The current economic situation remains unchanged: consumer spending continues to be strong in the US and analysts predict that it will remain resilient for the near future. This is a promising sign for investors, as consumer spending comprises the largest portion of the US economy. As a result, it is important for investors to consider how they can capitalize on this dynamic and position their portfolios in order to gain the most benefit.
Considering this, here are 3 stocks that investors should be keeping a close eye on.
Amazon (AMZN) is renowned for its e-commerce platform, and one of the most attractive aspects of its stock is its innovative approach to the retail industry. The company has experienced unprecedented growth and is now worth around $1.7 trillion. With its data science and technological capabilities, Amazon is continuing to disrupt the retail industry, and the stock has been on a surge as of late.
Another stock worth watching out for is Microsoft (MSFT). The company is the second biggest publicly traded firm in the world and is a leader in the tech industry. Microsoft’s investments in applications, cloud computing, artificial intelligence, and machine learning place them amongst the tech giants. Through innovation and heavy investments, Microsoft is able to provide a strong level of protection for its stock.
The final stock to examine is Boeing (BA). Although the company has struggled financially in recent years, it is an omen that Boeing’s stocks saw an uptick in the stock market when the Biden Administration announced the Federal government’s plan to re-engage international alliances and rebuild foreign relationships. With Boeing being the largest defense contractor in the US, the outlook of the stocks in the near term looks promising.
As consumer spending remains strong, investors should consider actively watching out for these 3 stocks. Even though the economic situation remains unstable, the strong history of these companies, alongside the promising news on the relations of the US governments and foreign countries, should set these stocks up for strong performances in the near future.
