Andy Wang visits The Watch List with Nicole Petalides.
Rising interest rates are negatively impacting the valuations of stocks, says Andy Wang. He discusses how the Fed's inflation fight is hurting bond prices, and a corporate profit recession is likely to last a couple of quarters. He then goes over his stock picks which include Costco (COST) and Domino's (DPZ). He notes that consumer staples stocks are like seeking higher ground in a financial storm.
Watch the video at TD Ameritrade Network.
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