Three stocks to buy with the Fed split on rates, traders say

  • 📰 CNBC
  • ⏱ Reading Time:
  • 23 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 13%
  • Publisher: 72%

Canada News News

Canada Canada Latest News,Canada Canada Headlines

As the Fed's path becomes murkier, two traders have some ideas on where to put money to work.

" on Wednesday. "The stock broke out in late July at a time when many of the other stocks were peaking in the market."

Newton says momentum behind it has not yet become overbought, and the stock could play catch-up all the way up to $47.79. That implies 12% upside from current levels."This had made a breakout of over a 16-year base," said Newton. "The stock has had a heck of a run. It's up about 25% since [this time last year], but really no meaningful resistance up until about $91.50, which were the highs that were made almost 20 years ago.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

Who is sponsoring Steve Leishmans Jackson Hole wardrobe?

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:

 /  🏆 12. in CA

Canada Canada Latest News, Canada Canada Headlines

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

Bond market yield curve inverts, signaling Fed may be too slow to cut rates, risks recessionAfter the Fed released minutes of its last meeting, the bond market signaled it fears the Fed will not be aggressive enough with its rate cutting. TAG!!! You’re NOT RE-elected!!! Even Dems are smart enough to realize, no recession, no chance in 2020
Source: CNBC - 🏆 12. / 72 Read more »

Target, Lowe's results boost Wall Street; stocks hold gains after Fed minutesWall Street's main indexes rose on Wednesday as upbeat earnings from retail...
Source: Reuters - 🏆 2. / 97 Read more »