These 3 Stocks Can Win the High-Interest-Rate War
Federal Reserve Chairman Jerome Powell continues to communicate that the Fed plans to keep interest rates elevated until inflation stabilizes around its 2% annual target. Higher rates often drive lower stock markets, making it tough to find investments that look capable of thriving in what may very well be an extended period of higher-cost borrowing.
Still, the best companies out there are able to thrive, even when money gets more expensive. With that in mind, three Motley Fool contributors went looking for businesses that look capable of winning in a period of higher interest rates. They picked JPMorgan Chase (NYSE: JPM), Berkshire Hathaway (NYSE: BRK.A)(NYSE: BRK.B), and Upstart (NASDAQ: UPST). Read on to find out why, and decide for yourself whether one or more of them deserve a spot in your portfolio to help you fight through these higher-interest-rate times.
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Source Fool.com
JPMorgan Chase & Co. Stock
The stock is an absolute favorite of our community with 34 Buy predictions and no Sell predictions.
With a target price of 202 € there is a slightly positive potential of 3.1% for JPMorgan Chase & Co. compared to the current price of 195.92 €.
