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The Labor Department reported yesterday that weekly jobless claims decreased to 267,000. After slow growth in the third quarter, the U.S. economy is expected to achieve strong growth in the fourth quarter. In addition, more economic growth is expected next year, fueled by the continued expansion in consumer and government spending, which have raised investors’ confidence.
Given this backdrop, if one has $3,000 in disposable cash, we think one should consider investing in the fundamentally strong growth stocks of ArcelorMittal (MT), US Foods Holding Corp . (NYSE:USFD), and Sanderson Farms Inc. (SAFM) because their earnings could more than double over the next few years.
