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In addition, better-than-expected private payrolls, higher consumer spending, a recent decline in weekly jobless claims, and President Biden’s strategic initiatives to combat the spread of the omicron variant should bode for the stock market. Moreover, according to a Goldman Sachs (NYSE:GS) report, corporate profits should drive the stock market further next year.
Given this backdrop, fundamentally sound Nasdaq-100 stocks Broadcom Inc. (AVGO), Intel Corporation (NASDAQ:INTC), Amgen Inc . (NASDAQ:AMGN), and NXP Semiconductors N.V. (NASDAQ:NXPI) could be ideal bets now.
