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3 Stocks Up More Than 100% Year to Date, Still Rated ‘Strong Buy’ By StockNews

by Mike Robinson

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© Reuters. 3 Stocks Up More Than 100% Year to Date, Still Rated ‘Strong Buy’

While the resurgence of COVID-19 cases and the Evergrande crisis could fuel stock market volatility in the near term, the major market indexes have for now recovered following the Fed’s reiteration this week that it will support economic recovery. So, we think it could be wise to scoop up the shares of fundamentally sound stocks ZIM Integrated Shipping Services (ZIM), Teradata (TDC), and Dillard’s (NYSE:). These stocks are up to double in price this year. Continue reading.
The stock market has been volatile lately due to investors’ concerns surrounding the continuing increase in COVID-19 cases and a potential debt default by China’s troubled property giant Evergrande Group. Yesterday’s Federal Reserve announcement that it will continue to maintain its bond-buying program, ultralow-interest-rate policy and support the economy helped to spur stock markets to rally. Evergrande also is expected to make interest payments on an offshore bond.

The Labor Department reported that the Consumer Price Index (CPI), which increased by 5.3% in August compared to a year ago and decreased 0.3% from July. This indicates that inflation might be cooling. The unemployment rate has been declining steadily in recent months.

In this context, it might be wise to invest in quality stocks ZIM Integrated Shipping Services Ltd., Teradata Corporation, (NYSE:), or Dillard’s, Inc. In our POWR Ratings, these stocks have been rated Strong Buy. These stocks have experienced a price increase of more than 100 percent this year, and they still hold a lot of potential.

Continue reading on StockNews

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