The Ukraine-Russia war, the Fed’s plans for more aggressive interest rate hikes later this year to combat inflation, and deepening supply chain disruptions continue to dampen investors’ sentiment. According to the New York Fed’s survey in March, consumers could witness inflation hitting 6.6% over the next year.
However, April is historically the best month of the year for the S&P 500, making it an opportune time to invest in quality stocks. Also, the U.S. unemployment rate has fallen to 3.6% from 3.8%, with nonfarm payrolls increasing by 431,000.
Given the current market scenario, we think it could be prudent to invest in fundamentally sound stocks like these four no-brainer stocks that are currently down more than 20%. Their strong growth prospects and high-profit margins position them well to rebound in the near term.
The post Add These 4 No-Brainer Stocks Down More than 20% to Your Portfolio originally appeared at StockNews.com.