the SC Johnson College of Business. He has held multiple professional licenses during his career, including FINRA Series 3, 7, 24, 55, Nasdaq OMX, Xetra & Eurex (German), and SIX (Swiss) trading licenses. Josh served as a senior trader and strategist, business partner, and head of futures in his former roles on Wall Street.
Josh's work and authoritative advice have appeared in major publications like Nasdaq, Forbes, The Sun, Yahoo! Finance, CBS News, Fortune, The Street, MSN Money, and Go Banking Rates. Josh currently holds areas of expertise in investing, wealth management, capital markets, taxes, real estate, cryptocurrencies, and personal finance.
Josh currently runs a wealth management business and investment firm. Additionally, he is the founder and CEO of Top Dollar, where he teaches others how to build 6-figure passive income with smart money strategies that he uses professionally.