RXT - 3 Stocks That Could Soar When Inflation Abates and Interest Rates Moderate
High inflation and the U.S. Federal Reserve's interest rate hikes in response to it have slowed economic growth. Spending habits have been altered and investors have reacted.
But when efforts to ease inflation start to pay off and interest rates drop out of the news, a lot of beaten-down stocks could soar. Three Fool.com contributors think Etsy (NASDAQ: ETSY) , Rackspace Technology (NASDAQ: RXT) , and Charter Communications (NASDAQ: CHTR) could all benefit if inflation ebbs and interest rates settle. Here's why.
Nicholas Rossolillo (Etsy): I'd had my eye on Etsy for a while when CEO Josh Silverman took over in 2017. A veteran of the e-commerce world who was running a business when the dot-com bubble burst, Silverman persuaded me to become a shareholder by immediately taking steps to whittle down spending to the company's "vital few" projects that would provide the biggest returns. Silverman has done an incredible job, taking Etsy from a fringe digital shopping site to a household name in e-commerce over the last five-plus years.
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3 Stocks That Could Soar When Inflation Abates and Interest Rates Moderate