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The stock market is ending the year with a flourish—and so are Barron’s favorite picks for 2023.
Every December for the past 14 years, Barron’s has selected 10 stocks that are good bets to outperform the market over the next 12 months.
The 2023 group—which included Delta Air Lines and Comcast, among others—topped the market, returning 31% on average including reinvested dividends, against 24.5% for the S&P 500. The 2022 group beat the index by 10 percentage points, while we were slightly behind the market in 2021.
To beat the market this year, you probably needed to have some exposure to the Magnificent Seven—Apple, Microsoft, Amazon.com, Alphabet, Tesla, Nvidia, and Meta Platforms. And we did. We included Amazon.com and Alphabet, which were trading cheaply a year ago, and they powered our list for 2023. But our picks, as is typical, had a value bias. The biggest winner was home builder Toll Brothers, which more than doubled, helping to offset our big loser, the aluminum miner Alcoa, which returned negative 29%.
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