These 4 stocks can help investors play defense as inflation rattles the market

Recent inflation reports spooked investors, sparking a sell-off on Wednesday, but defensive stocks could provide some stability the next time markets get rocky. The producer and consumer price indexes released this week showed annualized inflation still above 2%, a worrisome sign for investors hoping that the Federal Reserve could soon begin lowering interest rates.

ServiceNow has performed around in line with the Nasdaq Composite this year, with a gain of less than 10%. Of the 41 analysts covering the stock, 38 rate it a buy or strong buy, and the consensus average price target implies more than 10% in upside ahead for the software stock, according to LSEG. Roper, on the other hand, has struggled this year, with the software stock's shares falling slightly in 2024.

South Africa South Africa Latest News, South Africa South Africa Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Stock Market Today: S&P 500 closes higher on tech strength; big bank earnings eyedStock Market Today: S&P 500 closes higher on tech strength; big bank earnings eyed
Source: Investingcom - 🏆 450. / 53 Read more »

Stock Market Today: S&P 500 closes flat ahead of key inflation data, earningsStock Market Today: S&P 500 closes flat ahead of key inflation data, earnings
Source: Investingcom - 🏆 450. / 53 Read more »

BTC/S&P 500 Correlation: What Stock Market Can Tell Us About Bitcoin PriceComparing S&P 500 and BTC can give important insights on Bitcoin price prediction
Source: Utoday_en - 🏆 295. / 63 Read more »