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This, along with a decent global economic recovery, has helped the stock market bounce back from its bottom in 2020 to hit all-time highs. This is evident in the Dow Jones Industrial Average (DJI), S&P 500, and Nasdaq Composite’s gains of 79.8%, 84.6% and 106.3%, respectively, from their lows in March 2020.
As the global economy has been recovering from the damage caused by the pandemic, companies with strong balance sheets have been returning to their pre-pandemic performance levels this quarter. In fact, shares of Covestro AG (COVTY), Foot Locker, Inc. (FL), and Gates Industrial Corporation plc (GTES) have been witnessing strong growth and momentum, which they have the potential to maintain. These stocks can be fairly described as no-brainer stocks now given their solid fundamentals. So, we think it could be wise to bet on these stocks now.
