While strong economic data and better-than-expected second-quarter corporate earnings helped the market recover slightly, the possibility of a higher interest rate hike by the Fed based on the impressive jobs data could lead to immense market volatility. Therefore, beaten-down stocks Magnite (MGNI) and Ranpak Holdings (PACK) are best avoided now, given their weak fundamentals. Read more….
The subsided recession fears based on robust economic data and better-than-expected corporate earnings helped the market recover last month.