There are thousands of stocks listed on the New York Stock Exchange, and it can be hard to know which ones to buy. In the current financial market environment, it is important to be patient and use a proven strategy. Some of the best stocks to buy right now include Eli Lilly, Exxon Mobil, Neurocrine Biosciences, Cardinal Health, and Texas Roadhouse. These companies are all well positioned to benefit from the second half of the year’s recovery.
One way to pick the best stocks is to consider the year-to-date performance of each stock. For example, the best S&P 500 stocks for 2022 are those that have outperformed their peers in the last year. However, the best stocks are not necessarily those that have the highest year-to-date returns, or those that have the highest growth. The best stocks to buy now depend on your risk tolerance and time horizon.
If you want to use a buy-and-hold strategy, the Motley Fool Stock Advisor is an excellent option. It costs $199 a year, but a new subscriber can get the next 12 months’ worth of picks for just $79 a month. This stock pick from January 2019 has gained over 61% since the Fool recommended it.
For those who want to protect their portfolio against recession, investing in energy stocks might be a good idea. These stocks are cheap and underowned relative to the broader market. In addition, energy stocks pay some of the highest dividends in the market. For example, Chevron currently yields 3.8%.