The U.S. Federal Reserve increased the benchmark interest rate by 25 basis points from 4.75% to 5% on March 21. Historically, most stock market corrections have been followed by a bull rally. Hence, it makes sense to pick up shares of high-quality businesses such as Snowflake (NYSE: SNOW) and Alphabet (NASDAQ: GOOG) (NASDAQ: GOOGL), that have the potential to grow rapidly during a bull rally.