Market volatility in the United States, which has been prevalent since the beginning of the current month, has kept investors on edge. After a breather in June, the Fed raised the benchmark lending rate by 25 basis points at its July meeting, reminding investors that inflation is still a force to reckon with. In another alarming development for the U.S. banking industry, Moody’s Investors Service recently downgraded 10 small and mid-sized U.S. banks and put six bigger lenders under review for a potential downgrade.
However, this gloomy scenario does not mean that investors should dodge stocks. In fact, these five broker-friendly stocks are worth keeping on one’s radar for healthy returns despite this turbulence.
This post originally appeared at 24/7 Wall St.