Published on 9 Oct 2024 on Insider Monkey · via Yahoo Finance

Is Pure Storage, Inc. (PSTG) the Best High-Flying Stock to Buy?

We recently compiled a list of the 10 High-Flying Stocks to Buy Now. In this article, we are going to take a look at where Pure Storage, Inc. (NYSE:PSTG) stands against the other high-flying stocks.

The equity markets are priced for a soft landing. This means that even the fear of a mild recession might trigger a significant equity-market correction. The broader economic data aids the soft-landing thesis, but a slowdown consistent with soft landing might still lead to a downturn, explains Chief Investment Strategist of Russell Investments. As of now, a soft landing appears to be a more likely outcome. Inflation continues to decline, growth in wages has been moderating, and labor-market pressures are cooling. Importantly, the US Fed started easing before the clear signs of economic stress emerged.

Factors Driving Volatility- Caution for Investors