According to the CME Group's FedWatch Tool, there is a 57% chance that the Federal Reserve will cut interest rates by 25 basis points (one-quarter of a percent) at its September 2024 meeting. The anticipation of this action has been driving stocks higher despite the impact of lingering inflation on consumer spending and, potentially, corporate earnings.
However, many analysts believe the price action in stocks so far in 2024 is just the appetizer for a much larger movement if and when the Fed cuts rates. A distinguishing feature will likely be a broadening out of the market winners beyond the technology sector.
If you don't already have a watchlist, now would be a good time to start putting one together. In this special presentation, we list seven stocks that should perform well if the Federal Reserve cuts rates in September. And even if the Fed delays that cut, you'll be in a better position to take action when the rate cut eventually comes.
Click the "Continue to Slide #1" button to view the first company.
