The explosion of banking stress has reshaped the entire U.S. interest rate map, wiping expectations of further Federal Reserve rate hikes off the table and sending U.S. Treasury bond volatility to its highest since 2009. However, a still-tight labor market continues to stroke fears and might compel the Fed to continue with interest rate hikes.
Therefore, we think investing in fundamentally strong stocks Bristol-Myers Squibb Company (BMY), General Motors Company (GM), McKesson Corporation (MCK), Cardinal Health, Inc. (CAH), and American Vanguard Corporation (AVD) could be beneficial. Let’s take a closer look at why you should add these stocks to your watchlist.
