3 Strong Buy Stocks You Don’t Want to Miss out on in 2023

The Federal Reserve has been aggressively increasing the interest rates to curb the multi-decade high inflation. It has indicated continuing the hikes at a slower pace until inflation falls below 2%. Moreover, Morgan Stanley expects monetary policy to remain the primary driver of asset prices.

With investors sitting on much uncertainty, the Fed’s persistence has increased the risks of a U.S. recession. Furthermore, the International Monetary Fund (IMF) expects economic growth to be 2.7% in 2023. In addition, Kristalina Georgieva, IMF chief, warned that one-third of the world economy would likely be in recession in 2023.

However, on the bright side, with a rapidly cooling inflation, the December jobs report shows decelerating wage growth. This has boosted investor confidence, signaling that the Fed’s rate hikes have their intended effect, which might lead to an easing rate-hiking campaign.

Given this backdrop, it would be wise to add quality stocks Bristol-Myers Squibb Company (BMY), Cardinal Health, Inc. (CAH), and KT Corporation (KT), rated A (Strong Buy) in our proprietary POWR Ratings system, to garner significant returns.

Bristol-Myers Squibb Company (BMY)

BMY discovers, develops, manufactures, and markets biopharmaceutical products globally. The company offers solutions for hematology, oncology, cardiovascular, immunology, fibrotic, neuroscience, and Covid-19 diseases.

On January 3, 2023, BMY announced that it had completed the sale of…

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