3 Stocks to Buy Before the Fed Cuts Rates
Inflation doesn't appear to be coming down fast enough to suggest that interest-rate cuts are around the corner. But that could be a good thing for investors because it means there's still time to buy rate-sensitive stocks that could soar when rate cuts occur. After all, it's a question of when rates will come down, not if.
Three stocks that could take off once the Fed starts cutting are Home Depot (NYSE: HD), Amazon (NASDAQ: AMZN), and AT (NYSE: T). Here's why now may be an opportune time to add these stocks to your portfolio.
Home Depot is a top home repair retailer that makes for a solid long-term investment. Things have slowed for the retailer as consumers tightened their budgets and spending. But as interest rates come down, the business may benefit significantly from that development.
Source Fool.com
