Existing-Home Sales Likely Slowed in August
Several value stock ETFs have reached new highs! Will the uptrend continue with the start of the interest rate cut cycle?
Nomura Securities found that after studying historical rate-cut cycles, three months after the Fed cut interest rates by 50 basis points, the performance of value stocks outperformed growth stocks.
Loop Capital raises the target price of Home Depot to $360.
On September 19th, Loop Capital raised the target price of Home Depot from $330 to $360 and maintained a "hold" rating.
swhy: In the context of the Federal Reserve's interest rate cut, interest rate-sensitive real estate and manufacturing sectors may benefit.
The Federal Reserve's September meeting statement believes that progress has been made in achieving the target inflation, while job growth has slowed down and inflation and employment risks are roughly balanced. The meeting lowered the policy interest rate by 50 basis points and continued with the planned balance sheet reduction.
Freight crisis on the east coast of the USA! Dock workers may go on strike in October to protest.
①The United States is currently holding elections, and just started a rate cut cycle on Wednesday. At this time, any movement in the economy could become a major challenge. ②Dock workers on the East Coast of the United States have warned that if a new labor agreement is not reached by the end of this month, they will go on strike starting from October 1st. ③This will have a serious impact on the retail trade in the United States, and may even disrupt the downward trend in inflation.
Home Depot (HD) Advances While Market Declines: Some Information for Investors