Investing in the stock market is becoming increasingly popular to accumulate money and achieve financial goals. According to recent data, the US has the most prominent stock market share, accounting for 59.9% of all countries (as of January 2022).

Online trading platforms allow retail investors to buy and sell stocks more efficiently than ever. Still, with so many companies out there, choosing which ones to invest in can take time. Considering past performance, market trends, and future potential, this blog looks at some of the best stocks to trade online.

Top stocks to trade online

Investing in stocks can be an exciting and potentially successful endeavor. With the advent of Internet trading, anyone with a computer and an Internet connection can buy and sell shares in companies worldwide. Here are the top stocks to consider when trading:

Apple Inc

Apple INC, commonly known in the stock market as AAPL, is the first stock you need to trade. Apple is one of the top tech companies that has gained popularity since its inception. Like other tech companies, Apple stock struggled in 2022 as recession fears and rising interest rates spook investors. Apple's outrageous 26.4% drop in 2022 and a price-to-earnings ratio of 25 present investors with an enticing opportunity to buy the $2.4 trillion iPhone company.

Apple claims an active installed base of over 2 billion devices and $20 billion in high-margin services revenue. While the company's latest earnings report missed expectations, supply chain imperfections were more to blame than demand issues. AAPL stock has started to recover from the recession in 2022, and the share price will rise to 16.1% in 2023.

IGL

IGL, also known as Indraprastha Gas, is another excellent stock. The company is one of the world's leading natural gas supply companies. IGL, or Indraprastha Gas, has had an operating income of Rs 13,232.60 for the last 12 months.

The company is debt-free and has a healthy balance sheet, allowing it to deliver consistent profitable growth through economic cycles. Its 56% annual revenue growth is impressive, its 22% pre-tax profit margin is excellent, and its return on equity of 19% is also excellent. Technically, the stock is trading comfortably above its 50-day and 200-day moving averages, about 5% above the 200-day moving average.

Amazon

Headquartered in Seattle, Amazon is the world's largest e-commerce company, founded by Jeff Bezos and now the world's richest man. It is one of the top e-commerce platforms for selling everything from jewelry, toys, home appliances, clothes, and more. Amazon, also known as AMZN in the stock market, is another stock that is well-suited for online trading.

But the market needed to be faster to shake off Amazon, whose crown jewel is Amazon Web Services, its massive, fast-growing, and lucrative cloud services subsidiary. Given Microsoft Corporation. (MSFT) trades at about ten times sales, while AWS trades at $850 billion for sure.

At Amazon's $1 trillion valuation, investors are getting the rest of the company's massive business -- $434 billion in 2022 sales -- for roughly $150 billion. AMZN is a strong pick for 2023, up 17% as of February 9.

Walt disney company

The Walt Disney Company, also known as DIS, is another excellent stock to consider trading. Disney is one of the leading companies dealing with various products and services, including theme parks, movies, and more. The pandemic has hurt Disney's theme parks and movie studios but has boosted the Disney+ streaming service, which has grown into a powerhouse years earlier than Disney expected.

Subscriber losses were smaller than expected after a price increase on its Disney+ streaming service, but theme park revenue rose 21% in the quarter. The allure of Disney CEO Iger is in full swing in 2023, with Disney stock up 27% year-to-date as of February 9.

Paypal

Paypal Holding INC, or PYPL, is another outstanding stock to trade online. It is an online payment platform that allows its users to accept or send payments from anywhere in the world. While EPS of $4.13 in 2022 is higher than any other year between 2018 and 2020, PayPal is a proven and well-run financial company. Its stock price is below pre-pandemic levels—shares down in 2022 on a 62% worsening macro environment, loss of lucrative ties to eBay Inc.

A newly announced agreement with Apple Pay to accept PayPal and Venmo-branded cards could increase PayPal's presence in brick-and-mortar shopping. Meanwhile, Amazon is now acquiring Venmo and giving PayPal access to its vast online marketplace. PYPL stock is up 10.1% in 2023 (as of February 9).

Shopping

Shopify is another standout stock to invest in. Shopify is a platform that enables businesses of all sizes to sell their products online, focusing on helping small companies to grow with them through long-term relationships. The platform has generated $5.6 billion in revenue over the past four quarters. However, that's only part of an estimated (and growing) $153 billion market opportunity as more merchants focus on direct online sales.

Shopify is a clear pick for top companies to buy in 2023, as shares have fallen sharply amid the current market downturn amid recession fears and signs of slowing consumer spending.

Diploma

Investing in stocks or the stock market can be an excellent way to make money over time, and online trading is easier than ever to get involved. However, it would help if you chose the right stocks to trade to maximize profits while minimizing risk. The top stocks in this article are some of the most reliable and promising companies today. By researching and staying abreast of market developments, you can decide which stocks to trade online.