A sharp slowdown in US bank lending after the failure of the major banks, coupled with the probability of another rate hike and sticky inflation, has created recessionary fears. However, I think quality growth stocks Ziff Davis, Inc. (ZD), Xerox Holdings Corporation (XRX), and Yext, Inc. (YEXT) might be solid buys.
The Fed has spent the past 15 months locked in an aggressive war against inflation, raising interest rates above 5% in an attempt to get price increases back down to a more normal pace.
