With the Fed keen on further interest rate hikes this year, the stock market will likely remain under pressure. Amid this backdrop, it could be wise for investors to buy fundamentally strong Dow stocks like Verizon Communications (VZ), Amgen (AMGN), and International Business Machines (IBM). Read more….
After beginning the year strongly, investor sentiments have taken a hit on renewed recession fears, leading to a 2.7% year-to-date decline for the Dow Jones Industrial Average (DJIA). However, this has created opportunities to enter fundamentally strong Dow stocks like Verizon Communications Inc. (VZ), Amgen Inc. (AMGN), and International Business Machines Corporation (IBM) at reasonable prices.
