The U.S. economy is getting back on track after erasing pandemic-driven losses last quarter and is thought to be on the cusp of a productivity boom. In this scenario, we believe that fundamentally sound mid-cap stocks KT Corp (NYSE:) and LG Display (NYSE:) could be ideal investment bets.The U.S. economy is regaining its stride after recovering significantly from pandemic woes in the second quarter. The government is trying to maximize its vaccination program through booster shots to help bolster the nation’s recovery from the public health crisis-led downturn to pre-pandemic economic levels. The stock market has remained bullish since the beginning of 2021; the S&P 500 index had reported seven consecutive months of gains as of August 30.
The United States could be experiencing an economic boom thanks to improved macroeconomic conditions and strong consumer spending. Mid-cap businesses have a history of outperforming the larger markets over such periods.
Thus, we think fundamentally sound mid-cap stocks KT Corporation (KT) and LG Display Co ., Ltd. (LPL) should be solid bets now.
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