The S & P 500 and Nasdaq extended their record rallies this week following cooler-than-expected consumer inflation data Wednesday morning. While Fed rate cuts would likely benefit the overall stock market, several names in the CNBC Investing Club portfolio — from housing plays to autos to biotech — could really get a boost.
Our other financial stock, Morgan Stanley has been hurt by higher rates as many clients shifted cash around in search of higher yields. As rates move lower, we should see some of that dynamic reverse. Morgan Stanley also has a robust investment banking business that would be helped by lower rates boosting demand for the underwriting of initial public offerings and fees from mergers and acquisitions.
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