The Fed Expects a Recession: 2 FAANG Stocks to Buy Now and Hold Forever
U.S. economic growth decelerated in the first quarter in response to high inflation and rising interest rates. But recent turmoil in the banking industry could amplify those headwinds in the coming months. To that end, Federal Reserve (the Fed) officials expect a mild recession before the end of the year, with a recovery occurring during the subsequent two years.
That news may worry some investors, but there is a silver lining: Recessions are a temporary phenomenon. Eventually, the economy will bounce back and the stock market will regain its momentum. In the meantime, recession fears have left these FAANG stocks trading at attractive prices.
(NASDAQ: GOOG) (NASDAQ: GOOGL) is the parent company of Google, a business that dominates the digital-advertising market. In fact, Google accounted for nearly 29% of U.S. digital ad spend last year, according to data from Insider Intelligence, and it accounted for roughly 30% of global digital ad spend.
Source Fool.com
Alphabet Inc. A Stock
The stock is an absolute favorite of our community with 88 Buy predictions and no Sell predictions.
As a result the target price of 186 € shows a slightly positive potential of 5.33% compared to the current price of 176.58 € for Alphabet Inc. A.
