Markets have been highly volatile lately amid concerns that sticky U.S. inflation increases the prospect of more Federal Reserve rate hikes. Given this situation, Honda Motor Co., Ltd. (HMC), Nokia Oyj (NOK), and Genie Energy Ltd. (GNE) could help investors gain substantial returns on their investments. Let’s take a closer look to get a better understanding of each of these stocks.
Investors’ optimism rose in early 2023 on speculation that high inflation was in the past and that the Federal Reserve would soon back off aggressive rate hikes. However, last month the market struggled to expand on January’s momentum following conjecture that the central bank would continue with interest rate hikes.
By looking over the Personal Consumption Expenditures (PCE) report, which exhibits inflation up more than expected in January, the Fed seems far from achieving its target inflation level.
As stocks sputter amid renewed inflation concerns, Wall Street analysts have warned that the stock market’s euphoric rally has been…
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