There was a time once when almost all the traders and investors in India dreamt about trading or investing in the US stock market, but it wasn’t that easy. Now in 2022, there are multiple global and domestic investing platforms that allow you even to buy Google shares from India.
Now the problem has shifted from how to buy stocks in the US market to which stocks to buy in the US market. While investing platforms like Stockal make it easier to buy Nasdaq shares from India, the US market still offers many other options.
While the US market is a sea of red right now, it is still a great time for us Indians to invest in this market and diversify our portfolios geographically. Even if the S&P 500 is down for over 21% YTD (year-to-date) along with the Nasdaq composite falling more than 30%, here are a few hot stocks in the US market that Indians should buy.
The Best Stocks to Buy Right NOW!
1. Amazon (NASDAQ:AMZN)
- Market Cap: $1.36 Trillion
- Dividend Yield: 0%
- Performance: The stock price has decreased by more than 33% year-to-date (YTD) and more than 38% over the past year.
- Price-to-earnings ratio (P/E ratio): 120.04
It is very obvious that Amazon is on top of this list. And it’s not just because it’s a high-performing stock but also because Amazon’s market hold in India is undeniably stronger than its competitors. Amazon had over 200 million Prime subscribers back in 2021, and the Amazon marketplace had 6.3 million sellers, with 387,000 new sellers in 2022. It is the top eCommerce platform globally!
Even after the company lost about a third of its value this year alone, why is it still on this list? That too on top?
Well, this e-commerce giant has demonstrated the ability to withstand economic turbulence. The company’s stock price remained unaffected by the COVID-19 epidemic when other stocks took major hits.
The company saw ups and downs, but its solid foundations helped it survive the collapse of the dot-com bubble and the Great Recession. The stock may currently be trading lower, but that trend isn’t likely to continue indefinitely. And if history is any indication, the company knows how to handle the ups and downs and turn the red into green.
2. Visa Inc. (NYSE: V)
- Market Cap: $434.06 Billion
- Dividend Yield: 0.71%
- Performance: The stock price has decreased by 3.25% year-to-date (YTD) and more than 10.45% over the past year.
- Price-to-earnings ratio (P/E ratio): 32.20
If you are seeking dividend growth stocks, then this is one of the best US stocks in your portfolio. Even if its stock price has taken a hit, the company increased its revenue by 25% compared to this same quarter last year.
Visa’s strong results this year prove its stable and robust business model. The company’s net income increased by 21%, while its operating income is up by 34% compared to the past year. Earnings per share have also increased by almost 23%.
Visa is known for its adaptation to newer technologies, which puts it above its competitors. The only risk factor Visa faces is the global recession. The global recession will affect business transactions, but this is just temporary. Things will bounce back, and the risk will be lower in the long term eventually.
3. Meta Platforms Inc. (NASDAQ: META)
- Market Cap: $439.29 Billion
- Dividend Yield: 0%
- Performance: META has fallen 51.57% year-to-date (YTD) and 54.97% over the past year.
- Price-to-earnings ratio (P/E ratio): 13.55
The fourth most frequent stock in ETF portfolios is Meta Platforms, previously Facebook, a favourite on Wall Street. However, the previous year was difficult. Even though most investors might want to flee, there is an opportunity.
When inflation worries first surfaced earlier this year, the IT sector yanked the rug out from under the stock, which had a history of phenomenal price rises.
The declines have given rise to a rare opportunity: a growth stock that can make value investors salivate. While the P/E of the S&P 500 is above 19, Meta’s P/E is currently around 12.
Meta provides a special chance to invest in a stock that has significantly outperformed the market in the past but at a significant discount to the business’s current market value.
4. Shopify (NYSE:SHOP)
- Market Cap: $41.71 Billion
- Dividend Yield: 0%
- Performance: SHOP has fallen 75.65% year-to-date (YTD) and 77.64% over the past year.
- Price-to-earnings ratio (P/E ratio): –
Shopify has become a force because of its “one-stop shop” strategy for allowing eCommerce. Unlike other eCommerce companies aside from Amazon, it now has more e-commerce revenues via its network. Shopify, though, might only be getting started. As more retailers turn their attention to online sales, the platform’s $4.8 billion in revenue over the previous year represents just a small portion of the estimated $153 billion (and growing) market opportunity.
Less than 15% of retail sales in the United States are made online, indicating that e-commerce is still in its infancy. Shopify appears to be a clear pick for the best stocks to purchase in 2022, with shares down significantly in the most recent market collapse.
5. Devon Energy Corp (NYSE: DVN)
- Market Cap: $44.75 Billion
- Dividend Yield: 6.82%
- Performance: DVN has grown more than 49.95% year-to-date (YTD) and 84% over the past year.
- Price-to-earnings ratio (P/E ratio): 8.66
A fantasy for income investors is Devon Energy. The corporation has the S&P 500’s top dividend-paying stock. With a long history of outstanding performance,
Devon Energy is a powerhouse in the oil and gas industry. The share price increase is anticipated to continue after over 80% growth over the past year.
It has a solid credit rating and a balanced sheet. The corporation has access to the funds it needs to pay dividends even when the oil and gas industry isn’t doing well.
With the expected ban on Russian oil imports, oil prices are surely going up, and so is the value of oil companies like DVN. Not just this, but their quarterly dividend checks are also a great indicator of why this stock should be in your portfolio.
Conclusion
The above-mentioned stocks are some of the best ones from the US stock market to support your portfolio while the market continues to fall. Each of them is a large-cap stock, given the status of the market, and the majority of them employ a more cautious approach to investing.
Don’t let the temporary fall in the stock market scare you away from investing and wasting a massive earning opportunity. But, make sure you do it efficiently and smartly using the right platform.
Use Stockal to start investing in the US market with robust security, Easy onboarding, the option to invest in fractional stocks, and much more. Use their world-class research and analysis options to conduct your own research on the above-listed stocks before making any investment decision.
