2 Great Value Stocks to Buy in April and Hold for Years
Todays episode of Full Court Finance at Zacks explores the bullish end to the first quarter and where the stock market stands as we head into April and the start of Q2.
The S&P 500 and the Nasdaq surged to end March as Wall Street scoops up tech stocks.The wave of buying and the impressive quarter has some pockets of the market overheated, especially considering the economic unknowns ahead. Therefore, we dig into two highly-ranked Zacks stocksHumana (HUM) and O-I Glass, Inc. (OI)that offer investors great value, alongside the ability to thrive in all types of economic conditions.
The Nasdaq has soared around 16% YTD, with the benchmark up roughly 6%. Both are once again trading above their 50-day and 200-day moving averages and sit at other technical levels that make it more difficult to be a bear.
Wall Street thinks the Silicon Valley Bank-related issues have been contained and see the increased financial tightening that will come along with it as a net positive. Despite some legitimate disputes on what the Fed will do next, most are sure Jay Powell will be far less hawkish for the remainder of the year.