The major stock market indexes rebounded last week despite high inflation concerns and anticipation that the Fed will taper its asset purchasing activities sooner than expected. As the economy gradually recovers, we think it could be wise to add the following quality large-cap stocks to one’s portfolio: Intuit (INTU), Starbucks (SBUX), The TJX Companies (NYSE:TJX), and Align Technology (NASDAQ:ALGN).These names are each expected to generate significant returns in the coming months. Let’s discuss.The major stock market indexes ended in the green last week despite COVID-19 omicron-related fears and high inflation concerns. According to the Bureau of Labor Statistics data, consumer price inflation rose by 6.8% in November 2021. Investors also expect a sooner than expected interest rate rise by the Fed in the near term. However, U.S. jobless claims recently declined to a 52-year low.
JPMorgan Chase & Co. (NYSE:JPM) provided a positive outlook for 2022. JPM Global Research Leader Marko Kolanovic said, “Our view is that 2022 will be the year of a full global recovery, an end of the pandemic, and a return to normal economic and market conditions we had prior to the COVID-19 outbreak.” And according to a Factset report, a record-high net profit margin is expected in 2022. Amid this backdrop, investors’ interest in the growth stocks has been growing, as is evident in the SPDR Portfolio S&P 500 Growth ETF’s (SPYG) 3.2% returns over the past month compared to the SPDR S&P 500 Trust ETF’s (SPY) 1.5% gains over the same period.
So, we think it could be wise to bet on fundamentally sound large-cap stocks Intuit Inc. (NASDAQ:INTU), Starbucks Corporation (NASDAQ:SBUX), The TJX Companies, Inc. (TJX), and Align Technology, Inc. (ALGN), given their solid growth attributes.