The Best US Stocks to Buy Now

 Where might investors expect to see growth in 2022?

With academics throughout the world lowering their economic estimates for 2022 and beyond, investors may find it increasingly difficult to locate dependable growth equities to buy. So far, there have been no convincing indicators that the Federal Reserve's strong tightening efforts are significantly lowering inflation.

Value equities have outperformed growth stocks this year, despite growing concerns about rising interest rates and the prospect of a US recession. Bank of America just updated its Growth 10 list of the best growth stocks to buy for long-term growth. 

The following are The Best US Stocks to Buy Now.
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Amazon Inc. (ticker: AMZN)

Amazon, the e-commerce and cloud services behemoth, has been one of the best-performing growth stocks of all time. Unfortunately, Amazon's stock is down 36% year to date as revenue growth slowed to 7.3 percent in the first quarter. Analyst Justin Post believes Amazon's long-term growth story has legs, and he believes the company's recent efforts in increasing its logistics will pay off in the coming years as Amazon grows into its expanded capacity. According to the Post, Amazon will account for 5% of worldwide e-commerce delivery by 2026. The stock, which underwent a 20-for-1 split earlier in June, has a "buy" rating and a $3,770 price target from Bank of America. The post-split target is $188.50. On June 28, AMZN closed at $107.40. 

Meta Platforms Inc. (META)

Meta Platforms, the owner of Facebook, Instagram, and other platforms, is a market leader in social media and online advertising. Meta shares are down more than half a year to date, following Facebook's first-ever dip in daily active users in February, followed by a poor first-quarter earnings announcement in April. Meta recently announced layoffs and reduced investments in its Reality Labs metaverse branch. In comparison to other growth firms, Post claims that Meta's advertising division delivers recession-resistant profitability. META stock, which closed at $160.68 on June 28, has a "buy" rating and a $262 price target from Bank of America. 

Alphabet Inc. (NASDAQ: GOOG, GOOGL)

Alphabet, the parent firm of Google and YouTube, is one of the world's top internet search and advertising organizations. According to the Post, investors may expect search growth to drop in 2022 while employment and operating expenses will climb. However, he claims that Alphabet's artificial intelligence and machine learning technology give the corporation distinct benefits across its product offerings. Furthermore, Alphabet's company is extremely successful, providing a high level of financial flexibility, particularly for a growth stock. Post anticipates a 15.8 percent increase in revenue in 2022. GOOGL stock, which closed at $2,240.15 on June 28, has a "buy" rating and a $2,940 price target from Bank of America.

Fleetcor Technologies, Inc. (FLT)

Fleetcor Technologies specializes in fuel cards as well as workforce payment solutions and services that assist organizations in managing and paying expenses. Fleetcor surpassed earnings expectations in the first quarter and raised its full-year earnings forecast. According to analyst Mihir Bhatia, Fleetcor's business is gaining traction as volumes recover and margins rise. Furthermore, Bhatia believes the company is well priced, trading towards the low end of its five-year forward earnings multiple range. Bhatia predicts 18.2 percent revenue growth and 11.4 percent net income growth for Fleetcor in 2022. FLT stock, which closed at $211.40 on June 28th, has a "buy" rating and a $310 price target from Bank of America.

Halliburton Company (HAL)

It might have sounded absurd a few years ago to include an oilfield services business like Halliburton on a list of the greatest growth stocks. However, the global energy market dynamic has changed radically, with oil and natural gas prices reaching their highest levels in years as a result of supply bottlenecks and increasing global demand. Analyst Chase Mulvehill believes that a renewed sense of urgency for exploration and production businesses to drill new wells will benefit Halliburton and other oilfield services stocks. HAL stock, which ended at $33.19 on June 28, gets a "buy" rating and a $47 price target from Bank of America. 

Monster Beverage Corporation (MNST)

Monster Beverage dominates the energy drink market. According to analyst Peter Galbo, inflation has dragged on Monster's margins, but the company's projected 6% price increases should help overcome cost challenges. Monster's revenue growth is expected to be 21.5 percent in 2022, far exceeding that of several of its beverage competitors, according to Galbo. Monster has a history of doing well through economic downturns, increasing sales and profits by over 10% during the 2009 financial crisis. According to Galbo, the corporation also has a clean balance sheet. Bank of America's MNST stock, which closed at $90.81 on June 28, has a "buy" rating and a $115 price target from Bank of America. 

The Match Group, Inc. (MTCH)

Match is the parent company of multiple popular online dating services, including, OKCupid, Tinder, and Plenty of Fish. The business said in May that former Zynga President Bernard Kim would succeed Shar Dubey as CEO. According to Nat Schindler, an analyst, the management shift causes uncertainty for investors, but online dating demand represents a long-term development opportunity in a vast and underserved worldwide market. According to Schindler, Match is tremendously profitable, generates significant cash flow, and has a virtual monopoly in the core online dating market. MTCH stock, which closed at $71.81 on June 28, has a "buy" rating and a $168 price target from Bank of America. 

The TransDigm Group Inc. (TDG)

TransDigm creates aircraft parts for manufacturers as well as commercial and military aircraft operators. Analyst Ronald Epstein predicts a substantial rebound in the post-pandemic aerospace business, with commercial aftermarket revenue increasing by 30% in fiscal 2023 and 20% in fiscal 2024. Furthermore, he claims that increasing sales volumes will increase margins. TransDigm's management team, according to Epstein, is superb, and its strong balance sheet presents prospects for strategic acquisitions. He anticipates revenue growth of 15.7% in 2022 and 15.9% in 2023. TDG stock, which ended at $532.60 on June 28, has a "buy" rating and a $720 price target from Bank of America.

 T-Mobile US, Inc. (TMUS)

T-Mobile is one of the three largest cell phone service providers in the United States. T-first-quarter Mobile's earnings beat and outlook increase, according to analyst David Barden, are indicators that the company's business is blazing on all cylinders. According to Barden, T-Mobile is successfully implementing its plan to grow market share in smaller, rural locations, where it intends to grow from 30% to 50% of households by the end of 2022. T-Mobile also plans to increase its business market share to 20% by 2025 by investing in network improvements. TMUS stock, which ended at $133.03 on June 28, has a "buy" rating and a $155 price target from Bank of America.

United Rentals, Inc. (URI)

United Rentals is the world's largest equipment rental firm. According to analyst Ross Gilardi, United is the market leader in equipment rental and should gain from a recovery in capital spending, an increase in rental rates, and an increase in federal infrastructure spending in 2022 and beyond. According to Gilardi, United's cash flow is strong, allowing for aggressive share buybacks and possible acquisitions. He forecasts 17.8 percent revenue growth and 39 percent net income growth in 2022, both of which are exceptional growth rates in such an inflationary environment. URI stock, which closed at $247.99 on June 28, has a "buy" rating and a $425 price objective from Bank of America.

The Best US Stocks to Buy Now

  1. Inc. (AMZN)
  2. Meta Platforms Inc. (META)
  3. Alphabet Inc. (GOOG, GOOGL)
  4. Fleetcor Technologies Inc. (FLT)
  5. Halliburton Co. (HAL)
  6. Monster Beverage Corp. (MNST)
  7. Match Group Inc. (MTCH)
  8. TransDigm Group Inc. (TDG)
  9. T-Mobile US Inc. (TMUS)
  10. United Rentals Inc. (URI) 

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