The possibility of the Federal Reserve returning to raise interest rates aggressively has significantly dampened investor sentiment lately. Amid the uncertain macroeconomic environment, the best approach is to bet on quality financials. I think the fundamental strength of Walmart Inc. (WMT), United Microelectronics Corporation (UMC), and Overseas Shipholding Group, Inc. (OSG) makes their shares safe investments now.
Before evaluating these stocks, let’s discuss what might keep the market under pressure in the near term.
