Lower Treasury yields could be good news for some stocks on Wall Street, according to Jefferies Equity Research. The Federal Reserve on Wednesday kept benchmark interest rates unchanged at a second-consecutive meeting. Stocks soared on the news, even as Fed Chair Jerome Powell insisted that efforts to tame persistent inflation have further to go. Treasury yields pulled back after the the November Federal Open Market Committee decision, with the benchmark 10-year note falling 15 basis points.
mountain Microsoft stock. The company recently announced plans to integrate an artificial intelligence add-on to its Office 365 products, with a specific focus on businesses. Piper Sandler estimated that the revenue from the add-on subscription fee could amount to more than $10 billion by 2026. Home construction company D.R. Horton also made the list. Shares have added nearly 29% from the start of the year.
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