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However, according to the Labor Department, the consumer price index (CPI) in August increased 5.3% from a year earlier and 0.3% from July, less than expected, signaling that inflation may be starting to cool. Furthermore, surprisingly, retail sales rose 0.7% in August despite fears related to the resurgence of the COVID-19 cases.
Against this backdrop, we think it could be wise to bet on quality mid-cap stocks Boyd Gaming Corporation (BYD), Signet Jewelers Limited (SIG), Dillard’s, Inc. (DDS), and Atkore Inc. (ATKR). These stocks are rated ‘Strong Buy’ in our POWR Ratings system. In addition, they possess a solid combination of growth and value attributes.
