Recessionary concerns have surged amid the Fed’s hawkish statements, crushing investor sentiments. With the likelihood soaring of an impending downturn, we look into some quality stocks for the long term, Pfizer Inc. (PFE), The Hershey Company (HSY), and Bluegreen Vacations Holding Corporation (BVH). These stocks could be ideal buy and hold options for the next decade.
A higher-than-anticipated job report, contributing to the upward pressure on wages and prices and robust consumer spending despite sky-high inflation, has raised the odds of progressive rate hikes.
