3 Growth Stocks to Buy in June

In light of the current market volatility resulting from the increased chances of continued interest rate hikes and concerns about a looming recession, investing in shares of companies with solid growth prospects could be wise for ensuring solid returns in the long run.

To that end, Eaton Corporation plc (ETN – Get Rating), F5, Inc. (FFIV – Get Rating), and Extreme Networks, Inc. (EXTR – Get Rating), which exhibit strong growth prospects, could be great additions to your portfolio this month.

Before delving deeper into the fundamentals of these stocks to understand what could help them deliver solid returns in the long run, let’s see what’s keeping the market volatile.

While inflation eased for 10 consecutive months to remain below 5% in April, it still remains way above the level the Fed would like. The Fed’s preferred inflation gauge, the Personal Consumption Expenditures (PCE) price index, heated up 4.4% year-over-year April, underscoring Fed Chair Jerome Powell’s warnings that reining in price hikes “is likely to be bumpy.”

Given the sticky inflation and the improvement in consumer confidence, the Fed may not be pausing its monetary policy tightening in its next meeting. This, along with the tight lending standards following the banking crisis, could push the economy into a recession later this year.

Let’s evaluate the fundamentals of the featured stocks…

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