Since inflation remains comparatively higher and rate hikes seem far from over, anxieties have been soaring over an impending recession. Amid such volatilities, let us probe into cheap stocks Albertsons Companies, Inc. (ACI), Overseas Shipholding Group, Inc. (OSG), and Rave Restaurant Group, Inc. (RAVE), which could be solid additions to one’s portfolio.
Robust consumer spending amid high prices and a tight labor market has created significant pressure on the stock market. This was further aggravated by the Fed’s hawkish comments about potential rate hikes since inflation remains far above the Fed’s target range of 2%. Such persistent rate hikes could tip the economy into a recession.
