The stock market witnessed turbulence last year amid high inflation and rising interest rates. Although inflation has fallen considerably from its 9.1% peak in June last year, it still remains high. The Fed will likely keep raising interest rates this year, fuelling concerns of a recession this year.
During times of macroeconomic uncertainty, investors must look for stocks with strong fundamentals and solid long term growth prospects available at a cheap valuation. To that end, investors can look to buy fundamentally strong value stocks BorgWarner Inc. (BWA), Lear Corporation (LEA), and Hyster-Yale Materials Handling, Inc. (HY) that might benefit investors in the long run.
Before diving deeper into the fundamentals of these stocks, let’s discuss why it could be wise to buy value stocks now.
The consumer price index (CPI) data for March showed consumer prices rose 5% on an annual basis and 0.1% sequentially. However, the core CPI, which excludes food and energy items, rose 0.4% sequentially and 5.6% year-over-year. In addition…
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