The entire stock market is gearing up for a major breakout as investors are becoming convinced that the banking sector has stabilized and that the Federal Reserve is, at the very least, almost done hiking interest rates. Many investors are starting to focus on the economy’s strong fundamentals instead of quaking in fear about interest rate hikes. In this environment, there are many potential breakout stocks.
The Street gets enamored with certain sectors for several months, and the names within those spaces perform very well during those periods. Therefore, in this article, I will focus on stocks that have not yet broken out to a great extent, even though they are in sectors that are being embraced by “the big money.”
Here are seven potential breakout stocks for investors and traders to consider.
This post originally appeared at InvestorPlace.