The stock market ends the year in style, as does Barron’s favorite choices for 2023.
Every December for 14 years, Barron’s has selected 10 stocks that are good bets to outperform the market over the next 12 months.
The 2023 group, which included Delta Airlines And Comcastamong others, led the market with a return of 31% on average including reinvested dividends, compared to 24.5% for the S&P 500. The 2022 group beat the index by 10 percentage points, while we lagged slightly on the market in 2021.
To beat the market this year, you probably needed exposure to the Magnificent Seven…Apple, Microsoft, Amazon.com, Alphabet, You’re here, NvidiaAnd Metaplatforms. And we did it. We included Amazon.com and Alphabet, which were trading cheap a year ago, and which powered our list for 2023. But our picks, as is typical, had a value bias. The biggest winner was the home builder Toll Brotherswhich more than doubled, thus helping to compensate our big loser, the aluminum miner Alcoawhich reported a negative result of 29%.
