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.