As we enter a new year, many investors are looking for promising assets to add to their portfolios. With the ongoing effects of the COVID-19 pandemic, economic uncertainty, and shifting market trends, it can be challenging to determine where to invest your money. In this article, we’ll discuss nine assets to watch in 2023, including Bitcoin, renewable energy stocks, emerging market stocks, real estate investment trusts (REITs), gold, natural gas, ServiceNow, Chord Energy, electric vehicles, biotech stocks, artificial intelligence, and agriculture. While these assets may offer potential for growth, it’s important to remember that investing always comes with risk, and past performance is not indicative of future results. As always, it’s essential to do your research and consult with a financial advisor before making any investment decisions.
Bitcoin (BTC)
Bitcoin, the world’s first and largest cryptocurrency, has been gaining attention from investors in recent years. In 2022, Bitcoin saw a significant surge in value, reaching all-time highs above $60,000. While Bitcoin has historically been volatile, many investors believe that it has the potential for long-term growth. As more companies and individuals adopt cryptocurrencies, Bitcoin’s value may continue to rise.
Renewable Energy Stocks
Renewable energy stocks, such as solar and wind energy companies, have become increasingly popular in recent years. With governments and companies around the world committing to reducing carbon emissions, the demand for renewable energy is growing. In 2022, many renewable energy stocks saw impressive gains, and this trend is expected to continue in 2023.
An example of a renewable energy stock is NextEra Energy (NEE), which is a leading company in the renewable energy industry and has seen significant gains in recent years.
Emerging Market Stocks
Emerging market stocks are stocks of companies located in countries with developing economies. In recent years, emerging markets like China and India have become major players in the global economy. With populations and economies that are growing at a faster rate than developed countries, emerging markets offer investors the potential for high returns. However, investing in emerging market stocks can be risky, as these markets are often more volatile than established markets.
An example of an emerging market stock is Alibaba Group (BABA), a Chinese e-commerce company that has grown rapidly in recent years.
Real Estate Investment Trusts (REITs)
Real estate investment trusts (REITs) are companies that own and manage income-producing real estate. REITs offer investors the opportunity to invest in real estate without actually owning property. In 2022, REITs saw gains due to the strong demand for real estate in many parts of the world. As the global economy continues to recover from the pandemic, the demand for real estate is expected to remain high, making REITs a promising asset to watch in 2023.
An example of a REIT is Simon Property Group (SPG), which owns and manages a portfolio of shopping malls and other retail properties.
Gold
Gold has been a popular asset for investors for centuries. In times of economic uncertainty, investors often turn to gold as a safe haven asset. In 2022, gold saw gains due to concerns about inflation and global economic instability. As these concerns persist, gold may continue to be a promising asset in 2023.
An example of a gold stock is Barrick Gold Corporation (GOLD), which is one of the world’s largest gold mining companies.
Natural Gas
Natural gas is a fossil fuel that has been used for heating, electricity generation, and industrial applications. In recent years, the demand for natural gas has been growing as it is seen as a cleaner alternative to other fossil fuels. In 2023, the demand for natural gas is expected to continue growing, especially as countries transition to cleaner energy sources.
An example of a natural gas stock is Chesapeake Energy Corporation (CHK), which is a leading producer of natural gas in the United States.
ServiceNow (NOW)
ServiceNow (NOW) is a leading cloud computing company that provides digital workflows and automation solutions. As businesses continue to digitize their operations, ServiceNow’s services are in high demand. In 2022, the company saw impressive growth, and this trend is expected to continue in 2023.
Chord Energy (CHORD)
Chord Energy (CHORD) is a renewable energy company that is focused on developing wind power projects. As the demand for renewable energy continues to grow, Chord Energy is well-positioned to benefit from this trend. The company has an impressive pipeline of wind projects and has been expanding its operations in recent
Electric Vehicles
Electric vehicles (EVs) have been gaining popularity in recent years as a more sustainable and environmentally-friendly mode of transportation. With governments around the world setting ambitious targets to reduce carbon emissions, the demand for EVs is expected to continue to grow. As such, investing in EV manufacturers, such as Tesla or Ford, or companies that provide EV charging infrastructure, could be a promising opportunity in 2023.
Examples of stocks associated with electric vehicles include Tesla Inc. (TSLA) and Ford Motor Company (F).
Biotech Stocks
Biotech stocks involve companies that are focused on developing new treatments for diseases or medical conditions. With the ongoing COVID-19 pandemic, biotech stocks have been in the spotlight as companies raced to develop vaccines and treatments. In 2023, biotech stocks may continue to be an attractive option for investors as these companies work on developing new therapies for a variety of health issues.
Examples of biotech stocks include Moderna Inc. (MRNA) and Biogen Inc. (BIIB).
Artificial Intelligence (AI)
Artificial intelligence (AI) is a rapidly growing field that has the potential to transform many industries, from healthcare to finance. AI involves using machine learning and algorithms to automate tasks, improve decision-making, and enhance the user experience. In 2023, companies that are developing AI solutions or implementing AI in their operations could be worth watching as this technology becomes more ubiquitous.
Examples of stocks associated with AI include Alphabet Inc. (GOOGL), which owns Google, and NVIDIA Corporation (NVDA).
Agriculture
Agriculture is a crucial industry that provides food for the world’s population. With climate change, shifting consumer preferences, and population growth, the agriculture industry is facing a range of challenges. However, this also creates opportunities for companies that are innovating in the sector, such as those developing sustainable farming practices or new plant-based food products. As such, investing in companies focused on agriculture could be a promising opportunity in 2023.
Examples of stocks associated with agriculture include Archer-Daniels-Midland Company (ADM) and Deere & Company (DE).
Cryptocurrency Mining Companies
While Bitcoin itself may not be as attractive in 2023, cryptocurrency mining companies could still be worth watching. These companies are responsible for verifying transactions on the blockchain and earn cryptocurrency as a reward. As more companies and individuals adopt cryptocurrencies, the demand for cryptocurrency mining is expected to grow, creating opportunities for companies in this sector.
Examples of companies involved in cryptocurrency mining include Riot Blockchain Inc. (RIOT) and Marathon Digital Holdings Inc. (MARA).
Disclaimer:
The information provided in this article is for educational and informational purposes only and should not be construed as financial advice. Investing in any asset comes with risks, and past performance is not indicative of future results. Before making any investment decisions, it is crucial to do your research and consult with a financial advisor. The author and publisher of this article are not responsible for any financial losses or gains that may result from your investment decisions.
CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage.81% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work, and whether you can afford to take the high risk of losing your money.