The Federal Reserve of the United States is likely to hike interest rates this week. There is a risk that the US economy will enter a downturn. The yield curve, which measures the difference between short- and long-term bond yields, is currently flattening. The likelihood of the United States entering a recession has grown to about 30%. In February, consumer price inflation reached about 8%, the highest level in four decades.
Insider Monkey highlighted 10 value stocks hedge funds like in 2022. At the conclusion of the fourth quarter of 2021, 64 hedge funds in Insider Monkey’s database had positions in FedEx Corporation totaling $2.4 billion. FedEx Corporation’s price objective was lifted to $285 from $270 by an Argus analyst, who kept his Buy rating. Jason Cassorla of Citi reiterated his Buy recommendation on the stock, with a $277 price target. HCA Healthcare, Inc. was owned by 66 hedge funds in Insider Monkey’s database at the end of the fourth quarter of 2021, worth $2.9 billion. The Proctor & Gamble Company manufactures and sells branded consumer goods. With 6 million shares valued at more than $985 million, Cedar Rock Capital is a major stakeholder. Morgan Stanley increased its PG stock price objective to $177 from $161 in January. MKM Partners analyst John Gerdes boosted the stock’s price target to $84 from $81 on March 7. Exxon Mobil Corporation was held by 71 hedge funds in Insider Monkey’s database at the end of the fourth quarter of 2021, worth $5.3 billion. Hedge funds are putting their money into Lowe’s Companies, Inc. as interest rates climb. 72 hedge funds in Insider Monkey’s database had positions totaling $6.8 billion at the end of the fourth quarter of 2021. For more details, click 10 Value Stocks Hedge Funds Like In 2022.