
Robust job data, strong consumer spending, and other favorable economic figures indicate that the economy is showing resilience. However, after robust economic data and stubbornly high inflation, the central bank will likely deliver its 11th straight rate increase in June.
Amid this backdrop, it could be wise to buy shares of Astellas Pharma Inc. (ALPMY), Alkermes plc (ALKS), and AstroNova, Inc. (ALOT) with fundamental strength and bright growth prospects trading at discounted valuations. Let us discuss this in detail.