Although March’s CPI data signaled a continuing deceleration in inflation, it is still above the Federal Reserve’s target of 2%. Despite the fears of a recession later this year, investors could consider buying and holding fundamentally strong stocks American Axle & Manufacturing Holdings, Inc. (AXL) and CompX International Inc. (CIX).
Before diving deeper into the fundamentals of these stocks, let’s discuss why the stock market could remain under pressure.
