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In addition, jobless claims are declining significantly. Weekly jobless claims have hit a pandemic-era low for two straight weeks. Furthermore, the unemployment rate had fallen 10 percentage points from its peak in April last year. The U.S labor market is gradually edging closer to its pre-pandemic level.
And the stock market has been performing well, with the S&P and the Dow Jones gaining more than 5% for the month and rallying to fresh highs last week. Given this backdrop, we believe stocks with strong growth potential, Steel Dynamics, Inc. (STLD), Exelixis, Inc. (EXEL), and Conn’s, Inc. (NASDAQ:CONN), could be ideal bets now.
