The financial sector (+3.8%) pounced, with names like Wells Fargo (WFC, +7.6%) and PayPal Holdings (PYPL, +5.2%) breathing a large sigh of relief. SEE MORE The 15 Best Stocks to Buy for the Rest of 2022 "Bullard's optimism is justified if inflation [does] manage to peak," says Edward Moya, senior market strategist at currency data provider OANDA. "The revenue growth was entirely due to FDX leveraging its pricing power with 10%-plus rate hikes at all segments," says CFRA Research analyst Colin Scarola (Strong Buy).