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The IMF has revised its growth forecast for the U.S. economy to 7%, citing a stronger-than-expected rebound from the pandemic-driven downturn. This expectation should drive the performance of companies that dominate their respective industries. Investors’ interest in large-cap stocks is evident in the SPDR S&P 500 ETF Trust’s (SPY) 16.5% returns year-to-date.
We believe large cap stocks Johnson& Johnson (JNJ), Agilent Technologies, Inc. (A), and Cannon Inc. (CAJ) could be solid investments now due to their fundamental strength and long-term growth prospects.
