5 Low-Beta Value Stocks To Buy Ahead Of Thursday's Trifecta

An unexpected decline in Apple’s (AAPL - Free Report) stock led to losses for stocks on Monday. But even so, equities remain close to the record highs they have scaled recently. Robust earnings growth and the attractiveness of equities over bonds have ensured that markets have either created new milestones regularly or have lingered tantalizingly close to them.

But three key events scheduled to occur this week could finally spoil the party. This trifecta, scheduled to arrive almost together on Thursday, Jun 8, includes the British election, the ECB policy meeting and former FBI director James Comey’s testimony.

Since these events could drastically dent investor confidence, picking value stocks with low beta looks like a smart option at this point. Beta measures the tendency of a stock's returns to respond to market swings. Low correlation stocks provide protection during turbulent times as they are less prone to day-to-day fluctuations

Comey to Testify Before Senate Committee

On May 9, Trump discharged FBI Director James Comey an account of his ineffectiveness in handling of the investigation into Hillary Clinton’s emails. Comey was accused of injudiciously commenting that “hundreds and thousands” of Clinton’s emails were forwarded by Clinton aide Huma Abedin to her then-husband, former Rep. Anthony Weiner’s personal computer.

The sudden firing of FBI Director James Comey raised questions among investors about Trump’s ability to implement his pro-growth policies. Such concerns are likely to be heightened as this development continues to unfold later this week. Comey is scheduled to testify in front of the Senate Intelligence Committee on Thursday in order to present his side of the case to senators.

UK Heads for Crucial Polls

On the same day, a snap election in the United Kingdom will determine who represents its citizens in the House of Commons. At present, Prime Minister Theresa May has a narrow majority in Britain’s lower House. However, she has elected to seek a wider legislative advantage as the country prepares to negotiate its exit from the EU.

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