Although the Fed had indicated higher-than-expected rate hikes this year, the spectacular collapse of the Silicon Valley Bank last week might compel the Fed to scale back interest rate hikes. Amid this backdrop, I believe it could be wise to buy fundamentally strong penny stocks Ambev S.A. (ABEV), Nokia Oyj (NOK), Travelzoo (TZOO), and Data Storage Corporation (DTST).
Before discussing what makes these stocks wise investments, let’s find out what impacts investor sentiment.
