Buying a stock is deceptively easy, but purchasing the right stock at the right time without a proven strategy is incredibly hard. So, what are the best Robinhood stocks to buy now or put on a watchlist? At the moment, Taiwan Semiconductor (), Netflix () and Broadcom () are standout performers.

This trio is also part of the Robinhood Top 100 Stocks list, the most popular stocks among traders using the platform. Unlike meme stocks such as GameStop () and AMC Entertainment (), these stocks offer a mix of solid fundamental and technical performance.

There are thousands of stocks trading on the NYSE and NasdaqJaipur Wealth Management. But to generate big gains you have to find the very best. The best Robinhood stocks for investors will be those that offer a mix of strong earnings and stock market performance.

The IBD Methodology offers clear guidelines on what you should be looking for. Invest in stocks with recent quarterly and annual earnings growth of at least 25%. Look for companies that have new, game-changing products and services. Also consider not-yet-profitable companies, often recent IPOs, that are generating tremendous revenue growth.

A key part of investing is to keep track of the market. Most stocks, even the very best, follow the market direction. Invest when the stock market is in a confirmed uptrend and move to cash when the stock market goes into a correction.

The stock market turned in stunning gains in 2023 and has been building on those gains so far this year, for the most part. The S&P 500 and the Nasdaq got smacked below the key 50-day moving average after July's jobs report spooked investors. While there was more choppy action at the start of September, the Nasdaq and the S&P 500 have now recaptured the important technical benchmark.

The stock market is looking bullish again despite recent wobbles. Investors should be looking to buy high-quality issues with good growth prospects. The selections below are among the best stocks to buy or watch now. The IBD 50 is also a rich hunting ground.

Nevertheless, it remains crucial to stay on top of sell signals. Any stock that falls 7% or 8% from your purchase price should be jettisoned. Also beware of sharp breaks below the 50-day or 10-week moving average.

Remember, there is still significant headline risk. Inflation could still be an issue, while the Russia-Ukraine conflict is a wild card that has proved its ability to shake the market. The current issues in Israel and Palestine add even more uncertainty.

Things can change quickly when it comes to the stock market. Make sure to keep a close eye on the market trend page here.

Now let's look at Taiwan Semiconductor stock, Netflix stock and Meta stock in more detail. An important consideration is that these stocks are solid from a fundamentals perspective, while institutional ownership is also strong.

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The chipmaker in a buy zone above a cup-with-handle base entry of 175.45. It is actionable as high as 184.22.

TSM stock is holding above its 50-day line and just got support at the 21-day exponential moving average. The relative strength line, while off recent highs, is also moving up again.

Overall performance for Taiwan Semiconductor stock is very strong, earning it an IBD Composite Rating of 93 out of 99.

Buoyed by the current artificial intelligence craze, the stock has spiked around 72% so far this year.

The stock is a good all-around performer, with its IBD Composite Rating coming in at 93. Earnings performance is a key strength for the semiconductor juggernaut, which is reflected in its EPS Rating of 93 out of 99.

It is in the midst of an earning turnaround at the moment, with its EPS popping by 30% in the most recent quarter. Earnings are expected to rise 24% this year before ramping up to 27% growth in 2025, largely satisfying the growth levels sought by investors following The IBD Methodology.

Taiwan Semiconductor stock is showing leadership, and currently sits at the top of the competitive Electronics-Semiconductor Manufacturing industry group.

Big Money is mostly standing pat on TSM stock of late. This is reflected in its Accumulation/Distribution Rating of D+. But the up/down volume ratio is a solid 1.

Overall institutional ownership is low, with 8% of shares currently being held by funds, according to MarketSurge data. But some noteworthy funds are backers, including the Fidelity Contrafund (FCNTX) and the MFS Growth Fund (MFEGX).

Taiwan Semiconductor is a key player in the ongoing AI revolutionKanpur Investment. Customers include the likes of Nvidia (), Advanced Micro Devices () and Apple ().

Nvidia CEO Jensen Huang hailed the company's production quality at the Goldman Sachs Communacopia & Technology Conference on SeptNagpur Stock. 11.

"We're fabbing at a TSMC because it's the world's best. And it's the world's best not by a small margin. It's the world's best by just incredible margin," he said.

Netflix stock is in a buy zone above a cup-base entry of 697.49, according to MarketSurge analysisLucknow Stock. Shares also tested a 711.33 alternate entry.

NFLX has been getting support at the 21-day exponential moving average as well as the 50-day line. In addition, the relative strength line sits near fresh highs, a bullish sign. It had been bending higher as it formed the right side of the pattern.

Overall performance is strong, which is reflected in NFLX's near-perfect . Earnings performance is also mighty, with its EPS Rating standing at 98.

Indeed, earnings have grown by an average of 597% over the past three quarters, impressive performance by any standard. EPS is seen rising 59% in 2024 and then slowing to 20% growth in 2025.

Revenue growth has accelerated for four straight quarters.

Institutional sponsorship has increased of late, with the stock's Accumulation/Distribution Rating coming in at B-.

NFLX stock has been benefiting from the company's moves to crack down on password sharing and to offer a cheaper ad-supported tier of service.

Netflix has grown tremendously from its roots as a subscription DVD-by-mail service. It is now the leader in digital streaming, offering subscription video-on-demand service in over 190 countries.

It produces its own content, with hits including "Stranger Things," "The Crown," "Squid Game" and "Bridgerton." But content costs are coming down as rivals license more shows to Netflix once again.

Also, the firm is moving beyond its wheelhouse of movies and shows and into the live events arena.

Earlier this year it announced a deal with TKO Group () to carry the WWE's flagship pro wrestling program "Raw" starting in January 2025. The 10-year deal is worth over $5 billion.

Netflix has also announced that it will stream two NFL games on Christmas Day this year. Plus, it will stream at least one Christmas Day football game in 2025 and in 2026.

The addition of live content will help attract advertisers to Netflix, Argus Research analyst Joseph Bonner said.

Netflix stock currently sits at the summit of the competitive Leisure-Movies & Related industry group.

Nvidia Rises While Tesla Retreats; Jobs Report Looms

The chip stock is another of the best Robinhood stocks to buy now. It offered an aggressive entry as it matched a trendline and cleared the . Shares pulled back on Sept. 16 and briefly cleared the short-term high of 172.42, another early buy point.

In addition, the stock is shooting for a consolidation-pattern buy point of 185.16, according to MarketSurge analysis. This is a third-stage base, which counts as midstage.

The stock is seeing its relative strength line bend upward, though it remains off recent highs.

Shares plunged on Sept. 6 following Broadcom's fiscal Q3 earnings report, but roared back after finding support at the 200-day line.

Excellent all-around performance is reflected in AVGO's perfect . Earnings performance is excellent here, with Broadcom holding an EPS Rating of 93 out of 99Chennai Stock

Broadcom's stock price . This is easily above the benchmark S&P 500's lift.

Institutions have been net buyers of AVGO stock of late, with its . Currently, 48% of its shares are held by funds, .

Broadcom serves as an alternative artificial intelligence play for those who believe Nvidia is overvalued. It is a leader in custom chips that companies also need to implement all the power that AI brings to data centers, networks and even connected devices like smartphones.

Bernstein analyst Stacy Rasgon is rating AVGO as one of his top picks in the semiconductor sector. While sentiment around AI chip stocks "has taken a pause," Rasgon said, "demand clearly has not." He has a price target of 195 on Broadcom stock.

As if that wasn't enough, Broadcom is on two different exclusive IBD lists, the Big Cap 20 and Tech Leaders.

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