The new year is finally upon us, and I am expecting great things in 2014.
For one, fourth-quarter earnings should be strong for our “best of the best” stocks as companies begin reporting during the next six weeks or so.
Meanwhile, consumer spending has been pretty strong this holiday season, even if online continues to take business away for brick-and-mortar retailers. The jobs situation is improving somewhat, as seen by Thursday’s report showing lowered jobless claims again. U.S. manufacturing activity was strong in December, and the recent Case-Shiller report shows a continued rebound in housing.
All of this should add up to a strong economic backdrop that can lead to higher stock prices in 2014.
However, as I have pointed out previously, the big money is becoming more selective, and investors need to focus on stocks with the very best fundamentals to prosper in 2014.
Here are three under-the-radar “best of the best” stocks to buy that get a “Triple-A” from Portfolio Grader and should power your portfolio in 2014.