UPST - 3 Stocks That Could Soar in 2024 if the Fed Cuts Interest Rates
2023-11-29 05:30:00 ET
Inflation is slowing down, and a soft landing for the economy may really happen next year, even if a recession does end up taking place. That could be great news for the markets, and it may potentially even lead to interest-rate cuts.
Three stocks that could benefit in a big way from those developments are Realty Income (NYSE: O) , Upstart Holdings (NASDAQ: UPST) , and Ford Motor Company (NYSE: F) . Let's look at why.
Real estate investment trusts (REITs) haven't been doing particularly well this year. Rising interest rates have made investors wary of investing in these businesses since they often carry considerable debt on their books. However, as interest rates come down, that could lead to much more bullishness, particularly for stocks that provide good value, such as Realty Income.
For further details see:
3 Stocks That Could Soar in 2024 if the Fed Cuts Interest Rates