In the wake of the U.S. Congress’ passage of a $1 trillion infrastructure package late last week, the S&P 500 closed at a record high at the beginning of this week. Investor optimism is also encouraged by a decrease in unemployment claims and declining COVID-19 case numbers, as well as the expected strong fourth-quarter growth. We believe it is worth investing in fundamentally sound stocks ArcelorMittal, US Foods (USFD) and Sanderson Farms (NASDAQ) These stocks are known for their strong growth characteristics and the potential to double their earnings within the next few decades. So, let’s examine these names more closely.All three major U.S. stock market indices closed at record highs at the beginning of this week after the U.S. House of Representatives passed a $1.2 trillion infrastructure bill last week. Analysts expect that the stock market will remain positive in the months ahead due to favorable economic data. Citi’s Anthony Pettinari said in a note that “We view this generational investment as a significant catalyst for growth for a number of our stocks.”

According to the Labor Department, yesterday’s weekly unemployment claims dropped by 267,000. The fourth quarter will see strong growth after the slow third quarter growth. In addition, more economic growth is expected next year, fueled by the continued expansion in consumer and government spending, which have raised investors’ confidence.

This backdrop suggests that if you have $3,000 spare cash we recommend investing in ArcelorMittal’s fundamentally solid growth stocks (MT). US Foods Holding Corp . (NYSE) and Sanderson Farms Inc.

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