3 Beaten-Down Stocks That Can Thrive With Rising Interest Rates
Recent comments from Federal Reserve Chairman Jerome Powell confirmed the U.S. central bank intends to raise interest rates in the near future, and investors are coming to terms with the likelihood that multiple hikes are imminent. A recent report from Bank of America estimates that the Fed could be on track to raise rates seven times this year, and it's probably fair to say the market is jumpy right now.
With interest rates set to rise and a multitude of other risk factors on the horizon, being selective has taken on added importance. But recent market turbulence has also led to some promising stocks trading at big discounts. A panel of Motley Fool contributors has identified three companies that look poised for success despite the shifting macroeconomic climate. Read on to see why they think SoFi Technologies (NASDAQ: SOFI), Applied Materials (NASDAQ: AMAT), and Airbnb (NASDAQ: ABNB) have what it takes to be winners.
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Source Fool.com
