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The Federal Reserve raised its growth forecast for 2022 to 3.8% in its September projections. Solid corporate earnings should also provide some support. Analysts estimate the S&P 500 members’ earnings to grow 27.6% in the third quarter of 2021.
Given the economy’s solid growth prospects, stocks possessing solid growth attributes, stock such as Sanderson Farms, Inc. (SAFM) and MarineMax, Inc. (HZO), could be solid long-term bets.
