Buy these 'free cash flow favorites' as the S&P 500 prepares to test June lows

Buy these 'free cash flow favorites' as the S&P 500 prepares to test June lows

As investors prepare for equities to possibly retest their lows of the year, Evercore ISI has lowered its target on the S & P 500 and said traders should look to buy shares of companies with strong cash flow. Markets have tumbled this week on fears the Federal Reserve's commitment to aggressive rate hikes through the rest of this year will tip the economy into a recession. The major averages ended Thursday at their lowest levels since they fell to …