The stock market witnessed turbulence last year amid high inflation and rising interest rates. Although inflation has fallen considerably from its 9.1% peak in June last year, it still remains high. The Fed will likely keep raising interest rates this year, fuelling concerns of a recession this year.
During times of macroeconomic uncertainty, investors must look for stocks with strong fundamentals and solid long term growth prospects available at a cheap valuation. To that end, investors can look to buy fundamentally strong value stocks BorgWarner Inc. (BWA), Lear Corporation (LEA), and Hyster-Yale Materials Handling, Inc. (HY) that might benefit investors in the long run.
