While two interest rate hikes are expected in early 2023, interest rates continue to be held near zero for now. So, the availability of cheap money should keep driving the growth of several companies. Furthermore, there has been a substantial decline in the unemployment rate, and the Conference Board expects the U.S. real GDP growth to rise to 7% in the third quarter.
So, we think it could be wise to bet on red-hot stocks POSCO (PKX) and GeoPark Limited (GPRK) that have solid growth prospects. In addition, our proprietary POWR Ratings system has rated these stocks A for Growth along with an overall Strong Buy or Buy rating.