Stock Groups

4 No-Brainer Mid-Cap Stocks to Invest in Right Now By StockNews

[ad_1]

© Reuters. 4 No-Brainer Mid-Cap Stocks to Invest in Right Now

Even though concerns over the resurgence of COVID-19 cases and the Evergrande liquidity crisis could keep the stock market under pressure in the near term, many expect the economy to remain resilient. Quality mid-cap stocks such as Boyd Gaming (NYSE;), Signet Jewelers(NYSE:), Dillard’s (NYSE :), and Atkore [ATKR] could provide solid returns over the next few months. These stocks have an overall ‘Strong Buy’ rating and favorable value and growth grades in our proprietary rating system. Read on.The major U.S. stock market indexes declined significantly on September 20 on investors’ pessimism surrounding China’s Evergrande Group, which might be on the brink of default. The stock market’s volatility can also be attributed to uncertainty regarding the timing of the Federal Reserve’s tapering activities and the increase in COVID-19 cases.

According to Labor Department, however, August’s consumer price index (CPI), rose 5.3% year-over-year and was 0.3% higher than July. This indicates that inflation is starting to slow down. In August, however, sales increased 0.7%, surprising considering fears about COVID-19.

Against this backdrop, we think it could be wise to bet on quality mid-cap stocks Boyd Gaming Corporation (BYD), Signet Jewelers Limited (SIG), Dillard’s, Inc. (DDS), and Atkore Inc. (ATKR). These stocks are rated ‘Strong Buy’ in our POWR Ratings system. They also have a strong combination of value and growth attributes.

Continue reading on StockNews

Disclaimer: Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. CFDs are stocks, indexes or futures. The prices of Forex and CFDs are not supplied by exchanges. Instead, they are determined by marketmakers. As such, the prices might not reflect market conditions and could be incorrect. Fusion Media does not accept any liability for trade losses you may incur due to the use of these data.

Fusion Media or anyone involved with Fusion Media will not accept any liability for loss or damage as a result of reliance on the information including data, quotes, charts and buy/sell signals contained within this website. Trading the financial markets is one of most risky investment options. Please make sure you are fully aware about the costs and risks involved.

[ad_2]