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According to the Labor Department, the consumer price index (CPI) in August increased 5.3% from a year earlier and 0.3% from July, which was lower than expected, signaling that inflation may be starting to cool. Furthermore, the economy has seen a substantial decline in the unemployment rate recently.
Against this backdrop, we think it could be wise to bet on quality stocks ZIM Integrated Shipping Services Ltd. (ZIM), Teradata Corporation (NYSE:TDC), and Dillard’s, Inc. (DDS). These stocks are rated Strong Buy in our proprietary POWR Ratings system. They have gained more than 100% in price this year and still have plenty of upside to deliver.
