Published on 1 Aug 2022 on Insider Monkey via Yahoo Finance
In this article, we discuss 10 undervalued high free cash flow stocks to buy amid recession. If you want to read about some more undervalued high free cash flow stocks, go directly to 5 Undervalued High Free Cash Flow Stocks to Buy Amid Recession.
Prominent stocks in the United States like Apple Inc. (NASDAQ:AAPL), Microsoft Corporation (NASDAQ:MSFT), and Alphabet Inc. (NASDAQ:GOOG) are trading higher on the back of better-than-expected earnings for the second quarter of 2022 despite the Gross Domestic Product of the country contracting for the second straight three-month period and the central bank raising interest rates to slow down growth and tame inflation. The recession fears at the marketplace have brought stocks with high free cash flows to the limelight once more.
As the macro situation continues to point towards a recession, investors are eagerly exploring for undervalued high free cash stocks that can be picked up at bargain prices to limit some of the losses suffered as a result of investments in high-risk growth stocks during the past few years. Concerns about consumer spending still abound though, limiting the choices for these investors. The Consumer Confidence Index decreased for a third straight month in July, dropping to 95.7 from 98.4 in June. This is the lowest it has been since early 2021.
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