High inflation coupled with the possibility of another rate hike has increased the chances of recession later this year. Therefore, I present value stocks Mercedes-Benz Group AG (MBGAF), McKesson Corporation (MCK), and Mistras Group, Inc. (MG) with the potential to deliver long-term returns.
High inflation reading coupled with stronger-than-expected consumer spending has put the Fed in a tough position. Personal consumption expenditures surged 0.8% last month after gaining 0.1% in March.
