3 Great U.S. Stocks to Invest in Right Now

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3 Great U.S. Stocks to Invest in Right Now

Amazon, Tesla, and Microsoft have demonstrated their ability to innovate, adapt to market trends, and maintain a strong competitive position.

Stephanie Bedard-Chateauneuf, MBA ❯

Stephanie has been writing for The Motley Fool Canada since 2017. Stephanie is a stock lover who likes to invest for the long-term. She specializes in writing about consumer stocks, pot stocks, tech stocks, and personal finance. Stephanie received an MBA in finance and worked for National Bank of Canada. Follow her on Twitter to keep up with her latest work!

Published January 24, 2024 10:00 am EST

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Investing in stocks is like planting seeds that can grow into wealth over time. In the U.S., there are lots of opportunities to pick good stocks. Let’s talk about three great U.S. stocks that you might want to think about putting in your investment portfolio.

Amazon

Founded by Jeff Bezos in 1994, Amazon (NASDAQ:AMZN) is not just an online store; it has evolved into a multifaceted conglomerate continually expanding its horizons. Renowned for its dominance in online shopping, Amazon operates a colossal global marketplace, delivering a vast array of products and services. The introduction of Prime Shipping has cultivated a loyal customer base, relying on Amazon for everything from daily essentials to entertainment.

Amazon’s cloud computing division, Amazon Web Services (AWS), has emerged as a major player in the rapidly growing cloud services market. AWS offers scalable and cost-effective solutions to businesses, significantly contributing to Amazon’s overall profitability.

Diversification remains a key strategy for Amazon, evident in its foray into the healthcare sector through the acquisition of PillPack and the launch of Amazon Pharmacy. This strategic move positions the company to capitalize on the evolving healthcare landscape, providing consumers with enhanced convenience and efficiency.

Despite its well-established status, Amazon continues to exhibit robust growth and innovation. Recent financial reports underscore its impressive revenue growth, and the stock has demonstrated resilience amid market fluctuations. While the share price may appear high, the company’s long-term growth potential and diverse revenue streams make Amazon an appealing investment option.

Tesla

Led by the visionary Elon Musk, Tesla (NASDAQ:TSLA) has become synonymous with innovation in the electric vehicle (EV) industry. The company’s mission to accelerate the world’s transition to sustainable energy has garnered widespread attention, and Tesla’s stock has experienced remarkable growth in recent years.

Tesla’s standout achievement lies in mainstreaming electric vehicles. Models like the Model 3 and Model Y have propelled Tesla to leadership in the EV market. The company’s focus on energy efficiency, cutting-edge technology, and autonomous driving capabilities sets it apart from traditional automakers.

Expanding beyond electric cars, Tesla has ventured into solar energy solutions and energy storage. The acquisition of SolarCity in 2016 enabled Tesla to integrate solar panels with energy storage systems, offering consumers a comprehensive renewable energy package.

Despite occasional stock market volatility influenced by factors such as production challenges and market sentiment, Tesla’s long-term prospects remain promising. As the demand for clean energy solutions continues to grow, Tesla is well-positioned to capitalize on the global transition to a sustainable future.

Microsoft

Founded by Bill Gates, Microsoft (NASDAQ:MSFT) has evolved into a diversified powerhouse with a significant presence in software, cloud computing, hardware, and gaming. The company’s resilience and adaptability to industry trends make it a solid choice for long-term investors.

While Microsoft’s flagship product, the Windows operating system, remains a cornerstone of its business, the transition to a cloud-centric model has been a pivotal driver of growth. Microsoft Azure, the company’s cloud computing platform, competes with industry leaders like AWS and has gained substantial adoption globally.

In addition to cloud services, Microsoft’s productivity and business solutions, including Office 365 and Dynamics 365, contribute significantly to its revenue. The strategic acquisition of LinkedIn in 2016 further strengthened Microsoft’s position in the professional networking space.

Microsoft’s entry into the gaming industry with Xbox and the subscription-based service, Xbox Game Pass, has created a reliable stream of recurring revenue. The recent acquisition of ZeniMax Media, the parent company of game publisher Bethesda Softworks, enhances Microsoft’s gaming portfolio.

With consistent revenue growth and a commitment to innovation, Microsoft remains a stable and reliable investment option among U.S. stocks. The company’s ability to adapt to changing market dynamics and embrace emerging technologies positions it as a top stock for investors seeking exposure to the technology sector.