Fed Chair Powell’s hawkish statements had raised the odds of a 50-basis-point interest rate hike in the upcoming FOMC meeting. However, since the surprise collapse of lender Silicon Valley Bank rattled the entire financial system, the chances of a 0.25% rate hike stand high.
Therefore, let us look at some cheap growth stocks, NextGen Healthcare, Inc. (NXGN) and Tarena International, Inc. (TEDU), which might be wise portfolio additions for the reasons mentioned in the article.
