The stock market has witnessed wild swings since last year due to the high inflation and the Fed’s monetary tightening. With volatility not likely to diminish anytime soon, investors can check out momentum stocks, Jabil Inc. (JBL), Overseas Shipholding Group, Inc. (OSG), and Adams Resources & Energy, Inc. (AE), which might witness steady gains in 2023 driven by their fundamentals.
A fresh bout of anxieties had set in owing to Fed’s hawkish statements. Recently, San Francisco Fed President Mary Daly commented, “In order to put this episode of high inflation behind us, further policy tightening, maintained for a longer time, will likely be necessary.”
