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Inflation climbed to a record high 6.2% in October, its highest level since December 1990. In its efforts to prevent inflation from spiraling out of control, the Fed is expected to cut its asset purchases and begin increasing interest rates. However, despite the market’s volatility, Goldman Sachs Group , Inc. (NYSE:GS) expects the S&P 500 to hit 5,100 by the end of 2022. In addition, JPMorgan Chase & Co.’s (NYSE:JPM) S&P 500 forecast for 2022 is among the most bullish on Wall Street.
Tredegar Corporation (TG), Educational Development Corporation (EDUC), and Core Molding Technologies, Inc. (CMT) are three stocks that have declined significantly in price on a year-over-date basis. However, based on their solid fundamentals, we think they could gain considerably in the near term.
