Introduction

The economy may be unstable, but you can still use highly rated equities to diversify your portfolio.

The 2022 stock market has been turbulent. Throughout 2022, the Federal Reserve has been actively tightening monetary policy to combat inflation, and this trend is anticipated to continue into the early years of 2023. Many platforms provide the services of trading and investing, like briansclub. Uncertainty in the economy has been exacerbated by factors such as the Ukraine conflict and supply chain interruptions. Although the future is uncertain, investors may protect themselves from loss by spreading their money over many assets. The research department at Bank of America keeps tabs on a wide range of excellent stock recommendations in the United States. According to Bank of America, these are the best stocks to purchase in each of the eleven market segments:

IT - Microsoft Corp. (MSFT)

Microsoft is the biggest software maker in the world, and its products, including the Windows OS, the Office productivity suite, and the Azure cloud services business, are all very popular. According to analyst Brad Sills, Microsoft's recent slowdown in Azure revenue growth is temporary. From a meagre 7% in 2023, he anticipates a whopping 13.2% increase in total revenues in 2024. According to Sills, Microsoft has a chance to substantially enhance its margins while maintaining double-digit annual sales growth for at least the next three years. While MSFT shares ended at $244.43 on Dec. 21, Bank of America has set a "buy" rating and $300 price objective on the company.

Consumer choice: Starbucks Corp. (SBUX)

When it comes to selling coffee and related goods, Starbucks is unrivalled worldwide. According to Bank of America analyst Sara Senatore, Starbucks' fiscal fourth-quarter same-store sales growth of 11% in the United States crushed sky-high market forecasts and blew away all other restaurant companies. Senatore believes that China's 16% quarterly dip in same-store sales growth was still better than projected. Sales leverage, U.S. efficiency gains, and at least a partial comeback in China are just a few of the 2023 opportunities she sees for the firm. For SBUX shares, which ended trading on Dec. 21 at $98.67, Bank of America has a "buy" rating and a $109 price target.

Communication: Alphabet Inc. (GOOG, GOOGL)

Alphabet, Inc., the holding company for Google and YouTube, is an industry giant in online marketing and search. By Dec. 21, Class A shares had dropped by 38.2%, making it the poorest-performing stock. According to analyst Justin Post, long-term investors should take advantage of the current dip in Alphabet share prices. Post argues that Alphabet is a defensive stock with solid value, and he predicts that the company's sales will expand by 7.3% in 2023. While GOOGL shares ended at $89.58 on Dec. 21, Bank of America has set a "buy" rating and $114 price objective on the company.

Medical industry - Pfizer Inc. (PFE)

Pfizer, one of the greatest pharmaceutical firms in the world, and its partner company, BioNTech SE, created a successful COVID-19 vaccine (BNTX). To compensate for the impending loss of patent protection on its current portfolio of pharmaceuticals, Pfizer has set a target of generating at least $45 billion in new drug income by 2030. According to analyst Geoff Meacham, the company is on track to meet this objective. Meacham claims that Pfizer's long-term promise in many areas was emphasised during the company's recent analyst day event, including vaccines, migraine headaches, inflammation, immunology, cancer, diabetes, and obesity. Although PFE stock ended at $51.66 on Dec. 21, Bank of America has assigned it a "buy" rating and a $60 price target.

Consumer staples: Coca-Cola Co. (KO)

Coca-Cola is the undisputed market leader in the soft drink industry. Coca-recent Cola's profit improvement, according to analyst Bryan Spillane, has been driven entirely by increased pricing. Spillane warns that profit growth in 2023 is not certain because of the fragility of European consumers and tough year-over-year comparisons. While EPS growth is expected to slow to 0.8% in 2023, he expects it to drop to 8% in 2024. According to Spillane, Coca-Cola is the greatest beverage firm in the long run because of its clear strategy and impressive growth record. Stock in KO, which ended trading on Dec. 21 at $63.80, has a "buy" rating and a $65 price target at Bank of America.

Financials: Ares Management Corp. (ARES)

Ares Management ranks high among the world's biggest corporations in its field, alternative asset management. According to analyst Craig Siegenthaler, the business stands to gain significantly in the next four quarters due to the success of its two REITs, and the net realised performance fees from its 2017-18 vintage flagship credit funds. Ares expects its fee-related profits to increase by at least 20% each year until 2025. Siegenthaler has praised the firm for offering an unusual blend of offensive and defensive investing attributes. The stock of ARES, which ended on Dec. 21 at $68.79, has a "buy" rating from Bank of America and a "buy" price objective of $103 per share.

Whatever sector you choose, you should invest through a trusted platform like briansclub.