(NYSE:CHPT) is a Campbell, California-based provider of electric vehicle (EV) charging infrastructure in the US and Europe. There is a widespread belief that the markets have already absorbed the impact of further interest rate hikes and a possible recession next year in their current valuation and thus provide attractive entry points in popular companies like Alibaba Group Holding Limited (NYSE: BABA), EQT Corporation (NYSE: EQT), and DISH Network Corporation (NASDAQ: DISH).ġ1 Best Buy-the-Dip Stocks To Buy Now 11. The Federal Reserve intends to continue the interest rate hikes next year also and expects the rate to increase to 5.1% before considering a reduction. This is the most aggressive rate hiking cycle by the Federal Reserve in four decades. Following the 0.5% increase in mid-December, the benchmark interest rate is currently in the range of 4.25% to 4.5%. The US Federal Reserve has increased benchmark interest rates seven times in 2022. Earlier this year, in June, the CPI reached a four-decade high as it increased by 9.1% YoY.
This was the second consecutive month when the CPI was lower than analysts’ forecast. Inflation has shown the first signs of cooling down as the November Consumer Price Index (CPI) reflected a YoY increase of 7.1% as opposed to the consensus forecast of 7.3%. Although there is a high possibility of a recession in 2023, the US Federal Reserve could stop increasing benchmark interest rates as inflation starts to come under control. JPMorgan believes that 2023 can be the best year for bonds and stocks in a decade due to the valuation reset, and it has provided an attractive entry point to potential investors. Meanwhile, the three leading market indices are down 10.1%, 19.1%, and 32%, respectively, from their 52-week highs, reflecting a buy-on-the-dip opportunity present in the market. Presently, the Dow Jones Industrial Average (DJIA) Index, the S&P 500 Index, and the NASDAQ Composite Index are down 8.6%, 18.2%, and 30.9%, respectively, for the year. The leading US market indices are on their way to recording the first annual loss since 2018 and the biggest YoY decline since the financial crisis of 2008. If you want to see more stocks in this selection, go to the 5 Best Buy-the-Dip Stocks To Buy Now. In this article, we will take a look at the 11 best buy-the-dip stocks to buy now.
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