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In October, inflation hit a record high of 6.2%, its highest level since December 1990. So, to keep inflation from spiraling out of control, the Fed plans to tighten its monetary policy. Nevertheless, Goldman Sachs Group , Inc. (NYSE:GS) expects the S&P 500 to hit 5,100 by the end of 2022.
The shares of Teladoc Health Inc. (TDOC) and Peloton Interactive Inc . (PTON) have suffered significant price declines recently. However, given their strong fundamentals and solid growth attributes, Wall Street analysts expect these stocks to gain substantially in the next 12 months. So, we think they could be great additions to one’s watchlist.
