2 Supercharged Stocks to Buy Ahead of the Bull Rally – The Motley Fool
The U.S. Federal Reserve increased the benchmark interest rate by 25 basis points from 4.75% to 5% on March 21. This disappointed the market, which hoped that the central bank would pause interest rate hikes in response to the banking crisis. The recent rise in rates, the ninth one in a row, has heightened worries about higher borrowing costs and the possibility of a recession. These fears affected the stock market, with many growth stocks suffering setbacks in response to the news.
Although investors may prefer to sit on the fence during times of heightened uncertainty, this may not prove to be the smartest move. Historically, most stock market corrections have been followed by a bull rally. Hence, it makes sense to pick up shares of high-quality businesses such as Snowflake (SNOW -2.87%) and Alphabet (GOOG -0.19%) (GOOGL -0.15%), that have the potential to grow rapidly during a bull rally.
Snowflake
Shares of leading cloud-based data-warehousing company Snowflake tumbled after the…
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