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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National Bank Direct Brokerage
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Dive deeper How to buy US stocks
20 Best stocks to buy now in the US
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
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
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
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
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
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
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
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
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
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
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
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
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
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
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
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
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
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
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
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
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 name | Dividend yield | Payout 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.
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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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