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Stock Market Turmoil: 2 Soaring Stocks to Buy Now (Hint: One Is Up 260% This Year)
Stocks declined as oil prices skyrocketed on Friday, June 13, after Israel attacked Iran, one of the largest oil producers in the world. Traders are worried the conflict will make gasoline more expensive. That would hurt the economy because cheaper gasoline is the primary reason inflation has been cooling. Reversing that trend would leave consumers with less spending money.Additionally, many economists think that the tariffs imposed by the Trump administration will raise inflation in the coming months. The additive effect of more expensive oil and tariff-induced price increases could slow economic growth profoundly. However, patient investors have usually been well rewarded for buying dips in the U.S. stock market.With that in mind, it makes sense to invest a small amount of cash today, then lean in more aggressively if the drawdown deepens. CoreWeave (NASDAQ: CRWV) and MercadoLibre (NASDAQ: MELI) are worth buying. Here's why.Continue reading
Stocks declined as oil prices skyrocketed on Friday, June 13, after Israel attacked Iran, one of the largest oil producers in the world. Traders are worried the conflict will make gasoline more expensive. That would hurt the economy because cheaper gasoline is the primary reason inflation has been cooling. Reversing that trend would leave consumers with less spending money.
Additionally, many economists think that the tariffs imposed by the Trump administration will raise inflation in the coming months. The additive effect of more expensive oil and tariff-induced price increases could slow economic growth profoundly. However, patient investors have usually been well rewarded for buying dips in the U.S. stock market.
With that in mind, it makes sense to invest a small amount of cash today, then lean in more aggressively if the drawdown deepens. CoreWeave (NASDAQ: CRWV) and MercadoLibre (NASDAQ: MELI) are worth buying. Here's why.
