After beginning the year strongly, investor sentiments have taken a hit on renewed recession fears, leading to a 2.7% year-to-date decline for the Dow Jones Industrial Average (DJIA). However, this has created opportunities to enter fundamentally strong Dow stocks like Verizon Communications Inc. (VZ), Amgen Inc. (AMGN), and International Business Machines Corporation (IBM) at reasonable prices.
Before explaining why I am bullish on these stocks, let’s discuss why investors’ sentiment has taken a hit and what factors could keep the stock market under pressure this year.
