The economic impact of Russia’s invasion of Ukraine is a source of concern for the United States. Market analysts, on the other hand, believe that the US economy will be able to withstand the blow. Pandemic woes should have a positive impact on travel and consumer spending in the near future. The urgency of a sharp decline in growth compared to 2021 levels has increased. Consumer spending in the United States rose by more than 7% in the first two weeks of February compared to the same period in 2021. Verizon Communications and Wells Fargo & Company are two of the most undervalued stocks according to hedge funds.
Insider Monkey highlights the 10 best-undervalued stocks according to hedge funds. The integrated oil and gas company Exxon Mobil Corporation is based in Texas. Hedge funds have recently increased their holdings in the stock. The memory and storage products of Micron Technology are sold. At $120, Citi analyst Christopher Danely maintains an outperform rating on the stock. In 2022, prices for DRAM products, a major source of revenue for the company, will rise. Investors are flocking to government bonds as a result of the Russian invasion of Ukraine, which has lowered bond and Treasury yields. Bank of America Corporation has been hurt by this, but interest rates are expected to rise in March, so the stock is expected to rise in the coming weeks. Pfizer Inc. is a well-known biopharmaceutical company with a hefty market capitalization. There will be a decrease in demand for the COVID-19 vaccine and booster shots produced by the company in 2022. A new treatment pill may be able to reverse this downward trend and generate more than $20 billion in revenue for the company. Over the past two decades, FedEx Corporation has been paying out dividends. In keeping with previous quarters, the company declared a quarterly dividend of $0.75 per share. At the end of the third quarter, the forward yield was 1.25 percent. For more details, click 10 Best Undervalued Stocks According To Hedge Funds.
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