Wall Street successfully defeated the pandemic with astonishing performances in 2020 and 2021. Despite this achievement, a section of market participants is concerned about 2022 due to soaring inflation, the possibility of the Fed hiking interest rate and the resurgence of various coronavirus variants. Stretched valuation of U.S. stocks is another headwind.
Nevertheless, we have identified three reasons that may help to continue Wall Street’s rally in 2022. Consequently, it will be prudent to invest in U.S. corporate giants with a favorable Zacks Rank to tap the market rally. Here are five of them — The Home Depot Inc. HD, Emerson Electric Co. EMR, salesforce.com inc. CRM, Lowe’s Companies Inc. LOW, and Marvell Technology Inc. MRVL.
Omicron Likely to Bring the End of Pandemic
Global financial markets have been suffering from severe volatility since Black Friday of…