The U.S. economy is going through an astonishing recovery from the coronavirus-ridden last two years. The labor market is gradually approaching the pre-pandemic period and the product market (both manufacturing and services segments) is witnessing expansionary activities.
Higher activities in foreign trade are expected as the global economy is recovering from the pandemic. In the money market, the anticipation of a relatively hawkish Fed and a higher tax regime, after two years of a nearly 0% tax level, are unlikely to create market turbulence for a longer time.
At this stage, it will be prudent to invest in a U.S. corporate behemoth with a favorable Zacks Rank and strong potential for 2022. Five of them are Chevron Corp. (CVX Quick QuoteCVX – Free Report) , Exxon Mobil Corp. (XOM Quick QuoteXOM – Free Report) , Advanced Micro Devices Inc. (AMD Quick QuoteAMD – Free Report) , Costco Wholesale…
