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However, most European countries are now re-imposing travel restrictions in the wake of a resurgence of COVID-19 cases. This raises concerns regarding the global economy’s recovery. However, the White House has been clear that it has no plans to shut down the economy because 82% of the U.S. population is vaccinated. This, coupled with the recently passed landmark infrastructure bill, should allow the U.S. economy to expand steadily in the coming months.
The conducive macroeconomic backdrop should allow growth stocks to generate momentum in the coming months. Thus, we think fundamentally-sound growth stocks TotalEnergies SE (TTE), Nucor Corporation (NUE), Ulta Beauty, Inc. (ULTA), and Steel Dynamics, Inc. (STLD) could be profitable bets now.
