Risks associated with an economic slowdown, high inflation, and credit crunch woes have dampened the growth prospects. Amid this, we look into fundamentally sound stocks, Oracle Corporation (ORCL), Vertex Pharmaceuticals Incorporated (VRTX), and Humana Inc. (HUM), that could help one beat the market downturn.
A still-elevated inflation data, with the Consumer Price Index (CPI) rising 6% year-over-year in February, highlights that we are not yet out of the woods and that inflation remains a formidable foe. Following this, the Federal Reserve increased its benchmark interest rates by 25 basis points, expressing caution about the recent banking crisis.
