Published on 8 Dec 2023 on Insider Monkey via Yahoo Finance
In this piece, we will take a look at the 15 best falling stocks to buy now. If you want to skip our overview of the current stock market environment and our coverage of the latest stock market news, then you can skip ahead to 5 Best Falling Stocks To Buy Now.
With 2023 coming to a close, one thing that isn't going away is uncertainty in the stock market. This year has been quite a roller coaster ride, as between January 2023 and November 2023, indexes have seen new highs and then tumbled afterward. At the heart of these trends are high interest rates and inflation, both of which aren't great for the market. As everyone's well aware by now, to tame inflation, the Fed has to raise interest rates. Raising interest rates makes alternative investment vehicles more attractive than the stock market, reduces consumer spending, and raises the cost of capital for doing business. The latter two implications aren't great for the economy, which then adds to the already weak market sentiment.
Amid the AI-led rally, markets roared to life with the tech heavy NASDAQ index setting a new record for first half returns this year. This was fueled by optimism surrounding A.I. as investors bet heavily on the tech sector. Then, the second half remained muted with uncertainty surrounding the future of the Fed's interest rate cycle.