As investors gear up for this week's Federal Reserve meeting, CNBC Pro found stocks that have historically done well when rates are cut without a recessionary environment. Fed funds futures have fully priced in that the central bank will lower interest rates, according to CME's FedWatch Tool .
That could mark a turn after a hard year , with the athletic retailer's shares down more than 27% in 2024. This performance has made it the third worst-performing member of the Dow Jones Industrial Average year to date, behind just Intel and Boeing . The average analyst polled by LSEG has a buy rating. However, they expect a far more muted upside of around 15.5%. Walmart also made the list with a median rally of nearly 51%.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more: