tl;dr

The year 2024 is anticipated to bring a reversal in the Fed’s interest rate hiking cycle, with a high probability of a US recession. Companies are expected to benefit from reduced borrowing costs and boosted stock valuations, leading investors to seek proven blue chip stocks for risk mitigation. Not...

The year 2024 anticipates a reversal in the Fed’s interest rate hike, coupled with the possibility of a US recession. This environment is expected to be favorable for companies, with reduced borrowing costs and boosted stock valuations, leading investors to seek out proven blue chip stocks for risk mitigation. Notable options include Visa, Inc. (NASDAQ: V), Advanced Micro Devices, Inc. (NASDAQ: AMD), and Thermo Fisher Scientific, Inc. (NASDAQ: TMO).

Visa, a top contender for risk dampening, has shown strong performance, boasting double-digit growth and a generous stock repurchase program to mitigate value dilution. Advanced Micro Devices has maintained its competitive edge, particularly in the desktop PC market, and is considered a value-oriented company, making it favorable for consumers in a recession. Thermo Fisher, despite a sales forecast miss, is a strong buy according to analysts, showing robust positioning for long-term growth in the biotech sector.

Disclaimer: The opinions expressed by the writers at Grow My Bag are their own and do not reflect the official stance of Grow My Bag. The content provided on our site is not intended as investment advice, and Grow My Bag is not an investment advisor. We do not endorse buying or selling any cryptocurrencies or digital assets mentioned in our articles. High-risk investments in Bitcoin, cryptocurrencies, and digital assets require thorough due diligence, and all transfers and trades made are at your own risk. Grow My Bag is not responsible for any potential losses and participates in affiliate marketing.

Disclaimer

The opinions expressed by the writers at Grow My Bag are their own and do not reflect the official stance of Grow My Bag. The content provided on our site is not intended as investment advice, and Grow My Bag is not an investment advisor. We do not endorse buying or selling any cryptocurrencies or digital assets mentioned in our articles. High-risk investments in Bitcoin, cryptocurrencies, and digital assets require thorough due diligence, and all transfers and trades made are at your own risk. Grow My Bag is not responsible for any potential losses and participates in affiliate marketing.
 4 Nov 24
 4 Nov 24
 4 Nov 24