Here are 3 stocks to buy after the Fed's 'crisis level cut,' according to one strategist

The U.S. Federal Reserve's bumper 50-basis-point interest rate cut last Wednesday caught several market watchers by surprise , one chief market strategist said — sharing where and how he's investing in such an environment. The U.S. is "five weeks in front of what's a very chaotic presidential election ... and the Fed is never really supposed to make a move up or down in rates this close.

According to FactSet data, of the 20 analysts covering the stock, 18 give it a buy or overweight rating, while two have a hold rating. Analysts' average price target is $19.25, giving it nearly 19% potential upside. Biotech play Another stock Polcari is bullish on is biopharmaceutical player Amgen , given its pipeline of new products .

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:

CNBC /  🏆 12. in AU

Australia Australia Latest News, Australia Australia Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Stock Market Today: Dow hits a fresh record high ahead of the key Fed meetingStock Market Today: Dow hits a fresh record high ahead of the key Fed meeting
Read more »