The persistent macroeconomic headwinds, including high inflation, the Fed’s aggressive monetary tightening, continued supply chain disruptions, the ongoing Russia-Ukraine war, and the rising commodity prices, have kept the equity markets under pressure since the beginning of the year. The major market indexes are expected to witness further selling pressure as analysts expect the economy to witness a recession.
Some fundamentally strong stocks have corrected due to the recent market turmoil and are trading at attractive entry points. CNBC’s popular show host Jim Cramer is known for his unconventional stock picking. Cramer is currently betting on Morgan Stanley (MS), The Walt Disney Company (DIS), and Starbucks Corporation (SBUX). These stocks have been beaten down over the past few months and are now trading at attractive valuations.
