3 New Stocks to Buy Now for a Profitable 2023 Investors looking for new stocks to buy have limited options this year, with the U.S. markets on track for their slowest year of initial public offerings since 2009 . What’s more, the Renaissance IPO ETF (NYSEARCA: IPO ) is down 38% year to date, significantly more than the broader market. But, as anyone investing in recently debuted stocks knows, this is a high-risk, high-reward game. Sometimes it’s better to wait for the hype to die down a bit and the froth to come off the shares. Let the company get a few earnings reports behind it so you can get a clearer picture of its execution and growth prospects. With that in mind, I have three new stocks to buy, “new” being a relative term. Each has made its public debut in the past three years (and change). All of these stocks are down significantly over the past year but could deliver outsized gains in 2023 if we see a turnaround in the market. OPEN Opendoor Technologies $6.32 BYND Beyond Meat $36.59 KIND Nextdoor $3.08 Opendoor Technologies (OPEN) Source: Tada Images | Shutterstock.com Opendoor Technologies (NASDAQ: OPEN ), which went public in December 2020, is a great investment for anyone interested in the tech sector.