The February job report further aggravated investors’ anxieties, which showed overly hot hiring of 311,000 jobs. This raised the chances of a 50-basis-point interest rate hike by the Fed. Given the market volatilities, let us explore value stocks Honda Motor Co., Ltd. (HMC) and NetScout Systems, Inc. (NTCT), which might be solid buys for the reasons mentioned throughout the article.
Fed Chair Jerome Powell’s testimony last week, followed by yet another higher-than-anticipated job report, has raised the odds of a higher rate hike by the Fed. This was exacerbated further by the jitters in the U.S. banking space. The Dow Jones index fell by 345 points or 1.1% on Friday, the S&P 500 dropped 1.5%, and the Nasdaq Composite declined by 1.8%.
