The stock markets are high on optimism again. Investors have an increasingly bullish outlook on the market while anticipating that the Federal Reserve may have ended its interest rate hikes. There have also been very positive Q3 corporate earnings from companies like Qualcomm, Starbucks, and Teleflex, which have helped boost the optimism. The positive outlook is further supported by a very positive U.S. nonfarm payroll productivity and positive developments in inflation.
This optimism propelled some stocks and pushed the market higher. Our 14-day RSI shows a lot of companies crossing the 50-point line and moving into bullish territory. Again, this is still not a buy signal, but it makes the case that these companies may be worth a look. Here are three top stocks with potential based on yesterday's bullish move.
