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Despite the lingering concerns related to the economic recovery, the S&P 500 ended the last week 1.8% higher, registering its best week since July. A solid start to the third-quarter earnings season made investors bullish. In addition, retail sales increased 0.7% from August versus analysts’ expectation of a decline.
Against this backdrop, we think betting on fundamentally strong stocks América Móvil, S.A.B. de C.V. (AMX), ArcelorMittal (MT), and Ternium S.A. (TX) could be rewarding. These stocks are rated ‘Strong Buy’ in our proprietary rating system.
