The Fed’s recent hawkish comments and the strong economic data releases have increased the likelihood of more interest rate hikes this year. Potential rate hikes could induce immense volatility in the stock market. Amid this, the focus of this article is to throw some light on fundamentally sound stocks Visa Inc. (V), Lockheed Martin Corporation (LMT), and Unit Corporation (UNTC) that could be reliable investments.
In February, nonfarm payrolls witnessed a significant increase of 311,000, exceeding the Dow Jones estimate of 225,000. The jobs report indicates that the employment market is still running hot. Recent economic data showing a robust labor market and strong retail sales could prompt the Federal Reserve to raise interest rates further.
