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Furthermore, the decline in weekly jobless claims to 267,000, an increase in discretionary spending, and the passage of a jumbo infrastructure bill by the U.S. House of Representatives last week have raised investors’ confidence. Therefore, we think it could be wise to bet on fundamentally sound growth stocks now. Investors’ interest in growth stocks is evidenced by the SPDR Portfolio S&P 500 Growth ETF’s (SPYG) 33.7% gains over the past year.
Given this backdrop, Sysco Corporation (NYSE:SYY), Robert Half International Inc. (NYSE:RHI), and RCI Hospitality Holdings, Inc. (RICK), which possess solid growth attributes, could be ideal bets now. Analysts expect their earnings could increase significantly in the current quarter and over the next few years.
