Best Non-US Stocks to Watch in 2023

Investing globally has become more accessible than ever before, and with the increasing diversification of portfolios, investors are turning their attention to the best non-US stocks. While the United States has traditionally been the go-to market for investors, the rest of the world offers a wealth of opportunities. In this article, we will explore some of the top non-US stocks that you should consider adding to your portfolio in 2023.

1. Tesla (TSLA) (NASDAQ: TSLA)

Tesla, the iconic electric vehicle (EV) manufacturer, is not only a symbol of innovation but also a global leader in the EV market. With its headquarters in the United States, Tesla has expanded its operations to several countries, including China and Germany. As the world continues to transition towards sustainable energy, Tesla's market share is expected to grow significantly. Investors should keep an eye on Tesla's expansion into new markets and advancements in battery technology.

2. NIO (NIO) (NYSE: NIO)

Another Chinese EV manufacturer, NIO, is making waves in the global market. NIO offers a range of premium electric vehicles, including SUVs and sedans, and has a strong focus on autonomous driving technology. The company has recently expanded its operations to Europe and the United States, which is expected to boost its revenue. Investors should look for NIO's growth in the international market and its success in capturing a larger share of the EV market.

3. ASML Holding (ASML) (NASDAQ: ASML)

ASML is a Dutch-based company that designs, develops, and sells advanced semiconductor equipment. The company is a global leader in the semiconductor industry, with a significant presence in Asia and Europe. With the increasing demand for advanced chips in various sectors, such as mobile devices, automotive, and data centers, ASML's revenue is expected to grow. Investors should pay attention to ASML's advancements in semiconductor technology and its partnerships with leading companies in the industry.

4. Renren (RENN) (NASDAQ: RENN)

Renren, a Chinese social networking website, is one of the leading platforms for Chinese internet users. The company has over 200 million monthly active users and has been successful in monetizing its platform through online advertising and other revenue streams. Investors should consider Renren's growth potential in the Chinese internet market and its expansion into new areas, such as e-commerce and online gaming.

5. Tencent Music (TME) (NYSE: TME)

Tencent Music is a leading music streaming platform in China, with a vast library of music and a large user base. The company is a subsidiary of the renowned tech giant Tencent and has been successful in generating significant revenue through advertising, subscriptions, and live performances. Investors should watch for Tencent Music's expansion into new markets and its potential for growth in the global music streaming industry.

In conclusion, investing in non-US stocks can provide a diverse range of opportunities and potentially higher returns. By focusing on companies like Tesla, NIO, ASML, Renren, and Tencent Music, investors can gain exposure to the rapidly growing markets of China and Europe. However, it is crucial to conduct thorough research and consider the risks associated with investing in international markets.