The Federal Reserve announced a quarter-point interest rate increase at its first meeting of the year, and the central bank guided for six more rate hikes this year. While the recent rate hike was below the half-point increase that some investors had feared, more raises are in the cards, and rising interest rates have historically created a less favorable backdrop for growth-focused stocks and the market at large.
With rate hikes creating potential sources of volatility, now could be a great time to add sturdy, value-focused companies to your portfolio -- and where better to start than stocks backed by value-investing legend Warren Buffett and his company Berkshire Hathaway ? Here's why a panel of Motley Fool contributors identified Verizon Communications (NYSE: VZ) , Bank of America (NYSE: BAC) , and United Parcel Service (NYSE: UPS) as top stocks in Berkshire's portfolio that are poised to thrive despite rate hikes.
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3 Unstoppable Buffett Dividend Stocks That Will Survive the Fed's Rate Hikes