After more than a decade of growth stocks outperforming value- and income-oriented stocks, fortunes were drastically reversed in 2022. In fact, the Nasdaq Composite plunged 33% last year.

And because the Federal Reserve probably won't consider interest rate cuts until 2024, the stock market could still be a couple of years away from hitting a bottom. That's why it may be a good idea for investors to add quality income stocks to their portfolios to help them weather the market volatility that could lie ahead. Here are two stocks that could be smart picks to buy and hold well past this year.

Image source: Getty Images.

Continue reading

Source Fool.com