Best Stocks To Buy Now: October 23, 2022

The stock market can sometimes be scary. Unexpected events such as natural disasters, political upheavals or corporate scandals can cause major market declines and the loss of billions of dollars for investors. However, these situations also present opportunities for savvy investors. When markets are volatile and other investors are scared, strategic investors should start looking for good stocks to buy. This article will look at some of the best stocks to buy now based on various factors such as valuation, upside potential, and risk.

META (NASDAQ: META)

Competitor OnlyFans - Meta PlatformsMeta is one of the best stocks to buy now for several reasons. First, the company has made significant progress towards its 2020 goals, such as generating revenue from the “attention economy” and developing new technologies such as the Oculus virtual reality headset. This means that Meta’s revenue growth is set to continue and its revenue-generating potential is possibly at its highest. Additionally, Facebook has a relatively low forward earnings multiple of 26, making it a relatively inexpensive buy compared to its tech peers. Meta could be a great addition to a well-balanced portfolio and is a great stock to buy now.

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Alphabet Inc Class A (NASDAQ:GOOGL)

StockGoogleAlphabet Inc Class A (NASDAQ:GOOGL) is another of the best stocks to buy now for several reasons. The company has made significant progress towards its 2020 goals and recently announced its intention to move into the development of health-related services. This could potentially mean substantial revenue growth for Alphabet, making it a great buy now. This trend is expected to continue and analysts expect earnings per share to hit $36.32 in 2020. Additionally, Alphabet has a relatively low forward earnings multiple of 19, making it a relatively inexpensive buy compared to other tech stocks. Alphabet could be a great addition to a well-balanced portfolio and is a great stock to buy now.

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HubSpot (NYSE:HUBS)

HubSpot Inventory
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The company is a marketing software provider that offers a variety of solutions, such as CRM, marketing automation, and analytics. HubSpot primarily focuses on the SMB sector. HubSpot’s marketing automation platform is a core product offered by the company. HubSpot has seen strong growth in recent years. HubSpot’s growth appears to be driven by a shift in the marketing landscape towards digital channels such as social media and email marketing. HubSpot has entered into a strategic partnership with Amazon Web Services to provide its customers with a cloud-based CRM solution. This partnership offers its customers a variety of benefits, such as integration with other AWS products and a reduction in the cost of the CRM solution.

T-Mobile USA (NASDAQ: TMUS)

T-Mobile US Stocks
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T-Mobile is a wireless carrier that offers its customers a wide range of communication services. The company is one of the largest players in the telecommunications sector. T-Mobile is currently the fastest growing wireless carrier in the United States. The company has been able to grow its subscriber base at a rapid pace, with net additions being positive for the past five consecutive quarters. The company’s growth is mainly driven by aggressive marketing strategies and a move towards a more expansionary approach. T-Mobile aggressively markets its services through traditional advertising platforms such as television, online advertisements and social media channels.

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Conclusion

The stock market is a fickle beast. It may be the best place to build wealth, or it may be a money-draining monster. It all depends on the types of actions you choose. These four stocks to buy now are great because they’re solid companies that aren’t likely to make you lose money. These are great stocks to buy now because they’re all reasonably priced, have huge return potential, and minimal risk. So keep these actions in mind the next time the market turns volatile.

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