These stocks aren't waiting for the Federal Reserve to signal a bullish turn. Investors are closely eyeing signals from the central bank as to what policy decisions will come out of meetings on June 13 and 14. Wall Street seems to be somewhat convinced that inflation has shown signs of abating in a meaningful way , which could push the Fed to pause, albeit with hawkish commentary.
Prudential Financial stock has steadily outpaced its 50-day moving average over the past five trading sessions in June. Shares last closed at $85.76 on Wednesday, while the stock's 50-day moving average sits at $82.79.Analysts indicate the stock can rebound, however, with 60% polled by FactSet rating the stock as a hold with an average $91.93 price target. Fox Class B stock has gained 10.3% from the start of 2023. Shares last closed at $31.