Best Stocks For October 2023

Transocean Ltd., headquartered in Steinhausen, Switzerland, offers offshore contract drilling services for oil and gas wells globally. The company contracts its mobile offshore drilling rigs—along with related equipment and work crews—to drill oil and gas wells. Forbes Advisor has curated this list of the 10 best performing stocks that have delivered the highest returns over the last 12 months. Our picks also feature high trading volumes and sizable market caps, in order to weed out questionable gainers. The stocks on this list have achieved market-beating gains thanks to impressive and sustained buying pressure. One of the best short-term investments can be high-flying stocks that see outsized gains over the near term.

  • Tractor Supply is the largest retailer of farm-and-ranch supplies and equipment in America.
  • Yet another Dividend Aristocrat, BF.B proves that steady and rising dividends really add up over time.
  • Not long ago, Microsoft’s (MSFT) glory days looked to be behind it as sales of desktop PCs slipped into a seemingly irreversible decline amid the consumer shift to mobile technology.
  • That includes positive earnings for the most recent quarter and for the sum of the most recent four quarters.

But a more lucrative way might be to scour through the underperforming stocks and find the businesses that will eventually go back into favor, allowing you to buy low and sell high. Berkshire Hathaway is almost famous, perhaps even notorious, for eschewing dividends, even though many of Buffett’s coveted positions are in dividend-yielding stocks. Sure, Berkshire could give some cash back to shareholders for a few percentage points of extra return. But surely the greatest value investor in history can do better by shareholders by deploying that capital in something more productive. Analysts expect the company’s 15,227 stores in 44 states to generate sales of $27.5 billion next year. Earnings are forecast to increase at an average annual rate of 14% for the next five years.

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Shares of what was then known as Google – the corporate name was changed to Alphabet in 2015 – were initially offered to the public less than 20 years ago. And by the end of the first trading day in 2004, the company was worth $27 billion. Berkshire also has been a vehicle for Buffett to invest in stocks, which he has done shrewdly and successfully. Buffett’s single biggest investment, at 39% of Berkshire Hathaway’s portfolio, makes a starring appearance on our list below.

The stock was dropped from the Dow in 2013, and Hewlett-Packard split into two companies, HP Inc. and Hewlett Packard Enterprise (HPE), in 2015. HP Inc. carries on the legacy of the original stock, which was first listed on prtrend the New York Stock Exchange in 1961. The stock market’s biggest winners can be a great place to find future returns, since winners often keep on winning. Of course, past performance is no guarantee of future performance.

  • While revenue has been on the decline due to an increase in competition from other brands, the company still boasts a high return on equity.
  • This European Dividend Aristocrat has a quarter-century of stable or rising payouts to its name.
  • Unlike PepsiCo, Coca-Cola doesn’t have the equivalent of Pepsi’s Frito-Lay snack business to offset slumping soda sales.
  • A key to building high stock market returns is to let your portfolio weather the periods of price drops due to economic events that are bound to happen over time.

JPMorgan Chase’s (JPM) third-quarter profit surges 35% year-over-year, to $13.15 billion, as the bank beats analysts‘ expectations on earnings and revenue. The firm generates more interest income than expected, while credit costs come in lower than expected. But since Berkshire Hathaway only owns less than 1% of the company, that gain barely makes a dent with a $16.7 million gain. It’s such a powerful rally shares of the cable operator are now up 32% this year, nearing Apple’s run.

While these hot stocks have performed well recently, that’s in the past now. As an investor you’ll need to determine whether the stocks are likely to go up in the future, if you want to buy them. That requires a lot of work to understand the company, the industry, its competitive situation as well as analyzing the company’s statements such as its balance sheet.

SEE ALSO: 101 Best Dividend Stocks for 2019 and Beyond

The ability of these companies to innovate and identify new revenue streams has kept their businesses thriving. This is what makes them some of the best-performing stocks in the market. Exxon is one of those old horses that has created a significant amount of wealth for its shareholders over several decades. The stock was characterized by a reliable and growing dividend payment for a really long time.

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Boeing’s history reaches back a century, but it really came into its own in the post-World War II period with the explosive growth of commercial aviation. Boeing’s shares have been a long-time market-beater, but they’ve taken off over the past year. Although 2017 returns aren’t included in Bessembinder’s study, the stock price aafx trading review nearly doubled last year — a remarkable one-year return for such an established blue-chip stock. Earlier known as Philip Morris, Altria was formed in 2008 after the company separated its international business. The growth was more pronounced before the split, but Altria has managed to generate steady revenue income.

He runs TradeThatSwing.com, has authored several trading courses and books, coaches individual clients, and regularly trades stocks, currencies, and ETFs. The company has been providing IT infrastructure support since 1965 and connects more than 750,000 customer sites. It strives to be a company with a strong ESG (environmental, social, and governance) code of conduct.

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Some of Abbott’s better-known products include the likes of Similac infant formulas, Glucerna diabetes management products and i-Stat diagnostics devices. Income investors should raise a glass to Brown-Forman (BF.B, $47.06). Yet another Dividend Aristocrat, BF.B proves that steady and rising dividends really add up over time. Walgreens Boots an introduction to dukascopy Alliance (WBA, $69.57) traces its roots back to a single drugstore founded in 1901 and, boy, has it come a long way ever since. It merged with Alliance Boots – a Switzerland-based health and beauty multinational – in 2014 to form the current company. In late 2017, it struck a deal to purchase 1,932 Rite Aid (RAD) stores for $4.38 billion.

Apple

It was first added to the Dow in 1916, when the average expanded to 20 companies from 12. As part of the merger, Texaco service stations were sold to Shell, now part of oil major Royal Dutch Shell (RDS.A). It was an anticlimactic end for one of the last independent oil companies.

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The stolen information included names, Social Security numbers, birth dates, addresses and driver license numbers. Last year, the company said it discovered an additional 2.4 million consumers were affected by the data breach. The company is a major defense contractor, manufacturing everything from rockets to satellites to military tilt-rotor aircraft such as the Osprey.

Larry Ellison is still with the company after 40 years, though now in the role of chief technology officer. Management, led by co-CEOs Mark Hurd and Safra Catz, is in the midst of a major transformation, trying to reinvent the company and embrace the rush to cloud-based services. The biotech industry has long held allure for investors looking for outsized returns, and Amgen is part of the reason why. The world’s largest biopharmaceutical company has created an eye-popping level of wealth for shareholders in its relatively short life. Current best-sellers include Neulasta, which helps prevent infections in chemotherapy patients, and Enbrel, which is primarily used to treat autoimmune diseases such as rheumatoid arthritis.

The modern-era Union Pacific was formed in 1969 to manage what had become a spaghetti-like mix of routes. Warren Buffett once held a 2% stake in Union Pacific, but sold it when Berkshire Hathaway (BRK.B) bought competitor BNSF in 2009. Buffett has always had an affinity for railroads because he believes they form the backbone of the U.S. economy. Eventually, the overall market will be on a steady enough footing that investors won’t be worrying about safe-haven stocks like UnitedHealth. Oil prices will eventually be under more long-term (and perhaps permanent) pressure. On the flip side, Amgen’s dividend yield of 3.2% is compelling, and its forward-looking price-to-earnings ratio of 14 is about as cheap as you’ll find with any biopharma stock right now.

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