Investing in the stock market can be a profitable way to grow your wealth over time. However, with so many options available, it can be challenging to determine which stocks are worth buying. That’s where the Traders Union comes in. Their team of experts has analyzed market trends and identified the top stocks to buy now for long-term growth. They have shared their picks and provided insight into why they believe these stocks are worth investing in. So if you’re looking for guidance on what stocks to buy now in Malaysia, Traders Union experts prepared such for you.
Apple Inc. (AAPL)
When government-backed goliaths like Saudi Aramco are disregarded, Apple Inc. (AAPL) becomes the largest publicly traded firm in the world. Investors in AAPL shares, like with other technology equities, had a tough 2022 as fears of a recession and rising interest rates scared away buyers.
Apple’s current valuation of $2.5 trillion makes its current stock price of 27 times profits an attractive entry point for investors. Its most recent earnings report was below estimates. However, this was attributable more to supply chain hiccups than to customer demand.
In reality, Apple’s high-margin services business brought in more than $20 billion in sales, and the company reported an active-installed base of more than 2 billion devices.
Citigroup Inc. (C)
The next on our list is Citigroup, a global financial institution with assets of almost $90 billion spread between retail and investment banking. Citigroup provides a double benefit to its shareholders: First, it has a dividend yield of 4.5 percent, which is above average in this era of rising interest rates and excessive inflation. Importantly, Citigroup only uses about 30% of its profits to cover its dividend payments, making them sustainable over the long term. Along with a hefty dividend,
Amazon.com Inc. (AMZN)
One of the ten greatest stocks to buy for 2023 is Amazon.com Inc. (AMZN), the dominant online retailer after its shares lost 50% of their value in 2022. Inflationary costs, a lack of available workers, difficulties in the supply chain, and flagging consumer confidence were all to blame.
However, the market was far too quick to dismiss Amazon, whose shining star is Amazon Web Services, a sizable, rapidly expanding division that generates significant profits. More than $85 billion dollars is expected to be earned by AWS this year alone. Considering Microsoft Corporation’s competition in the cloud computing market.
Walt Disney Co. (DIS)
When choosing stocks for long-term investment, a company’s management is a key factor to look at. Disney has that in spades, especially now that longstanding CEO Bob Iger has returned. Before handing over the reins to Bob Chapek in February 2020, Disney CEO Bob Iger, widely regarded as one of the best CEOs since the turn of the millennium, oversaw a string of hugely successful acquisitions, including Pixar, Marvel Entertainment, and Lucasfilm. In the first earnings report since Iger’s return, Disney reported record earnings and revenue in February.
PayPal Holdings Inc. (PYPL)
Despite expected earnings per share of $4.13 in 2022, better than any year between 2018 and 2020, PayPal, a time-tested and well-run financial business, is trading for less than its 2020 pandemic lows. Due to the worsening economic climate and the termination of its profitable partnership with eBay Inc. (EBAY), the company’s stock dropped by 62% in 2022.
Despite a five-year average P/E of 36.5%, shares are currently trading at around 15 times profit projections for 2023. The lowest price-earnings ratio for PayPal was 20.3 between 2015 and 2021. Amazon now accepts Venmo, exposing PayPal to Amazon’s massive online marketplace, and the company just announced a partnership with Apple Pay to enable merchants to accept PayPal and Venmo cards.
