These stocks should weather the storm if rates continue rising.
Albemarle(ALB): Raised its 2022 guidance for the third time, driven by significant pricing increases from renegotiated lithium contracts.
Bank of America (BAC): Q2 net interest income jumped 22% year-over-year to $12.4 billion.
Charles Schwab (SCHW): Added 1 million new accounts during the second quarter.
CME(CME): The derivatives exchange is expected to benefit from rising interest rates due to increased hedging against market volatility.
Equinix(EQIX): The data center REIT reported record bookings, fueled by strong capacity demand.
Marathon Petroleum (MPC): Operating income from the Refining & Marketing segment skyrocketed to $7.1 billion.
T-Mobile (TMUS): Postpaid subscriber additions in Q2 surpassed the combined subscriber additions of its rivals in the 5G space.
Wall Street is searching for solid stocks to buy that could shield long-term portfolios from market volatility ahead of the anticipated interest rate hikes.
While inflation may have peaked in July, it remains well above the Federal Reserve’s (Fed) 2% target. So far in 2022, the central bank has already raised its overnight lending rate by 2.25%.
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