Tuesday, October 19, 2021

Investing $1,500 in These 3 Stocks Would Be a Smart Move

Must read

Stock Markets47 minutes ago (Sep 27, 2021 01:30PM ET)

(C) Reuters. Investing $1,500 in These 3 Stocks Would Be a Smart Move

Because concerns related to the potential collapse of China’s real estate developer Evergrande Group appear to be fading on the hope that China will not allow the complete failure of the key company, the major stock market indices rebounded after a turbulent week. This, along with positive investor sentiment surrounding continued monetary policy support, should keep the market upbeat in the near term. So, we think it could be worth betting on market-beating stocks TransGlobe Energy (TGA), Educational Development (EDUC), and Friedman Industries (FRD) because of their solid fundamentals. Read on.The Dow Jones Industrial Average and S&P 500 futures inched slightly higher today as investors remain optimistic about the continued economic recovery as COVID-19 cases decline in the United States. Moreover, the Federal Reserve’s recent indication of no immediate removal of monetary stimulus has boosted investors’ confidence.

Also, as investors bet that the Chinese authorities will not allow real estate developer Evergrande Group to fail, the major indices are expected to remain upbeat in the near term.

Given this backdrop, if one has $1,500 in disposable cash we think one should consider investing in TransGlobe Energy Corporation (TGA), Educational Development Corporation (EDUC), and Friedman Industries, Incorporated (FRD). These stocks possess robust growth attributes and are expected to continue gaining.

Continue reading on StockNews

Investing $1,500 in These 3 Stocks Would Be a Smart Move

Disclaimer: Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. All CFDs (stocks, indexes, futures) and Forex prices are not provided by exchanges but rather by market makers, and so prices may not be accurate and may differ from the actual market price, meaning prices are indicative and not appropriate for trading purposes. Therefore Fusion Media doesn`t bear any responsibility for any trading losses you might incur as a result of using this data.

Fusion Media or anyone involved with Fusion Media will not accept any liability for loss or damage as a result of reliance on the information including data, quotes, charts and buy/sell signals contained within this website. Please be fully informed regarding the risks and costs associated with trading the financial markets, it is one of the riskiest investment forms possible.

Latest article

Subscribe to our newsletter

To be updated with all the latest news, offers and special announcements.