Amid persistent market turbulence and indecisiveness regarding monetary policy, investors could look to capitalize on stocks with solid momentum. To that end, it could be wise to buy fundamentally strong stocks Vertex Pharmaceuticals Incorporated (VRTX), US Foods Holding Corp. (USFD), and Vontier Corporation (VNT) which have gained momentum recently.
Although the Fed has consistently expressed its commitment to fight inflation, officials are divided over the decision on interest rates. Federal Reserve Bank of Boston President Susan Collins said that the central bank might be at a point where it could pause interest rate hikes due to “promising signs” that inflation is moderating.
