Amazon, Six Flags, Square: Here Are The Stocks Ready To Rise Thanks To New Stimulus Checks

Amazon, Six Flags, Square: Here Are The Stocks Ready To Rise Thanks To New Stimulus Checks

Share to Linkedin President Biden's recently passed $1. 9 trillion stimulus bill - which includes a direct payment of $1, 400 and a $300 weekly hike in unemployment payments “” will likely lead to increased consumer and retail spending, thereby benefitting various stocks as the threat of the Covid pandemic eases and businesses reopen partly due to the rapid vaccine rollout. WASHINGTON, DC - MARCH 12: U. S. President Joe Biden speaks during an event on the American Rescue ... [+] Plan in the Rose Garden of the White House on March 12, 2021 in Washington, DC. President Biden signed the $1. 9 trillion American Rescue Plan Act into law that will send aid to millions of Americans struggling from the COVID-19 pandemic. (Photo by Alex Wong/Getty Images) Mark Haefele, chief investment officer at UBS Global Wealth Management, which has about $3 trillion in assets under management, says he thinks in the wake of the new stimulus package "the rotation out of tech and growth stocks into cyclical areas of the market has further to run" and he recommends that investors "tilt their stock exposure to sectors that are likely to benefit from higher growth and a steeper yield curve,