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3 Under the Radar Stocks Wall Street Loves By StockNews


© Reuters 3 Under the Radar Stocks Wall Street Loves

Rising inflationary pressure, a weak job market, and the Fed’s potential tapering could prolong stock market instability in the near term. The earnings season will bring some momentum to the market, but the market should still show some strength later in the month. Wall Street analysts believe that the less-known shares Cazoo Group, 23andMe and Sharecare will deliver some decent upside. Read on.Weaker-than-expected labor market data, uncertainty surrounding the Fed’s potential tapering, and rising inflation have caused the benchmark indices to edge lower of late. Investors are optimistic, however, as the third quarter earnings season begins this week. According to Larry Williams, a veteran chart analyst, the stock market will move higher in October.

This is why we believe investing in stocks which have potential to produce solid returns over the short term, even though they are often overlooked, could make sense.

Wall Street analysts see this as a reason to be optimistic about the upside potential for under-the radar stocks Cazoo Group Ltd., 23andMe Holding Co., ME, and Sharecare, Inc., (SHCR). This is because they have sound fundamentals.

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Mike Robinson
Mike covers the financial, utilities and biotechnology sectors for Street Register. He has been writing about investment and personal finance topics for almost 12 years. Mike has an MBA in Finance from Wake Forest University.