2 Ideal Stocks to Add to Your Portfolio in October By StockNews
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© Reuters. 2 Stocks that are Ideal to Add to Your Portfolio for OctoberInvestors appear to be more confident after the debt ceiling agreement was announced. Major indexes were in green yesterday. As the holiday season draws near and companies gear up to their last quarter of 2018, the stock market will likely gain considerable traction over the next few months. To capitalize on the anticipated market momentum, quality stocks Dillard’s Inc. (NYSE:) and Mannatech Incorporated (MTEX) could be great additions to your portfolio.As the U.S. Senate appears to be reaching a temporary agreement to avoid a federal debt default in the next two weeks, the major indices ended Wednesday’s session in the green. Although COVID-19 and inflationary pressure are still concerns, there may be more volatility over the next few months. However, consumers may spend more in anticipation of the holiday season.
Additionally, businesses are scrambling to boost their investments before the end of their fiscal year, so stocks will likely see steady gains over the next few months.
Therefore, Dillard’s Inc. (DDS) and Mannatech Incorporated (MTEX) could be ideal bets as they are fundamentally well-positioned to capitalize on the seasonal tailwinds.
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