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Another factor driving market sentiment is that President Biden’s trillion-dollar infrastructure spending plan may finally be passed in the near term. Many high-profile House progressives are willing to vote on the infrastructure bill in exchange for President Biden’s assurance on the passage of a multi-trillion-dollar reconciliation package next.
Since the market’s uptrend has driven several stocks to high price levels lately, fundamentally sound stocks Grupo Bimbo, S.A.B. de C.V. (GRBMF), Yiren Digital Ltd. (Y.R.D.), Jiayin Group Inc . (JFIN), and A.R.C. Document Solutions, Inc. (A.R.C.), which are currently trading at less than $5, could be ideal bets now. Each of these stocks is rated Strong Buy in our proprietary POWR Ratings system.
