20 Best Stocks to Buy Right Now According to Financial Media

Usman Kabir
21 min read

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In this article, we discuss the 20 best stocks to buy right now according to financial media. If you want to skip our detailed analysis of these stocks, go directly to 5 Best Stocks to Buy Right Now According to Financial Media. 

The United States economy has been hit hard by inflation concerns in the past two years, forcing the central bank to raise interest rates in a bid to curb surging prices. Over the last few months, however, inflation numbers have started stagnating. Latest data indicates that even though inflation was clocked at 3.2% in February, up slightly from 3.1% at the end of January, the annual rate of inflation actually slipped from 3.9% at the end of January to 3.8% at the end of last month. The central bank aims to bring this number down to around 2% and pave the way to a loosening of monetary policy. 

Coupled with the resilience in the labor market, financial experts predict that positive growth numbers from the end of 2023 extend the runway for the central bank to act to bring down rates. Torsten Slok, the chief economist at private equity firm Apollo Global, recently told Financial Times that if the financial conditions continued to ease like they had done over the past few months, growth will likely remain strong, He also forecast that such conditions would allow the Federal Reserve to delay rate cuts. Ellen Zentner, the chief US economist at investment advisory Morgan Stanley, echoed these comments, noting that strong growth would extend the runway the Fed has to act over rate cuts. 

Despite uncertainty regarding financial policy, investors at the stock market have been bullish on the health of the US economy. Benchmark indexes like the S&P 500 and the NASDAQ Composite have rocketed since the start of the new year. The former is up nearly 9% year-to-date and the latter has grown by more than 10%. Key stocks like Microsoft Corporation (NASDAQ:MSFT), NVIDIA Corporation (NASDAQ:NVDA), and Apple Inc. (NASDAQ:AAPL) are also surging, the first two registering returns of 10.3% and 92% since the turn of the year. 

A prominent theme for growth this year is artificial intelligence. Jensen Huang, the CEO of chip maker NVIDIA Corporation (NASDAQ:NVDA), recently highlighted the steps that the firm was taking to emerge as a leader in this space. During the fourth quarter earnings call, Huang called the present AI boom an inflection point that had triggered a sense of urgency at the enterprise level to develop strategies in the AI world. He cautioned, however, that the AI supercomputer infrastructure and model algorithms remain an insurmountable obstacle for most.

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