Written by Puja Tayal at The Motley Fool Canada
Many tech stocks saw a correction in the second half of July, as the market priced in an interest rate hike by the U.S. Fed. August could see the bullish sentiment return in the second half as the market expects this to be the last rate hike. While the Fed might keep interest rates high for the rest of the year, companies with high debt could see a dip in stock price as higher interest expenses pull down margins.
Top stocks to buy under $50 in August 2023
Many economists expect a recession to hit anytime as high-interest rates seep into the economy. If a recession does hit, U.S. tech stocks could take a hit. But Canadian tech stocks would be better off as their price is not as inflated as their U.S. counterparts. Here are three TSX stocks under $50 that could sustain an economic downturn and surge in an economic recovery, making them an ideal investment for an…
