With consumer spending softening in recent months, market experts believe the U.S. economy is likely at an inflection point. Simultaneously, as recession fears are mounting and consumers turn pessimistic about the future, investing in stable dividend-paying stocks could help navigate the prevailing market uncertainties.
Therefore, looking at the strong fundamentals of Stantec Inc. (STN), ComfortDelGro Corporation Limited (CDGLY), and Ituran Location and Control Ltd. (ITRN), these stocks could be ideal buy-hold options for your portfolio.
In the face of a year’s worth of aggressive interest rate hikes, inflation rose again in March, according to economic data released Friday that is closely watched by the Federal Reserve. The Personal Consumption Expenditures (PCE) price index rose 0.3% in March, in line with economist expectations.
Although inflation rates have downgraded from the 2022 peak, they remain well above the central bank’s 2% target, reflecting that price increases are proving stickier than policymakers had anticipated. Market participants are widely expecting another…
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