4 Top Nasdaq-100 Stocks to Buy in December
StockNews
Published Dec 03, 2021 03:55PM ET
Updated Dec 03, 2021 04:30PM ET
4 Top Nasdaq-100 Stocks to Buy in December
The tech-heavy Nasdaq 100 trended higher this week amid the uncertainties surrounding inflation and the emergence of the omicron coronavirus variant. Furthermore, better-than-expected private payrolls, rising consumer spending, and strategic policies to deal with omicron are expected to support the stock market. So, we believe fundamentally sound Nasdaq 100 stocks Broadcom (NASDAQ:AVGO), Intel (INTC), Amgen (AMGN), and NXP (NXPI) could be ideal picks now.The tech-heavy Nasdaq 100 edged higher this week after the Federal Reserve chairman's hawkish comment to accelerate bond-buying in a bid to curtail sustained and troublesome inflation. Although investors remained wary of growing inflation and the emergence of the omicron coronavirus variant, U.S. stocks rebounded sharply yesterday.
In addition, better-than-expected private payrolls, higher consumer spending, a recent decline in weekly jobless claims, and President Biden's strategic initiatives to combat the spread of the omicron variant should bode for the stock market. Moreover, according to a Goldman Sachs (NYSE:GS) report, corporate profits should drive the stock market further next year.
Given this backdrop, fundamentally sound Nasdaq-100 stocks Broadcom Inc. (AVGO), Intel Corporation (NASDAQ:INTC), Amgen Inc . (NASDAQ:AMGN), and NXP Semiconductors N.V. (NASDAQ:NXPI) could be ideal bets now.
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