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Best stocks to buy now: Top US stock picks for March 2023

The 20 best US stocks to buy now on the Nasdaq and NYSE—plus the 10 best US dividend stocks.

View the best US stocks Jump to stock list
View the best US dividend stocks Jump to stock list

We update our list of the best US stocks to buy each month using Finder’s proprietary algorithm. This list of the best US stocks to buy now and the best US dividend stocks is a starting point for your own research and should not be taken as advice to buy any particular stock.

Stock trading platforms to buy the best US stocks

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Interactive Brokers


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Dive deeper How to buy US stocks

20 Best stocks to buy now in the US

Marathon Energy Corporation logo

1. Marathon Petroleum Corporation (MPC)

Marathon Petroleum Corporation is an integrated downstream energy company that operates primarily in the United States. Its business includes 2 segments: Refining & Marketing and Midstream.

  • Energy
  • Exchange: NYSE
  • Dividend yield: 2.32%
  • Price-earnings (P/E) ratio: 4.62
Buy MPC on Interactive Brokers

Agilent logo

2. Agilent Technologies (A)

Agilent Technologies provides application focused solutions to the life sciences, diagnostics and applied chemical markets worldwide.

  • Healthcare
  • Exchange: NYSE
  • Dividend yield: 0.65%
  • Price-earnings (P/E) ratio: 30.95
Buy A on Interactive Brokers

Coca-Cola FEMSA, S.A.B. de C.V. logo

3. Coca-Cola FEMSA, S.A.B. de C.V. (KOF)

Coca-Cola FEMSA, S.A.B. de C.V. is a franchise bottler that produces, markets, sells and distributes Coca-Cola trademark beverages. It operates in Mexico, Guatemala, Nicaragua, Costa Rica, Panama, Colombia, Brazil, Argentina and Uruguay.

  • Consumer Defensive
  • Exchange: NYSE
  • Dividend yield: 3.73%
  • Price-earnings (P/E) ratio: 14.78
Buy KOF on Interactive Brokers

Deere & Company logo

4. Deere & Company (DE)

Deere & Company manufactures and distributes various equipment worldwide. The company operates through 4 segments: Production and Precision Agriculture, Small Agriculture and Turf, Construction and Forestry and Financial Services.

  • Industrials
  • Exchange: NYSE
  • Dividend yield: 1.19%
  • Price-earnings (P/E) ratio: 15.60
Buy DE on Interactive Brokers

MercadoLibre logo

5. MercadoLibre (MELI)

Uruguay-based MercadoLibre operates online commerce platforms in Latin America including the Mercado Libre Marketplace, Mercado Pago FinTech platform, Mercado Fondo, Mercado Credito and Mercado Envios.

  • Consumer Cyclical
  • Exchange: Nasdaq Global Select market
  • Dividend yield: N/A
  • Price-earnings (P/E) ratio: 128.19
Buy MELI on Interactive Brokers

Yum! logo

6. Yum! Brands (YUM)

YUM! Brands operates and franchises quick service restaurants worldwide including KFC, Pizza Hut, Taco Bell and The Habit Burger Grill brands.

  • Consumer Cyclical
  • Exchange: NYSE
  • Dividend yield: 1.92%
  • Price-earnings (P/E) ratio: 27.65
Buy YUM on Interactive Brokers

ING Group logo

7. ING Groep N.V. (ING)

ING Groep N.V. is a financial institution that provides various banking products and services for individuals and businesses in Europe, North America, Latin America, Asia and Australia.

  • Financial Services
  • Exchange: NYSE
  • Dividend yield: 1.87%
  • Price-earnings (P/E) ratio: 13.14
Buy ING on Interactive Brokers

Verisk Analytics logo

8. Verisk Analytics (VRSK)

Verisk Analytics provides data analytics solutions in the US and internationally. It operates in 3 segments: Insurance, Energy & Specialized Markets and Financial Services.

  • Industrials
  • Exchange: Nasdaq Global Select Market
  • Dividend yield: 0.72%
  • Price-earnings (P/E) ratio: 26.97
Buy VRSK on Interactive Brokers

WW Grainger logo

9. W.W. Grainger (GWW)

W.W. Grainger distributes maintenance, repair and operating (MRO) products and services in the US, Japan, Canada, the UK and other markets. Among its products are safety supplies, storage equipment, plumbing equipment and hand tools. It also offers inventory management and technical support services.

  • Industrials
  • Exchange: NYSE
  • Dividend yield: 1.03%
  • Price-earnings (P/E) ratio: 22.32
Buy GWW on Interactive Brokers

ABB Ltd. logo

10. ABB Ltd. (ABB)

ABB Ltd. manufactures and sells electrification, automation, robotics and motion products for customers in utilities, infrastructure and industry and transport in Switzerland and internationally.

  • Industrials
  • Exchange: NYSE
  • Dividend yield: 2.74%
  • Price-earnings (P/E) ratio: 25.49
Buy ABB on Interactive Brokers

AutoZone logo

11. AutoZone (AZO)

AutoZone retails and distributes automotive replacement parts and accessories for cars, SUVs, vans and light trucks. It operates in the US, Mexico and Brazil.

  • Consumer Cyclical
  • Exchange: NYSE
  • Dividend yield: N/A
  • Price-earnings (P/E) ratio: 20.49
Buy AZO on Interactive Brokers

Brookfield Infrastructure Partners L.P. logo

12. Brookfield Infrastructure Partners L.P. (BIP)

Brookfield Infrastructure Partners L.P. owns and operates utilities, transport, midstream and data businesses in North and South America, Europe and the Asia Pacific.

  • Utilities
  • Exchange: NYSE
  • Dividend yield: 4.61%
  • Price-earnings (P/E) ratio: 240.29
Buy BIP on Interactive Brokers

Yum China logo

13. Yum China Holdings (YUMC)

Yum China Holdings owns, operates and franchises restaurants in China. Its brands include KFC, Pizza Hut, Little Sheep, Huang Ji Huang, Lavazza, COFFii & JOY, Taco Bell and East Dawning. Yum China also operates V-Gold Mall, a mobile e-commerce platform.

  • Consumer Cyclical
  • Exchange: NYSE
  • Dividend yield: 0.86%
  • Price-earnings (P/E) ratio: 58.03
Buy YUMC on Interactive Brokers

Ares logo

14. Ares Management Corporation (ARES)

Ares Management Corporation is an alternative asset manager that operates in the US, Europe and Asia. The company has 4 groups: Tradable Credit Group, Direct Lending Group, Private Equity Group and Real Estate Group.

  • Financial Services
  • Exchange: NYSE
  • Dividend yield: 3.82%
  • Price-earnings (P/E) ratio: 92.36
Buy ARES on Interactive Brokers

The Estee Lauder Companies logo

15. The Estée Lauder Companies (EL)

The Estée Lauder Companies makes and sells skin care, makeup, fragrance and hair care products worldwide. Its many brands include Estée Lauder, Aramis, Clinique, M·A·C, Bobbi Brown, Aveda, Smashbox, GLAMGLOW and Too Faced.

  • Consumer Defensive
  • Exchange: NYSE
  • Dividend yield: 1.07%
  • Price-earnings (P/E) ratio: 59.17
Buy EL on Interactive Brokers

Jack Henry & Associates logo

16. Jack Henry & Associates (JKHY)

US-based Jack Henry & Associates is a fintech company that provides solutions for transaction and electronic payment processing, core data processing, information security, risk management and more.

  • Technology
  • Exchange: Nasdaq Global Select Market
  • Dividend yield: 1.27%
  • Price-earnings (P/E) ratio: 34.03
Buy JKHY on Interactive Brokers

RBC Royal Bank of Canada logo

17. Royal Bank of Canada (RY)

RBC is a Toronto-based global diversified financial service company that offers personal and commercial banking products and services.

  • Financial Services
  • Exchange: NYSE
  • Dividend yield: 3.96%
  • Price-earnings (P/E) ratio: 12.77
Buy RY on Interactive Brokers

Tenaris logo

18. Tenaris S.A. (TS)

Tenaris S.A. produces and sells seamless and welded steel tubular products worldwide. It also provides related services for the oil and gas industry and other industrial applications.

  • Energy
  • Exchange: NYSE
  • Dividend yield: 3.03%
  • Price-earnings (P/E) ratio: 7.80
Buy TS on Interactive Brokers

Biogen logo

19. Biogen (BIIB)

Biogen discovers, develops, manufactures and delivers therapies for treating neurological and neurodegenerative diseases like multiple sclerosis, Alzheimer’s disease, non-Hodgkin’s lymphoma, chronic lymphocytic leukemia (CLL) and rheumatoid arthritis.

  • Healthcare
  • Exchange: Nasdaq Global Select Market
  • Dividend yield: N/A
  • Price-earnings (P/E) ratio: 12.94
Buy BIIB on Interactive Brokers

Edwards Lifesciences Corporation logo

20. Edwards Lifesciences Corporation (EW)

California-based Edwards Lifesciences provides products and technologies for structural heart disease, critical care and surgical monitoring in the US, Europe, Japan and other international markets.

  • Healthcare
  • Exchange: NYSE
  • Dividend yield: N/A
  • Price-earnings (P/E) ratio: 33.03
Buy EW on Interactive Brokers

10 Best dividend stocks in the US

Dividend stocks are good if you’re looking for side income or want to boost your portfolio’s growth by setting up a Dividend Reinvestment Plan (DRIP). We’ve found the 10 best US stocks that pay dividends as of March 2023.

The dividend yield shows how much of a stock’s value is paid out annually to stockholders. The payout ratio shows the proportion of a company’s earnings that are paid out as dividends. Other factors such as price, performance, profit and revenue were also considered.

Stock nameDividend yieldPayout ratio
Marathon Petroleum Corporation (NYSE: MPC)2.32%8.90%Buy on Interactive Brokers
Agilent Technologies (NYSE: A)0.65%19.26%Buy on Interactive Brokers
Coca-Cola FEMSA, S.A.B. de C.V. (NYSE: KOF)3.73%60.56%Buy on Interactive Brokers
Deere & Company (NYSE: DE)1.19%16.76%Buy on Interactive Brokers
Yum! Brands (NYSE: YUM)1.92%49.89%Buy on Interactive Brokers
ING Groep N.V. (NYSE: ING)1.87%57.31%Buy on Interactive Brokers
Verisk Analytics (NASDAQ: VRSK)0.72%18.93%Buy on Interactive Brokers
W.W. Grainger (NYSE: GWW)1.03%22.55%Buy on Interactive Brokers
ABB Ltd. (NYSE: ABB)2.74%66.38%Buy on Interactive Brokers
Brookfield Infrastructure Partners L.P. (NYSE: BIP)4.61%1,028.57%Buy on Interactive Brokers

What you should know before buying the best US stocks

There’s no single winning strategy to finding what experts might call the best US stocks or the best US dividend stocks, because the most important considerations are your own goals and circumstances. It’s not personal financial advice, and your personal objectives and financial situation have not been taken into consideration. Do your own research, and speak with an investment professional if in doubt.

Whether you care more about short-term capital gains or long-term dividend growth, it’s important to know whether a stock is performing well, making a profit, paying dividends or going backwards. Always remember that past performance does not guarantee future results. Investments can increase and decrease in value.

This list and data was compiled March 5, 2023. The algorithm was last updated January 27, 2021.

How are US stocks taxed in Canada?

Canadians who earn dividends from US stock investments must pay the US Internal Revenue Service (IRS) a 15% withholding tax on their earnings. The rate goes down to 10% for bonds and other interest-yielding US investments.

An exception is made for stock investments held in trusts designed to provide retirement income. This includes RRIFs, LIRAs, LIFs, LRIFs and Prescribed RRIFs. RRSPs that hold US stocks, bonds or ETFs are also exempt from US withholding tax. RESPs, TFSAs and RDSPs are not exempt.

Canadian and international investment income must be declared on your Canadian tax return. Unless your US earnings are exempt from withholding tax, this means you’ll be taxed by both the IRS and the CRA. The CRA may allow you to claim foreign tax credits for any taxes you’ve already paid to the IRS.

Speak with a tax professional to find out what rules and exceptions apply in your circumstances.

Buy the best US stocks through an online broker

To invest in any of these stocks, you’ll need a brokerage account. Compare online stock trading platforms below and click “Go to site” to get started. The figures in this table are in Canadian dollars.

1 - 5 of 5
Name Product Available Asset Types Stock Trading Fee Account Fee Table description Signup Offer Offer
CIBC Investor's Edge
Stocks, Bonds, Options, Mutual Funds, ETFs
$4.95–$6.95
$0 if conditions met, or $100
An easy-to-use platform with access to a variety of tools to help you trade with confidence.
Get 100 free online stock or ETo 24F trades and up to $3,000 cash back. Conditions apply.
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Interactive Brokers
Stocks, Bonds, Options, ETFs, Currencies, Futures
min $1.00, max 0.5%
$0
Winner for Best Overall Broker in the Finder Stock Trading Platform Awards.
N/a
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National Bank Direct Brokerage
Stocks, Bonds, Options, Mutual Funds, GICs
$0
$0 if conditions met, or $100
Get $0 commission on all transactions with promo code: finder
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Questrade
Stocks, Bonds, Options, Mutual Funds, ETFs, GICs, International Equities, Precious Metals
$4.95 - $9.95
$0
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Get $50 in free trades when you fund your account with a minimum of $1,000.
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Qtrade Direct Investing
Stocks, Bonds, Options, Mutual Funds, ETFs, GICs
$6.95 - $8.75
$0 if conditions met, otherwise $25/quarter
Low trading commissions and an easy-to-use platform with access to powerful tools and a wide selection of investment options.
Get up to $150 sign-up bonus. Use promo code BONUS150. Conditions apply. Ends June 30, 2023.
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Disclaimer: This information should not be interpreted as an endorsement of futures, stocks, ETFs, CFDs, options or any specific provider, service or offering. It should not be relied upon as investment advice or construed as providing recommendations of any kind. Futures, stocks, ETFs and options trading involves substantial risk of loss and therefore are not appropriate for all investors. Trading CFDs and forex on leverage comes with a higher risk of losing money rapidly. Past performance is not an indication of future results. Consider your own circumstances, and obtain your own advice, before making any trades.

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