Investors who held on to their stocks through the lows of the lockdown and did not panic can expect record gains. Amazon, Facebook and Apple were driving this recovery, partly due to consumer spending habits during COVID-19. According to management consultancy McKinsey, more than 50% of US consumers will spend extra money to treat themselves as lockdown eases. An average person can expect to see at least 14 bear markets during 50 years, and with every bear market, a bullish trend follows. There is even some evidence to suggest that a tech bubble is dominating the stock market.
Here is Insider Monkey’s list of 10 best rebound stocks to buy now. The construction-related products that Caterpillar Inc. makes include asphalt pavers, compactors, cold planers, pipelayers, road reclaimers, telehandlers, and utility vehicles. Earlier this month, financial advisory firm Evercore maintained an Outperform rating on CAT stock, citing a mid-year hike in prices of company products. Restaurant Brands International Inc. offers coffee, tea, espresso-based hot and cold drinks, donuts, cookies, and pastries, among others. The firm is expected to bounce back from the pandemic economy as dine-in restaurants open worldwide with the rollout of the coronavirus vaccine. Boeing operates globally and provides leasing and support services for products as well. Chevron Corporation is a California-based energy company. The company is also looking to expand in the alternative energy sector. Genuine Parts Co. is a Georgia-based firm that distributes automotive and industrial replacement parts. However, financial advisory firm Evercore has cautioned investors that GPC might be negatively affected by a proposed hike in the minimum wage by the US government. Details are in The 10 Best Rebound Stocks to Buy Now.
