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Solid corporate earnings reports have eased investors’ worries about inflation and a possible decline in Federal Reserve’s bond-buying. “There are no signs of widespread erosions of margins at the moment,” said Jim Reid, head of thematic research at Deutsche Bank (DE:DBKGn). Moreover, Jobless claims declined to a new pandemic low of 290,000 for the week ended October 16.
Given the bullish trends, we think quality stocks, Banco Santander, S.A. (SAN) and VEON Ltd. (VEON), which are trading under $5, could be solid bets now.
