Move aside, AI: None of our top 5 stocks in the third quarter are in tech

  • 📰 CNBC
  • ⏱ Reading Time:
  • 22 sec. here
  • 15 min. at publisher
  • 📊 Quality Score:
  • News: 57%
  • Publisher: 72%

Abbott Laboratories News

Eli Lilly And Co,Novo Nordisk A/S,Novo Nordisk A/S

Beneficiaries of the Fed's rate-cutting cycle dominate the list of top-performing Club stocks in the third quarter.

Less than two months ago, Wall Street was in the thick of a global market sell-off, with fears of a U.S. recession intensifying. Now the S & P 500 is on the doorstep of its fourth positive quarter in a row, the longest such streak since 2021. What a difference a little time makes. The best-performing Club stocks during the topsy-turvy third quarter are all outside the "Magnificent Seven" and AI-winner complexes. A couple names rode the wave of rate-cut optimism.

The New York Stock Exchange welcomes DEWALT , on May 14, 2024, in celebration of its 100th anniversary of founding. To honor the occasion, Donald Allan, Jr., President & CEO of Stanley Black & Decker, joined by Chris Taylor, NYSE Global Head of Advisory, rings the Opening Bell®.Less than two months ago, Wall Street was in the thick of a global market sell-off, with fears of a U.S. recession intensifying.

 

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

United States United States Latest News, United States United States Headlines