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2 Top Stocks Poised for Bull Runs in 2023

TheMotleyFool

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2 Top Stocks Poised for Bull Runs in 2023: https://g.foolcdn.com/editorial/images/712821/2023-on-wooden-block-with-white-background-money.jpg

The stock market looks set to end 2022 on a positive note following a rough year thanks to positive data on the inflation front that could encourage the Federal Reserve to reduce the pace of rate hikes.

What's more, U.S. Treasury Secretary Janet Yellen sees inflation cooling substantially by the end of 2023. As such, it wouldn't be surprising to see the S&P 500 sustain its momentum into the new year. The index has gained 11% since the beginning of October, and it could head higher in 2023 if inflation falls and the Fed dials down rate hikes.

Such a scenario could present an ideal situation for shares of Apple (NASDAQ: AAPL) and Ciena (NYSE: CIEN) to go on bull runs. Let's look at the reasons why.

Source Fool.com

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