Year-to-date, the DOW Jones Industrial Average, NASDAQ Composite, and S&P 500 have all returned close to 10%. Returns on investment are averaging close to 40% year over year. The market capitalization of Amazon.com, Inc. has surpassed $1.6 trillion. The corporation appears to be on track to surpass the $2 trillion mark in the near future. Amazon.com recently hired over 70,000 logistics workers in North America and is considering buying a medical diagnostics company. Caterpillar Inc. appears to be the clear winner as one of the finest US stocks this year. The company is in a unique position to benefit from US President Biden’s American Jobs Plan. Further market highs are expected to be driven by a drop in the national unemployment rate, new stimulus payments, and anticipated growth in the manufacturing sector.
Insider Monkey highlights the list of the 10 best US stocks to buy now. Adobe Inc. is a computer software firm based in California that was formed in 1982. It is tenth on the ranking of the top ten US stocks to purchase right now. Over the last year, Adobe stock has returned more than 26% to investors. The Walt Disney Company is a worldwide media and entertainment corporation based in California. Over the last 12 months, Disney stock has returned more than 46 percent to investors. It’s number nine on the list of the ten greatest US stocks to purchase right now. Bank of America Corporation is a financial services and investment bank based in North Carolina that was formed in 1784. It ranks eighth on the ranking of the top ten best US stocks to purchase right now. In the last year, Bank of America’s stock has returned more than 87 percent to investors. Brown-Forman Corporation is a Kentucky-based alcoholic beverage manufacturer and distributor. With a market capitalization of nearly $37 billion, the corporation is one of the largest beverage companies in the United States. Its well-known cocktails include Jack Daniel’s, Woodford Reserve, Canadian Mist, and GlenDronach. General Electric Company is a Boston-based multinational corporation with holdings in consumer electronics, aviation, and healthcare. In the last year, General Electric stock has returned more than 106 percent to investors. In recent years, the corporation has increased its investments in renewable energy. For more details, click 10 Best US Stocks to Buy Now.
