3 Top Stocks to Buy From an Industry That Could Soar in 2024
The housing and real estate industries have been pressured by high interest rates. Less than three months ago, the 30-year mortgage rate was approaching 8% -- its highest level in over 20 years. A high mortgage rate prices out a lot of buyers. But rates have cooled since then, and the 30-year is back down to 6.7% at the time of this writing.
2024 could be a year when the Federal Reserve begins cutting rates instead of raising them, which could help consumer spending and, in turn, the housing market. Here's why Home Depot (NYSE: HD), Owens Corning (NYSE: OC), and Enphase Energy (NASDAQ: ENPH) could be three top stocks to play a rebound in the housing market.
Image source: Getty Images.
Source Fool.com
Corning Inc. Stock
€33.43
-0.610%
We see a rather positive sentiment for Corning Inc. with 10 Buy predictions and 2 Sell predictions.
As a result the target price of 35 € shows a slightly positive potential of 4.7% compared to the current price of 33.43 € for Corning Inc..
