This looks like a wonderful time for investors looking for hot growth stocks with very strong outlooks. I believe that the market is really starting to internalize the concept that Fed Chairman Jerome Powell is anything but super-hawkish on interest rates and that the economy is well-positioned for a “soft landing.” There are two main reasons for my optimism. First, in the last month, the stock market in general and growth stocks, in particular, have performed very well. Secondly bullish statements made earlier this month by the very successful, veteran investor Ed Yardeni make me think hot growth stocks are about to get a lot more attractive. On Aug. 1, Yardeni noted that there have been multiple signs that inflation is easing. And he added that the central bank may already have raised rates to a neutral level. Consequently, the Fed could hike rates one more time in September before taking its foot off the brake, causing the economy to have a soft landing, Yardeni said. It appears that many large investors are realizing that this scenario is likely and that, as a result, growth stocks are starting to take off.
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Senate Democrats are working hard to pass a new budget before Congress’ nearly month-long recess which begins on Aug. 6. The senators have made significant progress on the legislation. Since the budget will probably include provisions to spur greater adoption of clean energy and electric vehicles (EVs) , the best stocks to buy that could surge as an outcome of this legislation are names within those two sectors. According to The Hill , the Supreme Court’s recent ruling curbing the ability of government agencies to fight climate change has increased the pressure on Senate Democrats to pass a budget deal that promotes the use of clean energy and EVs. Meanwhile, the senators have reportedly reached a deal on reforms that will lower prescription drug costs, increasing the chances that some sort of budget will pass. Given the fact that many of the Democrats’ most ardent supporters are very concerned about climate change, any such legislation will probably include new tax breaks for clean-energy producers. 7 Best Long-Term Dividend Stocks to Buy Right Now To take part in this likely development, here are seven good stocks to buy: Ticker Company Price SPWR SunPower Corporation $16.51 JKS JinkoSolar Holding Co., Lyd. $64.18 TAN Invesco Solar ETF $71.87 LIT Global X Lithium & Battery Tech ETF $71.68 PLUG Plug Power Inc. $16.52 DAR Darling Ingredients Inc. $59.53 GM General Motors Company $32.78 Stocks to Buy: SunPower (SPWR) Source: via SunPower This company sells solar panels and electricity-storage solutions to consumers.
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