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4 Stocks to Grab Now for a Santa Claus Rally -Breaking

by Mike Robinson

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© Reuters. Four Stocks You Need to Buy Now in Order To Attend Santa Claus Rally

Investors feel optimistic about the Federal Reserve meeting. It could make sense to invest in quality stocks QUALCOMM (NASDAQ:), GMS Inc . (NYSE:), Axcelis Technology, Inc.(NASDAQ:), Huttig Building Products, Inc. Both are in a strong position to witness a Santa Claus rally. Keep reading. Markets closed yesterday lower because of the Federal Reserve meeting. Investor sentiment should remain positive given the possibility of interest rate increases and the milder than predicted omicron variation.

Although the market is expecting nearly three rate hikes in 2022, stocks remain at historic highs. According to Jefferies (NYSE:) strategist Sherif Hamid, “A lot of near-term hawkishness is thus already in the price.” Also, according to a Factset report, the S&P 500 will close above 5,200 in 2022.

This backdrop suggests that it might be wise to invest in fundamentally sound stocks QUALCOMM Incorporated, GMS Inc., GMS Inc., Axcelis Technols, Inc., Huttig Building Products, Inc., (HBP). They have been rallying over the past few months and are expected to be part of this year’s Santa Claus rally.

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