After a miserable 2020, this year has certainly proved to be a ray of hope for the global economy. Normalcy is gradually returning with aggressive rollouts of COVID-19 vaccines. However, amid rising fears of inflation and uncertainty surrounding its potential to prompt the Federal Reserve to tighten its monetary policy, the odds of investment success from betting on stocks have been reduced slightly…
However, even in the face of the potential impact of economic and geopolitical issues on the stock markets in the near term, we wouldn’t hesitate to bet on ArcelorMittal (MT – Get Rating) and Canon Inc. (CAJ – Get Rating) because they appear to have opportunities ahead to deliver healthy returns.
These two companies’ business growth has driven solid momentum in their stock prices. Furthermore, they possess rock-solid financials and fundamentals, while trading at relatively lower valuations. Also, analyst sentiment is favorable for these stocks.
ArcelorMittal (MT – Get Rating)
Headquartered in Luxembourg City, Luxembourg, MT operates steel manufacturing and mining facilities in Europe, the United States, Asia, and Africa. The company sells its finished flat products, which comprise plates, hot- and cold-rolled coils and sheets, coking and thermal coal, and finished long products to the engineering, construction, energy, automotive…
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