3 Top Stocks to Buy in March 2023
The U.S. equity market has been in bearish territory since early 2022. While early 2023 offered some respite, the January rally seems to have already fizzled out.
The personal consumption expenditures price index (PCE, Federal Reserve's preferred inflation metric) increased by 5.4% year over year in January 2023, after several months of year-over-year decline. This may further pressure the Federal Reserve to hike interest rates, which could prove to be a major downer for the stock market.
However, bear market also offers an opportunity for investors to build long-term wealth since historically stock market corrections have been almost always followed by bull market rallies. Let's see how high-quality stocks such as MercadoLibre (NASDAQ: MELI), Qualys (NASDAQ: QLYS), and MongoDB (NASDAQ: MDB) can prove to be good buys in the current difficult market environment.
Source Fool.com
