Current market volatility notwithstanding, we believe quality growth stocks with the potential to generate solid earnings, such as HCA Healthcare (NYSE:HCA), Companhia Siderurgica (SID), Korn Ferry (NYSE:KFY), and Matson Inc. (NYSE:MATX), could be great bets now. So, let’s examine these names.Following a disappointing August, the U.S. economy added just 194,000 jobs in September, versus a 500,000 projection by Dow Jones, which has fostered pessimism among some investors. This, along with several lingering issues, could keep the market under pressure in the near term.
The stock market continues to exhibit extreme volatility, as evidenced by the CBOE Volatility Index’s (VIX) significant increase over the past three months, due to inflation concerns and doubts about the economic recovery. Growth stocks are usually ideal for dodging short-term market fluctuations, however. And the government’s continuing fiscal and monetary support to the economy, along with the potential that the forthcoming third-quarter earnings season will be encouraging, could further boost returns of growth stocks poised to deliver solid earnings.
Therefore, we think it could be wise to bet on HCA Healthcare Inc. (HCA), Companhia Siderurgica Nacional (SID), Korn Ferry (KFY), and Matson Inc. (MATX) because they possess solid growth attributes and are well-positioned to deliver solid earnings.