Top 10 companies we should watch in 2023

Last year, Super Micro Computer (SMCI) was the best-performing stock in the tech sector. Fun fact: from 2009 to 2022, the company’s staff grew by four times; but the truly explosive growth was way back from 1993 to 2009 when the staff grew by 220 times. Anyway, SMCI had a winning streak in 2022, and now it’s time to turn your attention to 2023 stocks.

Recently Bloomberg Intelligence named 50 companies to keep an eye on in 2023 based on growth prospects, resilience in an inflationary environment, and future plans. These are the ten companies with the biggest estimated revenue changes:

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1. CrowdStrike, software (+38%)

“The growth will be driven by expanding product suite, increasing sales via channel partners such as Amazon Web Services and the growing risk of cyberattacks,” says Bloomberg Intelligence senior analyst Mandeep Signh.

A growing number of organizations are shifting their operations online and become increasingly reliant on technology. Being a leader in the endpoint protection market, CrowdStrike could see a boost in their stock as they are well positioned to benefit from its trend.

2. Prudential, insurance (+34%)

As consumer confidence and spending increase, demand for insurance products will likely increase as well. An increase in interest rates is another contributing factor. Additionally, Prudential has a strong brand and a diversified business portfolio that includes operations in Asia, which is a high-growth region.

3. CATL, batteries (+33%)

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CATL also provides batteries for energy storage systems, so it benefits from the renewable energy sources trend. Also, the company has formed partnerships and collaborations with major automakers, such as Volkswagen, BMW, and Daimler, which could also drive growth for the stock.

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4. Aker BP, oil (+26%)

The company’s ongoing exploration and development activities often lead to the discovery of new oil and gas reserves, which reflects positively on the stock. And Aker’s strong financial position helps it capitalize on any opportunities in the oil and gas industry.

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5. KE Holdings, property agent (+22%)

As more people use the internet to search and transact real estate worldwide, KE’s online real estate platform is seeing great demand. So far, the company’s business model has been very successful in the Chinese market.

6. Singapore Airlines, transportation (+22%)

Singapore Airlines is investing in new aircraft and technologies, such as the A350 and the A380, which are more fuel-efficient and environmentally friendly. This is expected to be an attractive selling point for passengers, which complements decent air travel demand.

7. ASML, semiconductor equipment (+20%)

As the industry continues to push for smaller, more powerful, and energy-efficient chips, the demand for ASML’s products and services is likely to increase. Plus, the increasing adoption of 5G technology will require more equipment to produce the necessary chips.

8. Luxshare Precision, electronic manufacturing (+18%)

Luxshare Precision is expanding into new sectors, such as healthcare and automotive, promising new revenue streams. It is also a major supplier of Apple, with strong sales to the company. 

9. Airbus, defense (+16%)

Increased spending for European defense will support commercial aircraft build rates. Additionally, Airbus’s highly profitable A320 is projected to jump to more than 60 a month rather than the targeted 45.

10. Novo Nordisk, pharmaceuticals (+16%)

Novo Nordisk has a strong pipeline of drugs in late-stage clinical development, which systematically brings in new revenue streams. As a leading provider of diabetes treatments, it currently capitalizes on the prevalence of diabetes diagnoses.

Sources: 

50 companies to watch in 2023, Bloomberg

Top 20 industries in the world heading into 2023, Yahoo Finance

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