Amid recent banking collapses and the Fed’s hawkish stance to tame inflation, the market volatilities could remain embedded for a while. Against this backdrop, let us see some inexpensive stocks, Nokia Oyj (NOK), Rimini Street, Inc. (RMNI), Rave Restaurant Group, Inc. (RAVE), and Data Storage Corporation (DTST), which could be wise picks this week, for the reasons mentioned in the article.
Recently, the Federal Reserve has raised the interest rate by 25 basis points, which brought the benchmark funds rate to a range of 4.75% to 5%. The ninth consecutive rate hike and the banking crisis have further tightened the financial conditions.
