Published on 1 Sep 2023 on Insider Monkey via Yahoo Finance

10 Stocks That Are About To Explode

In this piece, we will take a look at ten stocks that are about to explode. If you want to skip our background of the stock market then take a look at 5 Stocks That Are About To Explode.

The stock market has been quite tumultuous recently. The Federal Reserve's rapid interest rate hikes that have pushed the rates to a two decade high have significantly changed today's investment dynamics and shaken up several industries. They have also made money market funds and the U.S. dollar quite attractive as well, with the greenback always eager to flex its claws at the slightest hint of more interest rate hikes.

Today's interest rate environment started shaping last year at quite an inopportune time. It came right at the time when inflation was rising in the aftermath of the coronavirus pandemic due to the lax fiscal policies of central banks all over the world. While this alone would not have shocked markets, inflation, which was already high due to the monetary policies, soared as the Russian invasion of Ukraine started and the global energy market was disrupted. Europe rushed to diversify its oil sourcing from Russia, and the sweet crude produced in Saudi Arabia became the oil of choice all over. At the same time, countries like Qatar benefited as a key component of Europe's energy diversification was choosing liquefied natural gas (LNG) to meet its energy needs.