Because the stock market is expected to remain volatile in the near term on concerns over rising inflation, we think it could be wise to add low-priced stocks GlobalStar (GSAT), OPKO Health (OPK), and Energous Corporation (NASDAQ:) to one’s watch list now. Wall Street analysts believe these stocks will deliver strong returns over the short term. Read on.The consumer price index surged 6.2% year-over-year last month, its highest gain since 1990, driving investors’ inflation concerns. Other, more positive, economic data will continue to drive the stock market. However, inflation worries could lead to significant volatility over the short term.

However, according to Suze Orman, a popular personal finance expert, “Over the long-term, stocks have produced the best gains after factoring in inflation. Bonds and cash struggle to keep pace with inflation; only stocks have a track record of earning more than inflation.” Furthermore, Fed officials have reiterated that the rally in commodity prices is temporary, owing to production and delivery bottlenecks caused by the COVID-19 pandemic. We believe that investing in lower-priced stocks could yield higher returns, as the inflation-driven gridlock is likely to end in the short term.

Therefore, it could be wise to add Globalstar, Inc. (NYSE:), OPKO Health, Inc. (OPK), and Energous Corporation (WATT) to one’s watch list now. Wall Street analysts anticipate these stocks to return significant returns soon, with their current trading price of less than $5.

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