High inflation, supply chain issues and volatility are likely to make the stock market volatile. For more stability and returns it might be a smart move to purchase shares of large-cap stocks like Cisco (CSCO), Novo Nordisk NYSE:), HOYA Corp (HOCPY) and Mettler Toledo NYSE:. These stocks are rated ‘Strong Buy’ in our proprietary ratings system and have solid profitability attributes.The major stock market indexes attempted a comeback yesterday, as Congress appeared to be nearing a deal that would raise the debt ceiling in the short term and avoid a disastrous government default. In addition, promising data for Merck & Co., Inc.’s (MRK) oral treatment for COVID-19 has provided further support to the market.
Investors remain concerned by high inflation and supply chain problems. A Bankrate survey found that most experts think a stock market correction will occur within the next year. It would make sense to buy large-cap stock that are fundamentally solid to secure stable returns in this volatile market.
Cisco Systems, Inc., Novo Nordisk A/S, HOYA Corporation, and other large-cap stocks Mettler-Toledo International Inc (MTD) have immense potential. Their market dominance and fundamental strength make them a great investment. Also, these stocks are rated ‘Strong Buy’ in our POWR Ratings system and have an ‘A’ grade for Quality. It could be a smart move to place a bet now on these stocks.
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