The 10 Most Active Stocks Of 2023 – What Are The Biggest Movers This Year?
- The most actively traded stocks either have large trading volumes or price volumes.
- The list usually includes large-cap stocks, though small-cap stocks can appear with the right innovative product offering or news is released.
- Keep in mind that high trading volumes do not always result in gains.
Some investors evaluate the most active stocks list for investment ideas. These stocks are the most liquid, meaning you can easily and quickly buy or sell shares.
Moving into 2023, many investors are looking for new ideas to help them grow their wealth after the markets realized a loss in 2022. Here is a look at the stocks that could dominate the most active list this year.
Defining Actively Traded Stocks
All the major markets keep a list of the most traded stocks daily regarding the volume of shares traded and the highest dollar volume. These stocks are at the top of the daily lists most of the time since they are large companies attracting investments from retail and institutional investors.
Sometimes, you may find a small-cap stock leading the most active list, which is usually due to new information changing the stock’s valuation. This results in many investors trading the stock, putting it high on the list. Once the stock is priced more accurately, the increase in trading volume subsides, and it falls off the list.
Let’s look at the companies that tend to make up the most actively traded stocks and their outlook for 2023.
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Tesla’s stock declined in 2022 after years of high valuations. The company is considered an automotive and technology company. However, many investors lean towards the automotive classification since most of Tesla’s value comes from its ability to deliver finished products.
Wall Street analysts expect to see deliveries grow by as much as 40% in 2023, which could be too aggressive considering economic factors and Elon Musk’s recent antics on Twitter.
Apple is undergoing a stock price depreciation as investors sell their shares in bulk. Various economic forces are putting pressure on Apple’s ability to sell its products at high prices and in large quantities.
The inflationary environment has caused consumers to reel in their spending, resulting in falling sales for the iPhone. Investors are turning away from tech companies as investment options and turning to other industries instead.
As a result, 2023 might be a bumpy year for Apple’s stock price.
Amazon lost about 30% of its stock value during the last three months of 2022, but its price leveled off to the mid $80 range for the last couple of weeks of the year.
The stock reached as high as $170 per share in 2022, then lost about 50% of its share price. Part of this was due to the loss of confidence in the technology sector and inflation, resulting in people buying fewer products.
However, Amazon’s current stock value may have found its normal value and might slowly rebound over time.
Nio is a Chinese electric car manufacturer with plans to expand its operations into the U.S. by 2025. Its current lineup of cars is aimed at the luxury market, and it has the potential to give Tesla a run for its money performance-wise.
The company’s stock price is increasing and could be a breakout stock in 2023. Its current price may create a nice return on investment if the company can deliver on its promise of desirable and reliable luxury EVs.
Advanced Micro Devices
Advanced Micro Devices, or AMD, will likely have a bad first half of 2023 due to excess inventory and slowing sales. The company is regarded as one of the best manufacturers of high-performance computer products. Its Ryzen CPUs and Radeon RX GPUs were in high demand during the pandemic.
However, the collapse of the cryptocurrency mining industry, high prices, and economic slowdown have caused buyers to hold off on buying new GPUs.
Nevertheless, AMD is still a contender. Its products are desirable, so it should emerge from the inventory backlog without significant issues.
NVIDIA faces similar issues to AMD in that the inventory backlog of its GPUs is growing as sales slow. Its gaming division lost 51% of its revenue year-over-year from the third quarter of 2021 to 2022, and investors responded by selling off the stock in large quantities.
However, NVIDIA sees positive results from its automotive division, and it is entering the cloud computing industry with its GPU and CPU server processors. Its Grace server processors are reported to be more powerful while using less energy and could beat the performance of Intel’s CPU server processors.
Meta, the umbrella name for Facebook, Instagram, WhatsApp, and the virtual reality universe of the same name, is facing an uncertain 2023. Mark Zuckerberg is doubling down on his investment in virtual reality by spending cash on talent and labor to make his project a reality.
Meanwhile, Facebook has suffered from a loss of advertising revenue, and TikTok is challenging Instagram. It remains to be seen if Meta will recover and focus on competing with its rivals or if Zuckerberg will continue to focus on his virtual reality project at the cost of other operations.
The pandemic adversely impacted Carnival Corporation’s cruise operations, and the company is finding recovery difficult. At issue is the core nature of cruises, which is to house thousands of people together on one cruise ship. These conditions make it easy for a virus to spread.
Even though the coronavirus is becoming less severe, people are still reluctant to voluntarily put themselves at risk of illness. Carnival is showing signs of recovery, but its stock likely will see little growth in 2023.
Plug Power is a hydrogen fuel cell manufacturer delivering its product to the market and boasts an impressive list of corporate customers. It manufactures fuel cell systems for forklifts, delivery vans, and truck fleets. Plus, it supplies hydrogen to its customers.
Using hydrogen as an alternative fuel source is finally becoming a reality in terms of daily use, and Plug Power is showing that retrofitting existing equipment to run on the fuel without a significant effort is possible.
The company’s stock is poised for solid gains in 2023 if it keeps up with its hydrogen fuel cell equipment deliveries.
Ford is another company whose stock took a beating in 2022 due to a slowdown in vehicle sales. Historically, its stock price has been low even though it’s a major global auto manufacturer, and its EV lineup has generated a lot of excitement among car buyers.
The company’s outlook for 2023 is uncertain because supply chain issues are easing, more vehicles are reaching dealership lots, the average vehicle price is still high, and the cost to borrow money has significantly increased.
Furthermore, consumers are more reluctant to take on a large debt when their income is uncertain, which could put downward pressure on Ford’s stock in 2023.
If a stock shows up on the most active list, it does not mean it will increase in value. It could have large daily trading volumes because many mutual or exchange-traded funds own it and thus are traded frequently. A stock on the list could also lose value.
An alternative option to investing in the most active stocks is to look into Investment Kits offered by Q.ai. Our artificial intelligence scours the markets for the best investments for all manner of risk tolerances and economic situations. Then, it bundles them up in handy Investment Kits that make investing simple and strategic.
Best of all, you can activate Portfolio Protection at any time to protect your gains and reduce your losses, no matter what industry you invest in.
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Bonds See 2023 Recession, Stocks Aren’t So Sure
The yield curve is one of the most robust recession predictors and has signaled a recession may be coming since mid 2022. In contrast, U.S. stocks as measured by the S&P 500 are up materially from the lows of last October and only just below year-to-date highs, seemingly rejecting recession fears. Yet, fixed income markets see the Fed potentially cutting rates by the summer, perhaps reacting to a U.S. recession.
The Evidence From The Bond Markets
The recessionary evidence, at least from fixed income markets, is mounting. The 10 yield Treasury yield has been below the 2 year yield consistently since last July. That is is called an inverted yield curve and has signaled a recession fairly reliably when compared to other leading indicators.
Building on that, fixed income markets see almost a nine in ten chance that the Federal Reserve cuts rates by September of this year. That’s something the Fed has repeatedly said they won’t do on their current forecasts. Yet, a recession could cause it to happen.
The Stock Market
In contrast, the stock market shows some optimism. The S&P 500 is up 7% year-to-date as the market has shrugged off fears of contagion from recent banking issues. In particular, tech stocks have rallied.
In contrast, more defensive sectors such as healthcare, utilities and consumer goods have lagged in 2023. This suggests that the stock market is taking more of a ‘risk on’ position and is perhaps less worried about the economy.
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That said the stock market is a leading indicator of the business cycle, it may be that stocks see a recession, but are now looking past it to growth ahead and are factoring in the lower discount rates that a recession might bring as interest rates decline. Also, the U.S. stock market is relatively global, so the fate of the U.S. economy is a key factor in driving profits, but not the only one.
Monitoring unemployment data will be key. Though the yield curve is a good long-term forecaster of recessions it is less precise in signaling when a recession starts. Unemployment rates can offer more accurate recession timing. Unemployment edged up in February, suggesting a recession may be near, but we’ve also seen monthly noise unemployment. Two similar monthly unemployment spikes during 2022 both proved false alarms.
However, if we see a sustained move up in unemployment from the low levels of 2022 that may be a relatively clear sign that a recession is here. Economist Claudia Sahm estimates that a sustained 0.5% increase in unemployment rate from 12-month lows is sufficient to trigger a recession. Unemployment rose 0.2% from January to February 2023, so maybe we’re on the way there. Of course, the jobs market performed better than expected in 2022 and it could do so again. Still, fixed income markets do suggest a 2023 recession is coming. Stock markets don’t necessarily share that view.
Which States Have The Highest And Lowest Life Expectancies?
There’s a wide variance of life expectancies among the 50 states in the U.S., according to a recent report prepared by Assurance, an insurance technology platform that helps consumers with decisions related to insurance and financial well-being.
Figure 1 below shows the 10 states with the highest life expectancy, starting with Hawaii, the state with the highest life expectancy.
Figure 2 below shows the 10 states with the lowest life expectancy, starting with Mississippi, the state with the lowest life expectancy.
Assurance scoured life expectancy data prepared in January 2023 by the U.S. Centers for Disease Control and Prevention (CDC). With this data, Assurance created several easy-to-understand graphics that offer information about life expectancies.
Life expectancies are a basic measure of well-being
As measured by the CDC, life expectancies are a basic measurement of well-being in a broad population and not a prediction of how long an individual might live. The CDC measures the expected lifespan for a person born in the year of measurement. This measurement is calculated based on the assumption that the individual will live and die according to the rates of death that are prevalent in the measurement year for each age. There’s no assumed improvement or backsliding in the assumed mortality rates in future years for each age in the life expectancy calculation.
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By contrast, an estimated lifespan for an individual would consider their current age, their gender, and some basic lifestyle information. It might also attempt to project future improvements or backsliding in mortality rates based on key factors.
Significant influences on life expectancy calculations
Leading causes of death in the U.S. are heart disease, cancer, and accidents in that order. These immediate causes are significantly influenced by factors in the population such as poverty rates, educational attainment, rates of obesity and smoking, access to healthcare, prevalence of violent crime, and the support people receive from federal, state, and local governments. All these factors can vary widely among different states, which can be a key reason why life expectancies vary by state.
When you think about it, all these factors also have the potential to influence a person’s quality of life. The measured life expectancy rate rolls up all these factors into one objective measurement of well-being that’s based on population data.
In addition to the factors listed above, mortality rates increased and life expectancies decreased in the past few years due to the Covid-19 pandemic. A recent article titled “Live Free And Die” summarized recent research results that show that life expectancies in most countries around the world rebounded after the Covid-19 pandemic but that they continued to decline in the United States. Many of the reasons cited in the article for the continued decline in U.S. life expectancies are the same or similar to the factors listed above.
Why should retirees care about the life expectancies reported here if these measures don’t predict your own lifespan? Life expectancy calculations indicate the general well-being of the entire population in your area. While the living conditions in your area can influence your own lifespan and quality of life, retirees should focus on their remaining life expectancy given their age. They should also consider how the factors listed above that influence life expectancies in the population might apply to them.
You can obtain customized estimates of your remaining life expectancy at the Actuaries Longevity Illustrator. Part of your planning for retirement is understanding how long you an an individual might live, instead of relying on generalized information about larger populations you see in the media.
IRS Dirty Dozen Campaign Warns Taxpayers To Avoid Offer In Compromise ‘Mills’
Owing taxes can be stressful. Unfortunately, the actions of some companies can make it worse. As part of its “Dirty Dozen” campaign, the IRS has renewed a warning about so-called Offer in Compromise “mills” that often mislead taxpayers into believing they can settle a tax debt for pennies on the dollar—while the companies collective excessive fees.
The “Dirty Dozen” is an annual list of common scams taxpayers may encounter. Many of these schemes peak during tax filing season as people prepare their returns or hire someone to help with their taxes. The schemes put taxpayers and tax professionals at risk of losing money, personal information, data, and more.
(You can read about other schemes on the list this year—including aggressive ERC grabs here, phishing/smishing scams here and charitable ploys here.)
Tax Debt Resolution Schemes
“Too often, we see some unscrupulous promoters mislead taxpayers into thinking they can magically get rid of a tax debt,” said IRS Commissioner Danny Werfel.
“This is a legitimate IRS program, but there are specific requirements for people to qualify. People desperate for help can make a costly mistake if they clearly don’t qualify for the program. Before using an aggressive promoter, we encourage people to review readily available IRS resources to help resolve a tax debt on their own without facing hefty fees.”
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Offers In Compromise
Legitimate is a key word. Offers in Compromise are an important program to help people who can’t pay to settle their federal tax debts. But, as the IRS notes, these “mills” can aggressively promote Offers in Compromise—OIC—in misleading ways to people who don’t meet the qualifications, frequently costing taxpayers thousands of dollars.
An OIC allows you to resolve your tax obligations for less than the total amount you owe. You generally submit an OIC because you don’t believe you owe the tax, you can’t pay the tax, or exceptional circumstances exist.
Because of the nature of the OIC—and the dollars involved—the process can be time-consuming. It can also be confusing for taxpayers who may not have a complete grasp on their finances.
First, you must complete a detailed application, Form 656, Offer in Compromise. You must also submit Form 433-A, Collection Information Statement for Wage Earners and Self-Employed Individuals, or Form 433-B, Collection Information Statement for Businesses, with supporting documentation (generally, bank and brokerage statements and proof of expenses).
You’ll also need to submit a non-refundable fee of $205 and payment made in good faith. The payment is typically 20% of the offer amount for a lump sum cash offer or the first month’s payment for those made over time. Generally, initial payments will not be returned but will be applied to your tax debt if your offer is not accepted. Payments and fees may be waived if the OIC is submitted based solely on the premise that you do not owe the tax or if your total monthly income falls at or below income levels based on the Department of Health and Human Services (DHSS) poverty guidelines.
The IRS will examine your application and decide whether to accept it based on many things, including the total amount due and the time remaining to collect under the statute of limitations. The IRS will also review your income—including future earnings and accounts receivables—and your reasonable expenses, as determined by their formula. The IRS will also consider the amount of equity you have in assets that you own—this would include real property, personal property (like automobiles), and bank accounts.
Before your offer can be considered, you must be compliant. That means you must have filed all your tax returns and paid off any liabilities not subject to the OIC. After you submit your offer, you must continue to timely file your tax returns, and pay all required tax, including estimated tax payments. If you don’t, the IRS will return your offer.
Additionally, you cannot currently be in an open bankruptcy proceeding, and you must resolve any open audit or outstanding innocent spouse claim issues before you submit an offer.
You can probably tell—it’s a lot to consider. You may want representation. A tax professional can help marshal you through the process and offer practical guidance, while communicating what fees could look like.
By contrast, according to the IRS, an OIC “mill” will usually make outlandish claims, frequently in radio and TV ads, about how they can settle a person’s tax debt for cheap. Also telling: the fees tend to be significant in exchange for very little work.
Those mills also knowingly advise indebted taxpayers to file an OIC application even though the promoters know the person will not qualify, costing taxpayers money and time. You can check your eligibility for free using the IRS’s Offer in Compromise Pre-Qualifier tool.
“Pennies On A Dollar”
What about those promises that taxpayers can routinely settle for pennies on a dollar? Not true. Generally, the IRS will not accept an offer if they believe you can pay your tax debt in full through an installment agreement or equity in assets, including your home. That’s why the IRS tends to reject a majority of OICs that are submitted. The acceptance rate is less than 1 in 3, according to the 2021 Data Book.
The IRS will generally approve an OIC when the amount offered represents the best opportunity for the IRS to collect the debt. It’s true that there’s a formula that the IRS uses to figure out how much they think they can collect from you. But there is some wiggle room to account for special circumstances, including a loss of income or a medical condition. It’s worth noting those are the exceptions, not the rule.
While submitting an OIC may keep the IRS from calling you, it doesn’t stop all collections activities—don’t believe companies that suggest that submitting an OIC will make your tax debt disappear. Penalties and interest will continue to accrue on your outstanding tax liability. Additionally, the IRS may keep your tax refund, including interest, through the date the IRS accepts your OIC.
You may also be liened. In most cases, the IRS will file a Notice of Federal Tax Lien to protect their interests, and the lien will generally stay in place until your tax obligation is satisfied.
An OIC is a serious effort to resolve tax debt and shouldn’t be taken lightly. Be skeptical—if it sounds too good to be true, it likely is. If you’re considering an OIC, hire a competent tax professional who understands the rules and is willing to level with you about your chances of being successful—including other options. Don’t fall into a trap that can make your situation worse.
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