Although inflation came below analyst estimates last month, the Federal Reserve will likely announce a 25-basis point interest rate increase at the next FOMC meeting. Interest rate increases are beneficial for the financial sector as it helps them raise their profit margins.
Amid macroeconomic uncertainties, investors must assess securities' Stability, Quality, and Sentiment aspects before investing in them. As Moody's Corporation (MCO), FLEETCOR Technologies, Inc. (FLT), and EVERTEC, Inc. (EVTC) scores high on these aspects and are rated Buy in our proprietary POWR Ratings system, it could be wise to buy these stocks now.
