The stock market has witnessed significant volatility of late on concerns over the Fed’s hawkish comments to tame the stubbornly high inflation and other macroeconomic uncertainties. Therefore, it could enhance the need to add stocks of financially resilient companies, Walmart Inc. (WMT) and Oracle Corporation (ORCL), to one’s portfolio. Let’s dig deeper to understand why these stocks could be big winners this year.
A string of hot economic data in recent weeks has increased the likelihood that the Federal Reserve would have to continue raising interest rates to bring prices down, stalling the early-year stock rally. Moreover, hotter-than-expected inflation and the minutes of the Fed meeting indicate that inflation is “well above” the central bank’s 2% target.
