These are the Dow stocks you want to own the most if the Fed sparks a risk-on rally

Beaten-down stocks could be the big beneficiaries of a potential Federal Reserve-fueled rally this week. The market has already priced in the likelihood of a 75 basis point rate hike from the central bank, which began its two-day meeting Tuesday. It would be the Fed 's fourth straight 0.75 percentage point increase in its campaign to tame inflation. Instead, investors will focus on what Fed Chair Jerome Powell may signal about future rate increases on Wednesday.

Apple has the highest inverse correlation to the VIX/VXX. The iPhone maker is down 13.3% so far this year, far less than other hard-hit tech stocks. Last week, Apple reported earnings and revenue that beat expectations, but its iPhone revenu e came up short. Credit Suisse analyst Shannon Cross called it a " relatively safe port in the storm " in a note Friday, pointing to Apple's solid cash flow and recurring revenue. Salesforce , meanwhile, is down 36% year to date.

$MMAT META MATERIALS

List please. Is this an ad or an article? Hidden behind paywall.

Nigeria Nigeria Latest News, Nigeria Nigeria 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 Slips 100 Points to Close October, Has Best Month Since 1976Stocks closed lower but major indexes gained in October, with the Dow up 14%, its best month since January 1976
Source: WSJ - 🏆 98. / 63 Read more »

Verizon, Microsoft stocks are index's sole monthly losers as the Dow notches record October gainsVerizon recently posted continued subscriber gains, while Microsoft forecasts a further slowdown in its Azure cloud-computing business. And how about the other 9 months?
Source: MarketWatch - 🏆 3. / 97 Read more »

Stocks slip on Monday as Dow looks to close out its best month since 1976The S&P 500 and Nasdaq Composite are also up for the month, putting Wall Street on track to snap a two-month losing streak. Start the countdown to Biden taking credit.
Source: CNBC - 🏆 12. / 72 Read more »