Although the economy is under inflationary pressure, a recent decline in weekly jobless claims, better-than-expected private payrolls in November, and President Biden’s strategic initiatives to contain the spread of the omicron variant should keep the market’s momentum going. The surge in U.S. consumer spending over the holiday season could further strengthen investor confidence, and stocks may finish the year on a high note.
Given this backdrop, we think it could be wise to bet on fundamentally sound Dow stocks UnitedHealth Group Incorporated (NYSE:UNH), Walmart Inc. (WMT), Amgen Inc . (NASDAQ:AMGN), and Walgreens Boots Alliance, Inc. (NASDAQ:WBA). These names possess solid growth attributes and are expected to gain in price in the coming months.