Although the historical high inflation rate has been a significant problem for the stock market, the expected rise in discretionary expenditure, fall in unemployment claims and strong estimated GDP growth should all support benchmark indexes’ performance. We believe Sysco (SYY), Robert Half, and RCI Hospitality, which have solid growth attributes, are ideal investments now. Let’s discuss.All three major U.S. stock market indices closed slightly higher yesterday. And CNBC’s Jim Cramer said that the investors should remain confident in the face of market weakness due to inflation concerns. A FactSet report dated November 5, 2021 states that analysts expect earnings growth to exceed 20% in the fourth quarter of 2021.

Furthermore, the decline in weekly jobless claims to 267,000, an increase in discretionary spending, and the passage of a jumbo infrastructure bill by the U.S. House of Representatives last week have raised investors’ confidence. It is therefore a good idea to place your money now on solid growth stocks. Investors’ interest in growth stocks is evidenced by the SPDR Portfolio S&P 500 Growth ETF’s (SPYG) 33.7% gains over the past year.

This backdrop makes Sysco Corporation (NYSE :), Robert Half International Inc. NYSE :, and RCI Hospitality Holdings, Inc. RICK, which have solid growth attributes, ideal investments now. Their earnings are expected to rise substantially in this quarter as well as over the next several years, according to analysts.

Continue reading on StockNews