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Although Fed Chairman Jerome Powell said the Fed is nowhere near considering a rate hike, investor jitters around the aforementioned factors could lead to several overpriced stocks suffering corrections in the near term.
In these uncertain times, fundamentally sound low-priced stocks could be safer bets. H & M Hennes & Mauritz AB (HNNMY), CEMEX S.A.B de C.V (CX), and Mazda Motor Corporation (MZDAY) are currently trading below $10 and exhibit strong fundamentals. So, we think it could be wise to bet on these under-the-radar stocks now.
