The Federal Reserve’s interest rate hikes have helped bring a noticeable drop in consumer prices. Annual inflation dropped for the ninth consecutive month in March. However, the risks of a recession this year loom amid tighter lending standards and the high-interest rates.
Amid the macroeconomic uncertainty and market turbulence, it could be wise to invest in fundamentally strong stocks Centrica plc (CPYYY), Graham Corporation (GHM), and Heritage Insurance Holdings, Inc. (HRTG) to capitalize on their strong momentum. These stocks are also ‘Buy’ rated in our proprietary rating system, POWR Ratings.
