Amid a toxic mix of macroeconomic headwinds, the fears of an economic slump have been soaring. Given this backdrop, let us probe into stocks Rollins, Inc. (ROL), Westinghouse Air Brake Technologies Corporation (WAB), and Grupo Aeroportuario del Centro Norte, S.A.B. de C.V. (OMAB), that could be solid buys now for reasons mentioned in the article.
The Fed has been raising the interest rate for almost a year to curb the stubbornly high inflation. The headline inflation rose 4.9% year-over-year in April, increasing the likelihood of a pause. According to the CME FedWatch tool, markets are now pricing a 90.4% chance of a rate hike pause in June.
