The market pulled back after the latest Fed meeting on Wednesday, where policymakers signaled they expect to raise interest rates by late 2023, sooner than they had previously anticipated. The selloff intensified Friday after St. Louis Fed President James Bullard told CNBC he sees the Fed starting to raise interest rates in late 2022.
Now is a time to be looking to add stocks to one's watchlist, but why do the stocks chosen above stand out? Before turning to that question, it is important to consider how one goes about choosing a stock in the first place. Superior fundamentals and technical action, and buying at the right time, are all part of a shrewd investing formula.
5 Ultra-Popular Stocks Wall Street Views as Overvalued
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