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Best stocks to buy now: Top US stock picks

The 20 best US stocks to buy now on the Nasdaq and NYSE.

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 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

Best for Beginners

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  • Easy-to-use platform
  • Low fees
  • Student and young investor discounts

Best for Lowest Commissions

Finder Award
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  • Access to international stock exchanges
  • Low margin rates
  • Powerful research tools

Best for Easy-to-use App

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  • $50 in free trades
  • Low commissions
  • Easy-to-use app
Dive deeper How to buy US stocks

20 Best stocks to buy now in the US


Sociedad Quimica y Minera de Chile SA ADR B (SQM.NYSE)

Sociedad Química y Minera de Chile S.A. produces and distributes specialty plant nutrients, iodine derivatives, lithium derivatives, potassium chloride and sulfate, industrial chemicals, and other products and services.
  • Market cap: $13.123 billion
  • YTD performance: 1.43%
  • 1 Year performance: 30.3%
  • 5 Year performance: 219.75%
  • P/E Ratio: 4.4344
  • Headquarters: USA

Buy on Interactive Brokers

Bank of Montreal (BMO.NYSE)

Bank of Montreal provides diversified financial services primarily in North America. It operates through Canadian P&C, U.S P&C, BMO Wealth Management, and BMO Capital Markets segments.
  • Market cap: $65.15 billion
  • YTD performance: 19.02%
  • 1 Year performance: 21.19%
  • 5 Year performance: 125.67%
  • P/E Ratio: 21.266
  • Headquarters: USA

Buy on Interactive Brokers

Woodside Energy Group Ltd (WDS.NYSE)

Woodside Energy Group Ltd engages in the exploration, evaluation, development, production, marketing, and sale of hydrocarbons in Oceania, Africa, the Americas, Asia, and the Caribbean. The company produces liquefied natural gas, pipeline gas, condensate, natural gas liquids, and crude oil.
  • Market cap: $37.485 billion
  • YTD performance: 13.02%
  • 1 Year performance: 3.63%
  • 5 Year performance: 122.81%
  • P/E Ratio: 22.2414
  • Headquarters: USA

Buy on Interactive Brokers

Albemarle Corp (ALB.NYSE)

Albemarle Corporation develops, manufactures, and markets engineered specialty chemicals worldwide. It operates through three segments: Energy Storage, Specialties and Ketjen.
  • Market cap: $14.267 billion
  • YTD performance: -9.49%
  • 1 Year performance: 26.03%
  • 5 Year performance: 164.19%
  • P/E Ratio: 9.0958
  • Headquarters: USA

Buy on Interactive Brokers

HSBC Holdings PLC ADR (HSBC.NYSE)

HSBC Holdings plc provides banking and financial services worldwide. The company operates through Wealth and Personal Banking, Commercial Banking, and Global Banking and Markets segments.
  • Market cap: $148.539 billion
  • YTD performance: 49.89%
  • 1 Year performance: 19.71%
  • 5 Year performance: 116.88%
  • P/E Ratio: 6.8333
  • Headquarters: USA

Buy on Interactive Brokers

ING Group NV ADR (ING.NYSE)

ING Groep N.V., a financial institution, provides various banking products and services in the Netherlands, Belgium, Rest of Europe, North America, Latin America, Asia, and Australia. It operates in six segments: Retail Netherlands, Retail Belgium, Retail Germany, Retail Other, Wholesale Banking, and Corporate Line Banking.
  • Market cap: $45.413 billion
  • YTD performance: 46.13%
  • 1 Year performance: 24.82%
  • 5 Year performance: 200.22%
  • P/E Ratio: 7.7699
  • Headquarters: USA

Buy on Interactive Brokers

M&T Bank Corp (MTB.NYSE)

M&T Bank Corporation operates as a bank holding company for Manufacturers and Traders Trust Company and Wilmington Trust, National Association that engages in the provision of retail and commercial banking products and services in the United States. The company operates through three segments: Commercial Bank, Retail Bank, and Institutional Services and Wealth Management.
  • Market cap: $22.608 billion
  • YTD performance: 6.93%
  • 1 Year performance: 24.18%
  • 5 Year performance: 57.61%
  • P/E Ratio: 8.5928
  • Headquarters: USA

Buy on Interactive Brokers

Prologis Inc (PLD.NYSE)

Prologis, Inc. is the global leader in logistics real estate with a focus on high-barrier, high-growth markets.
  • Market cap: $122.603 billion
  • YTD performance: 33.65%
  • 1 Year performance: 35.5%
  • 5 Year performance: 111.18%
  • P/E Ratio: 40.2918
  • Headquarters: USA

Buy on Interactive Brokers

Churchill Downs Incorporated (CHDN.NASDAQ)

Churchill Downs Incorporated operates as a racing, online wagering, and gaming entertainment company in the United States. It operates through three segments: Live and Historical Racing, TwinSpires, and Gaming.
  • Market cap: $8.904 billion
  • YTD performance: -38.18%
  • 1 Year performance: 13.24%
  • 5 Year performance: 103.85%
  • P/E Ratio: 22.0109
  • Headquarters: USA

Buy on Interactive Brokers

Gaming & Leisure Properties (GLPI.NASDAQ)

GLPI is engaged in the business of acquiring, financing, and owning real estate property to be leased to gaming operators in triple-net lease arrangements, pursuant to which the tenant is responsible for all facility maintenance, insurance required in connection with the leased properties and the business conducted on the leased properties, taxes levied on or with respect to the leased properties and all utilities and other services necessary or appropriate for the leased properties and the business conducted on the leased properties..
  • Market cap: $11.941 billion
  • YTD performance: 7.25%
  • 1 Year performance: 2.77%
  • 5 Year performance: 202.53%
  • P/E Ratio: 16.3212
  • Headquarters: USA

Buy on Interactive Brokers

Cameco Corp (CCJ.NYSE)

Cameco Corporation provides uranium for the generation of electricity. It operates through Uranium, Fuel Services, Westinghouse segments.
  • Market cap: $17.742 billion
  • YTD performance: 202.23%
  • 1 Year performance: 69.72%
  • 5 Year performance: 630.35%
  • P/E Ratio: 66.8197
  • Headquarters: USA

Buy on Interactive Brokers

Sempra Energy (SRE.NYSE)

Sempra operates as an energy infrastructure company in the United States and internationally. It operates through three segments: Sempra California, Sempra Texas Utilities, and Sempra Infrastructure.
  • Market cap: $44.651 billion
  • YTD performance: -44.55%
  • 1 Year performance: 9.25%
  • 5 Year performance: 9.25%
  • P/E Ratio: 14.8121
  • Headquarters: USA

Buy on Interactive Brokers

Arch Capital Group Ltd (ACGL.NASDAQ)

Arch Capital Group Ltd., together with its subsidiaries, provides insurance, reinsurance, and mortgage insurance products worldwide. The company's Insurance segment offers primary and excess casualty coverages; loss sensitive primary casualty insurance programs; directors' and officers' liability, errors and omissions liability, employment practices and fiduciary liability, crime, professional indemnity, and other financial related coverages; medical professional and general liability insurance coverages; and workers' compensation and umbrella liability, as well as commercial automobile and inland marine products.
  • Market cap: $33.031 billion
  • YTD performance: 141.22%
  • 1 Year performance: 40.42%
  • 5 Year performance: 300.56%
  • P/E Ratio: 7.5972
  • Headquarters: USA

Buy on Interactive Brokers

First Citizens BancShares Inc (FCNCA.NASDAQ)

First Citizens BancShares, Inc. operates as the holding company for First-Citizens Bank & Trust Company that provides retail and commercial banking services to individuals, businesses, and professionals.
  • Market cap: $22.58 billion
  • YTD performance: 171.86%
  • 1 Year performance: 197.94%
  • 5 Year performance: 456.14%
  • P/E Ratio: 2
  • Headquarters: USA

Buy on Interactive Brokers

Interactive Brokers Group Inc (IBKR.NASDAQ)

Interactive Brokers Group, Inc. operates as an automated electronic broker worldwide.
  • Market cap: $44.927 billion
  • YTD performance: 77.3%
  • 1 Year performance: 51.02%
  • 5 Year performance: 197.71%
  • P/E Ratio: 37.9944
  • Headquarters: USA

Buy on Interactive Brokers

JPMorgan Chase & Co (JPM.NYSE)

JPMorgan Chase & Co. operates as a financial services company worldwide.
  • Market cap: $528.145 billion
  • YTD performance: 45.65%
  • 1 Year performance: 47.82%
  • 5 Year performance: 127.69%
  • P/E Ratio: 11.2976
  • Headquarters: USA

Buy on Interactive Brokers

Magellan Midstream Partners LP (MMP.NYSE)

Magellan Midstream Partners, L.P. engages in the transportation, storage, and distribution of refined petroleum products and crude oil in the United States.
  • Market cap: $13.945 billion
  • P/E Ratio: 13.8
  • Headquarters: USA

Buy on Interactive Brokers

Nextera Energy Inc (NEE.NYSE)

NextEra Energy, Inc., through its subsidiaries, generates, transmits, distributes, and sells electric power to retail and wholesale customers in North America. The company generates electricity through wind, solar, nuclear,natural gas, and other clean energy.
  • Market cap: $113.644 billion
  • YTD performance: -28.42%
  • 1 Year performance: 12.65%
  • 5 Year performance: 12.65%
  • P/E Ratio: 15.3806
  • Headquarters: USA

Buy on Interactive Brokers

Tenaris SA ADR (TS.NYSE)

Tenaris S.A., together with its subsidiaries, produces and sells seamless and welded steel tubular products and related services for the oil and gas industry, and other industrial applications. The company offers steel casings, tubing products, mechanical and structural pipes, line pipes, cold-drawn pipes, and premium joints and couplings; and coiled tubing products for oil and gas drilling and workovers, and subsea pipelines.
  • Market cap: $20.763 billion
  • YTD performance: 118.56%
  • 1 Year performance: 41.52%
  • 5 Year performance: 293.46%
  • P/E Ratio: 5.3238
  • Headquarters: USA

Buy on Interactive Brokers

Cincinnati Financial Corporation (CINF.NASDAQ)

Cincinnati Financial Corporation, together with its subsidiaries, provides property casualty insurance products in the United States. The company operates through five segments: Commercial Lines Insurance, Personal Lines Insurance, Excess and Surplus Lines Insurance, Life Insurance, and Investments.
  • Market cap: $17.622 billion
  • YTD performance: 29.82%
  • 1 Year performance: 19.09%
  • 5 Year performance: 139.15%
  • P/E Ratio: 9.6261
  • Headquarters: USA

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, 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 June 3, 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 - 4 of 4
Name Product Finder Rating Available Asset Types Stock Trading Fee Account Fee Signup Offer Table description
Interactive Brokers
Finder Score:
★★★★★
4.3 / 5
Stocks, Bonds, Options, ETFs, Currencies, Futures
min $1.00, max 0.5%
$0
N/A
Winner for Best Overall Broker in the Finder Stock Trading Platform Awards.
CASHBACK
CIBC Investor's Edge
Finder Score:
★★★★★
3.8 / 5
Stocks, Bonds, Options, Mutual Funds, ETFs
$6.95
$0 if conditions met, or $100
100 free trades + up to $4,500 cash back
An easy-to-use platform with access to a variety of tools to help you trade with confidence.
Questrade
Finder Score:
★★★★★
4.3 / 5
Stocks, Bonds, Options, Mutual Funds, ETFs, GICs, International Equities, Precious Metals
$4.95 - $9.95
$0
Get $50 in free trades when you fund your account with a minimum of $1,000.
Opt for self-directed investing and save on fees or get a pre-built portfolio to take out some of the guesswork.
CASHBACK
Qtrade Direct Investing
Finder Score:
★★★★★
3.7 / 5
Stocks, Bonds, Options, Mutual Funds, ETFs, GICs
$6.95 - $8.75
$0 if conditions met, otherwise $25/quarter
Get up to $2,000 cashback as a new or existing client. Use promo code CASHBONUS2024. Ends March 4, 2024.
Low trading commissions and an easy-to-use platform with access to powerful tools and a wide selection of investment options.
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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. Read the Product Disclosure Statement (PDS) and Target Market Determination (TMD) for the product on the provider's website.

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