Published on 29 Jul 2023 on Zacks via Yahoo Finance
Buy These 4 Low-Beta Stocks to Counter the Choppy Market
Investors are now concerned with several events dampening the ebullient market's mood. Among them, the recent development of downgrading the credit ratings of several small to mid-sized U.S. banks by Moody's is alarming. Thus, investors are demanding portfolio protection from expected wild market swings. Hence, creating a portfolio of low-beta stocks is paramount since the securities will deliver healthy returns and shield against choppy market conditions.
In this regard, stocks like Trip.com Group Limited TCOM, Dr. Reddy's Laboratories Limited RDY, Sterling Check Corp. STER and MINISO Group Holding Limited MNSO are worth betting on.
Understanding Beta