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StockNews.com
StockNews.com
Business
Riddhima Chakraborty

2 Under-The-Radar Momentum Stocks You Can Buy Now and Hold Forever

CLS UNTC Unit Corporation Recession US Federal Reserve Celestica Inc Oil

The Fed is expected to increase rates further in the upcoming months to achieve its target inflation level. However, according to John R. Mowrey, a chief investment officer of NFJ Investment Group, "78% of the time, when the Fed is hiking, stocks are rising."

Therefore, investors could consider buying momentum stocks Celestica Inc. (CLS) and Unit Corporation (UNTC), which are worth holding for the long term.

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