4 Stocks That are Bucking the Market’s Downtrend By StockNews

© Reuters. 4 Stocks That are Bucking the Market’s Downtrend

Amid the broader market slump caused by concerns about the spread of the COVID-19 Delta variant and rising inflation, shares of PepsiCo (NASDAQ:), Novo Nordisk (NYSE:), Humana (HUM), and Nokia (NYSE:) have been rallying thanks to investors’ optimism over their solid growth prospects. So, we think it could be wise to bet on them now. Read on for a closer evaluation of these names.After a solid run amid the economic recovery, the broader market has pulled back due to the spread of the hyper-contagious Delta variant of the COVID-19 virus and investors’ concerns over high inflation. The consumer price index increased an annualized 5.4% in June, representing its largest jump since August 2008.

The three major benchmark indexes ended last week with losses. While concerns about high inflation and declining consumer sentiment might maintain pressure on the market in the near term, a few stocks with strong fundamentals should keep rallying.

Shares of PepsiCo, Inc. (PEP), Novo Nordisk A/S (NVO), Humana Inc . (NYSE:), and Nokia Corporation (NOK) have been rallying amid the broader market slump on their solid financials and consistent product and service innovations. So, we think it could be wise to bet on them now.

Continue reading on StockNews

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.

Most Related Links :
Business News Governmental News Finance News

Need Your Help Today. Your $1 can change life.

[charitable_donation_form campaign_id=57167]

Source link

Back to top button