Major stock market indexes have been making new highs as the economy recovers and fiscal and monetary policy remain supportive. Amid this backdrop, it is wise to add high-quality stocks like ArcelorMittal (NYSE:MT), Darden Restaurants (NYSE:DRI), and Ternium (TX) to your portfolio as they possess a solid combination of growth, value, and momentum features.The stock market has been relentlessly advancing the last couple of weeks despite inflation concerns and the Fed’s hawkish pivot. Overriding these concerns is expectations of another strong earnings season and the lack of alternatives for investors beyond stocks.
The S&P 500 hit another record high on July 2 rising for a 7th straight day, and the tech-heavy Nasdaq and the Dow Jones Industrial Average also closed higher. The economic recovery led by rapid vaccination drives and supportive fiscal and monetary policies is expected to help fundamentally strong stocks soar in the near term.
ArcelorMittal (MT), Darden Restaurants, Inc. (DRI), and Ternium S.A. (TX) are expected to generate significant returns in the second half of this year because of their solid financials, and consistent product and service innovation. These three stocks possess a solid combination of growth, value, and momentum attributes. So, it could be wise to bet on them now.