4 Buy-Rated S&P 500 Stocks to Scoop Up on the Dip By StockNews – Investing.com

4 Buy-Rated S&P 500 Stocks to Scoop Up on the Dip By StockNews – Investing.com

© Reuters. 4 Buy-Rated S&P 500 Stocks to Scoop Up on the Dip

Even though the fears surrounding the COVID-19 omicron variant are expected to keep the stock market under pressure, experts believe S&P 500 stocks will rebound soon. Therefore, we think it could be wise to bet on quality S&P 500 stocks Vertex Pharmaceuticals (NASDAQ:), Agilent Technologies (NYSE:), HP (HPQ), and McKesson (MCK). They are each currently trading below their 52-week highs but are rated Strong Buy or Buy in our proprietary POWR Ratings system. Let’s discuss.The S&P 500 index has suffered extreme volatility amid the resurgence of COVID-19 cases and the emergence of the omicron variant. On December 1, the United States identified its first known COVID-19 case caused by the omicron variant. This has raised investor fears about the economic recovery. But according to JPMorgan (NYSE:) analysts, the rise in the S&P 500 will not be hampered because of the omicron variant despite the recent stock market pullback.

In addition, a positive analysis by a team of strategists at Goldman Sachs (NYSE:) claims that "Omicron is slightly more transmissible but causes much less severe disease," as reported from the initial case findings in South Africa. Most experts seem to