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I’m not a short-term investor by any means. When I buy a stock, I hope to hold it for decades.
However, there are some stocks — especially a few that have been beaten down in the recent market downturn — that could have an excellent 2023 if things go well. In this short video, I discuss the basket of five stocks I believe will outperform the overall stock market this year.
**Stock prices as of Jan. 9, 2023. This video was published on Jan. 11, 2023.
Bank of America is an advertising partner of The Ascent, a Motley Fool company. Wells Fargo is an advertising partner of The Ascent, a Motley Fool company. John Mackey, former CEO of Whole Foods Market, an Amazon subsidiary, is a member of The Motley Fool’s board of directors. Matthew Frankel, CFP® has positions in Amazon.com, Bank of America, Berkshire Hathaway, Pinterest, Redfin, SoFi Technologies, and Wells Fargo. The Motley Fool has positions in and recommends Amazon.com, Bank of America, Berkshire Hathaway, Pinterest, and Redfin. The Motley Fool recommends the following options: long January 2023 $200 calls on Berkshire Hathaway, short February 2023 $7 calls on Redfin, short January 2023 $200 puts on Berkshire Hathaway, and short January 2023 $265 calls on Berkshire Hathaway. The Motley Fool has a disclosure policy. Matthew Frankel is an affiliate of The Motley Fool and may be compensated for promoting its services. If you choose to subscribe through their link they will earn some extra money that supports their channel. Their opinions remain their own and are unaffected by The Motley Fool.
*Average returns of all recommendations since inception. Cost basis and return based on previous market day close.
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