Dive deeper: How to buy US stocks
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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
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. operates as a mining company worldwide.- Market cap: $11.602 billion
- YTD performance: -22.11%
- 1 Year performance: 0.06%
- 5 Year performance: 145.53%
- P/E Ratio: 28.413
- Headquarters: USA
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: $63.679 billion
- YTD performance: 14.59%
- 1 Year performance: 16.67%
- 5 Year performance: 117.26%
- P/E Ratio: 14.2541
- Headquarters: USA
Woodside Energy Group Ltd (WDS.NYSE)
Woodside Energy Group Ltd engages in the exploration, evaluation, development, production, and marketing of hydrocarbons in the Asia Pacific, Africa, the Americas, and the Europe. The company produces liquefied natural gas, pipeline gas, crude oil and condensate, and natural gas liquids.- Market cap: $37.31 billion
- YTD performance: 4.44%
- 1 Year performance: 5.36%
- 5 Year performance: 105.9%
- P/E Ratio: 22.1494
- Headquarters: USA
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: $11.026 billion
- YTD performance: -39.58%
- 1 Year performance: 1.48%
- 5 Year performance: 76.37%
- P/E Ratio: 33.9891
- Headquarters: USA
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: $159.808 billion
- YTD performance: 65.24%
- 1 Year performance: 18.96%
- 5 Year performance: 139.09%
- P/E Ratio: 7.3897
- Headquarters: USA
ING Group NV ADR (ING.NYSE)
ING Groep N.V. provides various banking products and services in the Netherlands, Belgium, Germany, rest of Europe, and internationally.- Market cap: $60.013 billion
- YTD performance: 96.72%
- 1 Year performance: 48.05%
- 5 Year performance: 304.14%
- P/E Ratio: 8.0485
- Headquarters: USA
M&T Bank Corporation (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: $27.991 billion
- YTD performance: 33.72%
- 1 Year performance: 55.28%
- 5 Year performance: 97.09%
- P/E Ratio: 12.4077
- Headquarters: USA
Prologis Inc (PLD.NYSE)
Prologis, Inc., is the global leader in logistics real estate with a focus on high-barrier, high-growth markets. At March 31, 2024, the company owned or had investments in, on a wholly-owned basis or through co-investment ventures, properties and development projects expected to total approximately 1.2 billion square feet (115 million square meters) in 19 countries.- Market cap: $113.527 billion
- YTD performance: 26.53%
- 1 Year performance: 28.29%
- 5 Year performance: 99.94%
- P/E Ratio: 40.4686
- Headquarters: USA
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: $10.344 billion
- YTD performance: -28.81%
- 1 Year performance: 30.43%
- 5 Year performance: 134.79%
- P/E Ratio: 31.0553
- Headquarters: USA
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: $13.043 billion
- YTD performance: 13.97%
- 1 Year performance: 14.97%
- 5 Year performance: 221.49%
- P/E Ratio: 17.7269
- Headquarters: USA
Cameco Corp (CCJ.NYSE)
Cameco Corporation provides uranium for the generation of electricity. It operates through Uranium, Fuel Services, Westinghouse segments.- Market cap: $20.349 billion
- YTD performance: 251.42%
- 1 Year performance: 42.91%
- 5 Year performance: 749.2%
- P/E Ratio: 116.575
- Headquarters: USA
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: $49.09 billion
- YTD performance: -38.87%
- 1 Year performance: 20.43%
- 5 Year performance: 20.43%
- P/E Ratio: 17.1615
- Headquarters: USA
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: $36.085 billion
- YTD performance: 168.66%
- 1 Year performance: 32.59%
- 5 Year performance: 346.12%
- P/E Ratio: 7.5848
- Headquarters: USA
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: $26.465 billion
- YTD performance: 218.12%
- 1 Year performance: 41.61%
- 5 Year performance: 550.77%
- P/E Ratio: 10.1831
- Headquarters: USA
Interactive Brokers Group Inc (IBKR.NASDAQ)
Interactive Brokers Group, Inc. operates as an automated electronic broker worldwide.- Market cap: $50.362 billion
- YTD performance: 99.16%
- 1 Year performance: 59.83%
- 5 Year performance: 234.41%
- P/E Ratio: 18.954
- Headquarters: USA
JPMorgan Chase & Co (JPM.NYSE)
JPMorgan Chase & Co. operates as a financial services company worldwide.- Market cap: $602.994 billion
- YTD performance: 65.51%
- 1 Year performance: 54.67%
- 5 Year performance: 158.73%
- P/E Ratio: 11.7111
- Headquarters: USA
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
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: $147.927 billion
- YTD performance: -6.19%
- 1 Year performance: 47.66%
- 5 Year performance: 47.66%
- P/E Ratio: 19.6721
- Headquarters: USA
Tenaris SA ADR (TS.NYSE)
Tenaris S.A., together with its subsidiaries, manufactures and distributes steel pipes for the energy industry and other industrial applications in North America, South America, Europe, the Middle East and Africa, and the Asia Pacific. The company offers steel casings to sustain the walls of oil and gas wells during and after drilling; steel tubing for conducting crude oil and natural gas to the surface after drilling has been completed; steel line pipes to transport crude oil and natural gas from wells to refineries, storage tanks and loading and distribution centers; and mechanical and structural pipes for the transportation of other forms of gas and liquids under high pressure.- Market cap: $17.893 billion
- YTD performance: 93.47%
- 1 Year performance: 4.67%
- 5 Year performance: 248.28%
- P/E Ratio: 5.27
- Headquarters: USA
Cincinnati Financial Corporation (CINF.NASDAQ)
Cincinnati Financial Corporation, together with its subsidiaries, provides property casualty insurance products in the United States. It operates through five segments: Commercial Lines Insurance, Personal Lines Insurance, Excess and Surplus Lines Insurance, Life Insurance, and Investments.- Market cap: $19.745 billion
- YTD performance: 37.09%
- 1 Year performance: 23.42%
- 5 Year performance: 152.55%
- P/E Ratio: 8.3895
- Headquarters: USA
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.
Must read: Finder Stock Trading Platform Awards 2022
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. Read the Product Disclosure Statement (PDS) and Target Market Determination (TMD) for the product on the provider's website.
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