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Just Released: 5 Top Stocks to Buy in July 2023 [PREMIUM PICKS]

Iain Butler
·2 min read
Stocks to buy in Canada in July 2023
Stocks to buy in Canada in July 2023

Written by Iain Butler at The Motley Fool Canada

Premium content from Motley Fool Stock Advisor Canada

“Best Buys Now” Pick #1:

ASML (NASDAQ: ASML)

At the end of each year, my colleagues and I at Stock Advisor Canada share a list of stocks every investor should own.

These so-called Starter Stocks don’t require much attention from you after you buy them. And generally speaking, we’re of the mind that the best returns come to those who buy these companies and leave them alone for as long as possible.

But the calendar months have been turning, so today, we’re sharing our favourite of these stalwart stocks for investing right now. These “Best Buys Now” represent the five companies from our Starter Stock collection that we think are, well, the best to buy … right now. Buy them and then forget about them — your returns will thank you later.

ASML

Suffice it to say, artificial intelligence (AI) has been the story of the first half of 2023. And underlying AI are semiconductors. The world as we know it craves them. The world of our future selves really craves them. Yet the entire industry is built upon the back of a single company: ASML (Nasdaq: ASML).

ASML makes lithography systems for the semiconductor industry. It has the world’s only “extreme ultraviolet” system necessary for advanced chips, as well as a large share of the deep ultraviolet market. The company’s products cost as much as $200 million each and have high gross margins. With massive growth expected in the semiconductor industry over the coming decades, ASML is in an incredibly unique position to capitalize.

“Best Buys Now” Pick #2

Redacted

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The post Just Released: 5 Top Stocks to Buy in July 2023 [PREMIUM PICKS] appeared first on The Motley Fool Canada.

Should You Invest $1,000 In Asml?

When our analyst team has a stock tip, it can pay to listen. After all, the newsletter they have run for nearly a decade, Motley Fool Stock Advisor Canada, is beating the TSX by 29 percentage points.*

They just revealed what they believe are the 5 best stocks for investors to buy right now… and Asml made the list -- but there are 4 other stocks you may be overlooking.

See the 5 Stocks * Returns as of 7/24/23

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Fool contributor Iain Butler has no position in any of the stocks mentioned. The Motley Fool recommends ASML. The Motley Fool has a disclosure policy.

2023