Volatility in the cryptocurrency and stock market is spooking investors but a handful of stocks could offer solid returns without the drama.
The major averages are lower on Wednesday amid weakness in speculative sectors. A shocking 30% drop in the price of bitcoin weighed on sentiment, as the digital asset tumbled to around $30,000 at its low of the session, according to Coin Metrics.
The Cboe Volatility Index, a measure of investor fear, spiked above 23 on Wednesday. The Federal Reserve’s April meeting minutes also raised investor fears that inflation could unravel easy policies.
For investors looking for a smooth ride, CNBC PRO screened for stocks in the S&P 500 with low volatility characteristics as well as potential upside according to Wall Street analysts.
– CNBC