Published on 20 Oct 2024 on Insider Monkey · via Yahoo Finance
XP Inc. (XP): Among the Oversold Growth Stocks to Invest In
We recently compiled a list of the 10 Oversold Growth Stocks to Invest In. In this article, we are going to take a look at where XP Inc. (NASDAQ:XP) stands against the other oversold growth stocks.
As investors focus on consumer spending in a bid to assess the broader health of the US economy, current data points demonstrate that the fears of recession are now overdone. UBS believes that the excess savings that were built up during the COVID-19 pandemic are now used up, and elevated levels of interest rates seem to be impacting activity, mainly in the housing market. However, as the US Fed moves further with its policy easing cycle, lower rates are expected to ease some downward pressure on the broader economy.