2 Top Stocks to Buy Before 2023
The U.S. equity market has seen rough times in 2022. However, investors seem to be getting some relief now, especially since the Federal Reserve hiked the benchmark interest rate by 50 basis points in December 2022, which is lower than the 75 basis points increase announced in the four previous meetings.
The Federal Reserve's stance of slowing down interest rate hikes is indicative of cooling inflation in the coming months. This scenario bodes well for high-growth technology companies such as Microsoft (NASDAQ: MSFT) and Taiwan Semiconductor Manufacturing (NYSE: TSM), which are being affected by high inflation due to an increase in the cost of borrowing for funding expansion projects and reduced long-term earnings and cash flow estimates.
Against this backdrop, here's why these two companies can prove to be attractive picks before 2023.
Source Fool.com
