The Federal Reserve raised interest rates yesterday, despite rising risks to economic growth and predictions that it would do so at six more meetings this year. The move responded to increasing concerns about the economy and the potential for future hikes. The increase came as a surprise to many, as it was not announced during the meeting. The Fed also predicted that rates would be raised at least five times this year.
Jerome Powell, the Federal Reserve chairman, gave a more upbeat assessment of economic growth prospects. He raised interest rates for the first time since 2018 and said that the US economy is “heading in the right direction.” This news comes as a relief to markets, worried about how Fed Chair Jerome Powell would respond to interest rates hikes. Read on to know more about the best stocks to buy now.
Tesla Motors, Inc. (TSLA)
Mkt cap: $868.38 B
Trading at: $840.23
Tesla Inc. (TSLA) is one of the largest and most successful electric car startups. The company leads the automotive sector, and it is the most valuable stock in the Auto Manufacturers’ business, accounting for more than 87 percent of all Auto Manufacturers’ best stocks. The industry of auto manufacturers is rated 139th out of 148.
Tesla has been on the rise lately, with stock prices soaring. So it’s no surprise that analysts have given the electric car manufacturer their highest marks. Ratings agencies have given Tesla a “stable” credit rating in a recent report. This is good news for Tesla, as analysts believe that the company has a low potential for future financial problems. The same analysts who give Tesla high marks think also that Tesla’s stock is undervalued.
Tesla is considered a good investment for those looking for the highest returns. The high stock prices reflect the strong fundamentals of Tesla, which include its innovative technology and excellent future prospects.
Apple Inc. (AAPL)
Apple stock was bullish slightly after Foxconn announced that it would resume certain operations at two Shenzhen factories under Covid-19 lockdowns. As a result, Apple Inc (NASDAQ: AAPL) increased its stock price by 2.5%. A new COVID outbreak in Shenzhen has resulted in a one-week blockade till March 20. As a result, Foxconn, Apple’s manufacturing partner, shut down its operations in the city.
The bullish was good news for the company as it indicated the return of its productive capacity after the pandemic. In addition, Apple’s stock price has now been on the rise for over a year, and this indicates that there is still a lot of interest in the company.
Foxconn’s Shenzhen and Guanlan factories produce around a quarter of the company’s entire production capacity, which includes iPhones, PCs/notebooks, networks, and a variety of other components.
Zoom Video Communications Inc. (ZM)
Mkt cap: $31.96 B
Trading at: $106.84
On a solid trading day, Zoom Video Communications Inc.’s stock surpasses its peers with 6.2%. We are experiencing an economic crisis with the highest inflation levels since the early 1980s, consequently raising interest rates by the Fed. This increase is intended to mitigate the present value of risky assets.
With the increase in vaccination and the fall in the number of deaths from COVID19 around the world, the company Zoom was losing value in the market. In addition, there was a broad sale of shares in technology companies in general in the same period.
In any case, analysts are betting on the potential of Zoom as most companies after the pandemic work in a hybrid and remote way, and platforms like Zoom are essential for maintaining the current state of employment.
Nintendo (7974)
Mkt cap: JPY $7.95 T
Trading at: JPY $61,220
Nintendo has released its financial statistics for the fourth fiscal year of 2021, and the good news keeps on coming. The company has posted a net profit of ¥640.6 billion (USD 16 billion), an increase of 81.8% from the previous fiscal year. This was good news not only for Nintendo but also for the whole gaming industry. This increase in profits shows that the market is growing more confident about the future of gaming and video games and that Nintendo is well-positioned to stay ahead of competitors.
Nintendo has released its financial statistics for the fourth fiscal year of 2021, and the good news keeps on coming. The company has posted a net profit of ¥640.6 billion (USD 16 billion), an increase of 81.8% from the previous fiscal year. This was good news not only for Nintendo but also for the whole gaming industry.
This increase in profits shows that the market is growing more confident about the future of gaming and video games and that Nintendo is well-positioned to stay ahead of competitors. Moreover, in 2022 Nintendo intends to expand on its present user base of more than 100 million with its next-generation system.
Bottom Line
Dow Jones today (DJIA) reached new highs after FED raised rates for the first time in a lot of time. At the same time, this trend may be good news for investors. the hope is that stocks will continue to rise and that investors can be profitable even in the midst of the current global crisis.
Inflation has brought hope to stock market investors amid the current international political conflicts that directly affect the global economy. As a result of rising inflation, technology stocks are bullish again after a few months of bearish. This has been seen recently in the market as shares of tech companies have increased in value. Many believe that this is because inflation will only continue to grow, which will lead to more economic growth and it can give investors stocks to buy now.
