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Stock impact report

Billionaire Ron Baron Says Recent Market Weakness Offers Huge Buying Opportunity; Here Are 3 Beaten-Down Stocks Analysts Like [Yahoo! Finance News]

Wallbox N.V. (WBX) 
Last month, the annualized rate of inflation hit 8.6%, the highest in more than 40 years. Last week, in response, the Federal Reserve bumped up its benchmark interest rate by 75 basis points, the largest such hike since 199 The combination of high inflation and aggressive tightening action by the central bank sent an already jittery stock market to its worst single week since the onset of the COVID crisis, and has economists talking gloomily about a repeat of the late 1970s and early 1980s, when similar inflation and high interest led to market weakness and a deep recession.For long-term investors, however, the picture may not be so grim. The broad market downturn drove lower prices across the board – and that can offer up opportunities to buy high-quality names in beaten-down sectors. In fact, billionaire investing legend Ron Baron, of Baron Capital, sees today’s environment as a ‘huge once-in-a-generation buying opportunity.’"Overall, we remain optimistic. We normally don't give muc Show less Read more
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