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CFRA chief investment strategist Sam Stovall believes that while October had previously witnessed higher volatility as compared to the averages of the other 11 months, this year, the fourth quarter is likely to record a “higher-than-average return.” Moreover, the upcoming earnings season could be a positive catalyst for the stock market, with expected earnings growth and surprises boosting investor sentiment.
Amid this environment, fundamentally strong stocks Smith & Nephew plc (SNN), DaVita Inc . (DVA), and Orthofix Medical Inc. (OFIX), which have dipped over the past month, are well-positioned to regain their momentum soon. So, these stocks could be solid bets now.
