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Although major indexes rebounded earlier this week, these factors could keep the markets under pressure in the near term. However, the U.S. Labor Department announced today that jobless claims for last week were the lowest since 1969. This, combined with falling energy prices and efforts to ease supply chain bottlenecks, should enable the markets to recover.
As a result, it is wise to bet on fundamentally-sound stocks Wipro Limited (WIT), ICL Group Ltd (ICL), Information Services Group, Inc. (NASDAQ:III), and Radiant Logistics, Inc. (RLGT), that are each currently trading below $10. These companies have the potential to cash in on their industry tailwinds in the near term.
