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Got $2,000? These 2 Stocks Are Screaming Buys -Breaking

by Mike Robinson

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© Reuters. Are you looking for $2,000? These Stocks Make Great Buys

Major stock market indexes are moving higher thanks to an encouraging start to the third quarter earnings season, declining jobless claims, as well as decreasing COVID-19 cases. It could make sense to bet on solid stocks, according to our opinion. Extreme Networks Universal Electronics and (NASDAQ:). These two stocks are rated ‘Strong Buy’ in our proprietary rating system. Continue reading. The major stock markets have gained momentum over the last few days due to optimism regarding a strong start for the third quarter earnings season. The S&P 500 notched a six-day winning streak, verging close to its record high on October 20.

Strong corporate earnings are the main factor that drives the market higher, despite concerns about current supply chain disruptions and rising inflation. According to a FactSet report, combining already reported results and estimates, the net profit margin for the S&P 500 members for the third quarter is 12.3%, which exceeds the 10.9% five-year average net profit margin.

We believe that if you have $2,000 to invest in Extreme Networks, Inc. and Universal Electronics Inc. These stocks have high growth characteristics and should continue growing. They also possess a ‘Strong Buy’ rating in our proprietary POWR Ratings system.

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