Better-than-expected corporate earnings and growth in the services sector last month should help offset the impact of recession fears on the stock market. However, since market swings are expected to continue, it could be wise to invest in quality stocks Exelixis (EXEL) and AutoNation (AN), currently trading at significant discounts to their peers. Read more….
Economic contraction for two consecutive quarters due to high inflation and aggressive policy tightening make many analysts believe that a recession is unavoidable.