5 best short term stocks to buy for Q3 2023

Some stocks offer short term opportunities giving investors the chance to profit quickly. Our guide picks five of the best short term stocks for 2021.
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Updated: Sep 19, 2023
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Investing for a small period of time is a popular choice among investors looking to take advantage of price fluctuations and changes in the stock market. These types of stocks can be held for anything from a few hours to a few weeks. This guide picks five of the best stocks for short term investments.

What are the top short term stocks to buy?

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Buying short term stocks can be done by buying shares in companies and holding them for a short period of time. The table below picks out five stocks our experts believe will perform well over the next few months. 

#Stock symbolCompany nameTrade now
1RBLXRoblox
Trade RBLX

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2LCIDLucid Group
3SPOTSpotify
Trade SPOT

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4COINCoinbase
Trade COIN

77% of retail CFD accounts lose money.

5DISWalt Disney
Trade DIS

77% of retail CFD accounts lose money.

List chosen by our team of analysts, updated September 2023.

1. Roblox (NYSE:RBLX)

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Roblox is an online gaming platform that allows users to develop and play a wide variety of multiplayer online games. Founded in 2004, Roblox has seen massive growth over the past few years as gaming has become even more popular, especially among younger audiences.

In 2021, Roblox saw its revenue grow 108% year-over-year to $1.9 billion. The platform now boasts over 52 million daily active users. While it is still not profitable, analysts expect strong top-line growth to continue as Roblox expands globally and further monetises its engaged user base.

Despite its recent declines, Roblox remains an attractive short-term investment opportunity for investors looking to capitalise on growth trends in the video game industry. The company’s platform, game creation tools, and the young, massive, addressable market provides a massive upside for further growth. While risks exist around competition and profitability, Roblox offers exposure to explosive market trends at a reasonable valuation for aggressive investors.

77% of retail CFD accounts lose money.

2. Lucid Group (NASDAQ:LCID)

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Lucid Group is an American car company specialising in electric cars. Originally founded in 2007 as Atieva, the business re-branded to Lucid Motors in 2016 and went public via a SPAC merger in 2021. Lucid’s first vehicle, the Lucid Air, was released in 2021.

Shares of Lucid spiked as high as $47 per share in 2022, shortly after the company delivered its first vehicles. However, the stock has fallen dramatically to around $5 amid broader market volatility in recent months.

Despite its decline, Lucid offers a speculative short-term opportunity, given high expectations for the company’s flagship Air sedan. Lucid boasts strong reservations and is increasing production capacity. As a pure-play luxury EV maker, Lucid also stands to benefit from electric vehicle trends in the coming years. LCID stock offers upside potential from current lows over the next five years for aggressive investors comfortable with volatility and high risk.

3. Spotify (NYSE:SPOT)

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As the world’s leading music streaming service with over 400 million users, Spotify has become a household name in recent years. However, after surging during the pandemic, shares plummeted nearly 60% in 2022 amid a broader selloff in technology and growth stocks.

Despite its recent woes, Spotify retains impressive long-term potential. The company continues to expand globally, forecasts substantial subscriber growth ahead, and is improving its margins. As the leader in a growth industry with strong competitive advantages, Spotify is well-positioned to generate strong returns over time.

Spotify may be an attractive short-term opportunity for investors who believe the stock has been overly punished. With strong revenue growth last quarter and improved guidance, momentum is increasing. For investors with a diversified portfolio, the appropriate time horizon, and risk exposure tolerance, Spotify appears well-positioned for gains over the next year.

77% of retail CFD accounts lose money.

4. Coinbase (NASDAQ:COIN)

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Coinbase is the largest cryptocurrency exchange in the United States and has emerged as a leader in the crypto market. The company went public through a direct listing in April 2021 as crypto enthusiasm boomed. Shares surged initially but have since plummeted over 80% below their highs.

Despite its steep decline, Coinbase retains leadership in a rapidly evolving market. Though near-term trading volume may remain under pressure amid recent crypto market turbulence, the long-term outlook for crypto adoption appears strong. With over 98 million verified users, Coinbase is well-positioned to benefit.

For aggressive investors who believe the recent crypto sell-off is overdone, Coinbase may offer an attractive short-term opportunity. The company has seen prior crypto cycles and remains well-capitalised. Although risks exist around regulation and competition, Coinbase offers an upside from current lows as macro conditions improve in coming quarters.

77% of retail CFD accounts lose money.

5. Walt Disney (NYSE:DIS)

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The final spot on our best short term stocks to buy list goes to Walt Disney. It is one of the world’s most iconic brands and media companies. However, its stock has suffered over the past year amid broader economic uncertainty. Challenges at its streaming division and Covid-related disruptions have also weighed on Disney’s performance.

With its unrivalled IP, franchises, and content collection, Disney remains an attractive prospect moving forward. The re-opening of parks and theatres should provide a boost while Disney+ continues to grow. With Shanghai and other parks ramping back up, Disney’s cash flow appears set to rebound sharply in 2023.

Down nearly 50% from its highs, Disney stock appears attractively valued for a blue-chip franchise with multiple levers for growth. Disney provides a compelling mix of value, quality, and upside potential over a short-term investment horizon for investors who can withstand near-term volatility.

77% of retail CFD accounts lose money.

Where to buy the best short term shares

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If you’re looking to invest in individual stocks for a short period of time, the best place to do so is with a broker. Check out our recommended brokers below. 

1
Min. Deposit
$ 10
Best offer
User Score
10
Up to $240 bonus!
Deposit with ACA, Wire, Pay with my bank
Invest for dividends and get payout on stocks on Ex-Dividend day
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Payment Methods:
Bank Transfer, Credit Card, Debit Card, PayPal, Wire Transfer
Full Regulations:
CySEC, FCA

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2
Min. Deposit
$ 0
Best offer
User Score
9.9
Get insights from millions of investors, creators, and analysts
Build your portfolio of stocks, ETFs, and crypto–all in one place
No minimum deposit
Start Trading
Payment Methods:
Bank Wire, Check, Debit Card, Wire Transfer
Full Regulations:
Cryptocurrency execution and custody services are provided by Apex Crypto LLC (NMLS ID 1828849) through a software licensing agreement between Apex Crypto LLC and Public Crypto LLC. Crypto trading on Public platforms is served by Public Crypto LLC and offered through APEX Crypto. Please ensure that you fully understand the risks involved before trading.
3
Min. Deposit
-
Best offer
User Score
9.4
Scope Markets is a regulated entity, following strictly the segregated accounts principal by offering a wide range of products together with Multi-Platform trading facilities.
Scope Markets offers one of the most comprehensive multimedia trading education libraries for traders all levels.
We commit to full transparency, excellence and continuous innovation.
Start Trading
Payment Methods:
Full Regulations:

What is a short term stock?

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Short term stocks are stocks that are better suited for holding for a short period of time. These types of stocks are typically bought and sold within a few hours to a few months.

These stocks have certain characteristics and many investors are mostly concerned with how the company is performing now, as opposed to how it may perform many years down the line. 

Are short term shares a good investment?

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That depends on the type of investor you are and your investment goals. These shares make good investments for people who do not want to hold a stock for many years while being exposed to wider market volatility

Investors in short term stocks tend not to worry about the overall fundamentals of a company and are more focused on near term movements and upcoming news releases over a specified period. Short term shares are a good idea for investors wanting to put unused capital to work while benefiting from short term volatility.

Before buying shares for a short period of time, it’s a good idea to keep an eye on the latest developments, which you can do by clicking the links below. 

Latest stock market news

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Prash Raval
Financial Writer
When not researching stocks or trading, Prash can be found either on the golf course, walking his dog or teaching his son how to kick a... read more.