Since the beginning of the year, the stock market has faced the brunt of macroeconomic and geopolitical issues. The Dow Jones Industrial Average has declined 12.2% year-to-date to close the last trading session at 31,874.84, while the S&P 500 and Nasdaq Composite have lost 16.9% and 23.9% year-to-date to close the last trading session at 3,959.90 and 11,897.65, respectively.
The Federal Reserve has been trying to contain the surging inflation by aggressively increasing the benchmark interest rates, giving rise to recession fears. With the increasing odds of a recession, investors must keep looking for quality stocks yet to get enough investor attention but possess solid upside potential.
