![]() Buying cheap stocks with low share prices can be dangerous in this difficult macroeconomic environment. Investing in 2023 may prove challenging, especially if the Federal Reserve cannot navigate a “soft landing” for the U.S. The stocks selected were from the following four sectors: energy, communication services, consumer discretionary and real estate. In the current uncertain economic climate, investors should be defensive yet opportunistic. Year over year, the communication services sector is up 25%. In contrast, the highest-performing sector year over year is information technology. The past year has been a bumpy ride for stocks in certain sectors, with real estate and utilities notching year-over-year losses. ![]() This indicates that these companies have strong valuations with the ability to improve returns. Grades of B or higher are given to stocks that are ranked in the top quarter of nearly 5,000 stocks in Altimeter’s stock database. The overall grade takes into account profitability, earning stability, valuation and earning expectations.
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