Thursday, October 21, 2021

3 Growth Stocks to Own for The Long Term

Must read

imageStock Markets43 minutes ago (Sep 22, 2021 04:30PM ET)

(C) Reuters. 3 Growth Stocks to Own for The Long Term

The recovery of the U.S. economy from its COVID-19 pandemic-led slump has been dizzying. Moreover, proposed infrastructure and supplementary spending bills are expected, if passed, to inject trillions of dollars into the economy, providing a major boost. Therefore, we think growth stocks QUALCOMM (QCOM), DENTSPLY SIRONA (NASDAQ:XRAY), and Atkore (ATKR) could be solid long-term bets. Let’s examine these names.The U.S. economy has demonstrated a remarkable recovery from its pandemic-led recession, with the total size of the economy now surpassing pre-pandemic levels. Real gross domestic product (GDP) increased at an annual rate of 6.6% in the second quarter of 2021, reflecting the economy’s sturdiness.

In addition, President Biden is confident that the Congress will approve a bipartisan infrastructure bill and a supplementary spending bill, as Democrats seek to inject nearly $5 trillion into the economy. If approved, the bill, with provisions for investment in several sectors, should boost the economy.

Thus, we think the shares of QUALCOMM Incorporated (NASDAQ:QCOM), DENTSPLY SIRONA Inc. (XRAY), and Atkore Inc. (ATKR), which possess solid growth attributes, could gain substantially in the long run.

Continue reading on StockNews

3 Growth Stocks to Own for The Long Term

Disclaimer: Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. All CFDs (stocks, indexes, futures) and Forex prices are not provided by exchanges but rather by market makers, and so prices may not be accurate and may differ from the actual market price, meaning prices are indicative and not appropriate for trading purposes. Therefore Fusion Media doesn`t bear any responsibility for any trading losses you might incur as a result of using this data.

Fusion Media or anyone involved with Fusion Media will not accept any liability for loss or damage as a result of reliance on the information including data, quotes, charts and buy/sell signals contained within this website. Please be fully informed regarding the risks and costs associated with trading the financial markets, it is one of the riskiest investment forms possible.

Latest article