3 Stocks That Will Be Big Winners in 2023

Favorable macro data on receding inflationary pressure and stable economic growth resulted in the Federal Reserve slowing down its rate hikes to 0.25 percentage points. The already-raised investor optimism was rekindled further by this move.

On the other hand, Federal Reserve Chairman Jerome Powell’s hawkish comments suggested rate hikes would continue until the committee is convinced that inflation is heading towards the 2% target.

Experts believe such persistent rate hikes could tip the economy into recession. On the bright side, some experts think since the economy performed better than anticipated, this could steer it away from the recession track.

However, some strategists like Mike Bell of JPMorgan believe that the stock markets could be in trouble without a recession. He believes that if the Fed fails to rein in interest rates like investors hope, it could have a more far-reaching impact.

Amid such uncertainties, fundamentally strong stocks UnitedHealth Group Incorporated (UNH), PepsiCo, Inc. (PEP), and…

Continue reading at STOCKNEWS.com


You May Also Like

About the Author: admin