With interest rates set to rise sharply and consistently for the next year or more, many growth stocks will probably continue to struggle in the near term. But there are some segments of the market where rising interest rates are a good thing -- including some within the financial sector .
Here are two financial stocks that may not be on your radar that should get a boost from interest rate hikes -- Voya Financial (NYSE: VOYA) and Jackson Financial (NYSE: JXN) . And they both have one thing in common -- a focus on annuities.
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For further details see:
2 Financial Stocks You Can Buy Today