Market Correction 2022: 2 Value Stocks to Buy for Cheap
Alarm bells are ringing on Wall Street as rising interest rates and slowing gross domestic product (GDP) growth raise the possibility of a U.S. recession. But with the S&P 500 down 17% to $3,991 year to date, it could be time to bet on quality stocks while they are cheap. Let's explore why Ford Motor (NYSE: F) and Philip Morris (NYSE: PM) could make good buys in this challenging market.
New cars and other big-ticket purchases are often among the first to be postponed during an economic downturn, so Ford faces some pretty serious near-term challenges. That said, the company's rock-bottom valuation leaves little room for a big crash. And its transition to electric vehicles (EVs) will make it a great way to bet on the post-recession economic rebound.
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Source Fool.com
