Although inflation worries and other concerns have been a concern, major stock market indexes have been at or near their highs. Therefore, we think it could be wise now to add fundamentally sound stocks WM Technology (MAPS) and Enthusiast Gaming (EGLX) to one’s portfolio. Wall Street analysts anticipate these stocks to rise more than 85% over the next few months, despite their missing earnings estimates from their most recent quarter. Let’s discuss.Investors have been anxious by historically high inflation and ongoing supply chain disruptions. The historically-high inflation, labor shortages, ongoing supply chain disruptions, and rising oil prices have made investors anxious. The consumer price index increased 6.2% in October—its biggest jump since December 1990. However, robust retail sales drove the stock market higher, with the S&P 500 and Nasdaq now currently hovering near their record highs.

The U.S. Commerce Department reported that retail sales increased by 1.7% seasonally in October. The unemployment rate also fell to 4.6% October, which is the lowest point since May 2020’s economic recovery. Goldman Sachs (NYSE 🙂 predicts that the economy will recover in the next quarters and the unemployment rate will drop to its lowest level for 50 years by year’s end.

This favorable environment makes it a good idea to invest in fundamentally-strong stocks Enthusiast Gaming Holdings Inc., (EGLX) and WM Technology, Inc., (MAPS). These companies may have missed their earnings estimates for the quarter ended March 31, but they still have the potential to rise in price in this month. Wall Street analysts anticipate these stocks to rise by more than 85 percent in the short term.

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