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Despite several headwinds, including the resurgence of the COVID-19 cases, the proposed large-scale investments and fiscal stimulus are expected to drive investor optimism. Consequently, growth stocks, which tend to perform well during an economic boom, are expected to gain handsomely.
Given the potentially robust government spending and positive investor sentiment, we think stocks with promising growth prospects, ON Semiconductor Corporation (ON), Dillard’s, Inc. (DDS), and Cohu, Inc. (COHU), should gain substantially.
