Unveiling the Best Stocks to Buy Ahead of Potential Rate Cuts: Prepare Your Portfolio for Success
The Federal Reserve’s decision to leave rates unchanged yesterday may have been expected, but the future remains uncertain. Market expectations for a September rate cut are high, and with current trends pointing towards at least two rate cuts by the end of the year, it’s crucial to prepare your portfolio for the changing economic landscape.
In this article, we’ll explore two stocks that are poised to benefit from the Fed’s potential rate-cutting cycle:
1. Qualcomm:
Qualcomm’s stock price surged over 8% after beating Q2 expectations. With revenue exceeding forecasts and a strong earnings per share, Qualcomm presents a potential buying opportunity. Furthermore, a year-over-year increase in processor and smartphone modem sales, along with technical analysis indicating a potential breakout, make Qualcomm a promising choice.
2. Mastercard:
Mastercard also surpassed expectations in revenue and earnings per share, continuing its streak of outperforming. With rising revenues and robust net earnings, Mastercard remains a stable option for portfolios. The company’s positive trend is supported by a quarter-on-quarter increase in payment transaction volume, and CEO Michael Miebach’s positive outlook further reinforces Mastercard’s potential.
As an investment manager, it’s essential to consider these factors when making investment decisions. By strategically adding these stocks to your portfolio, you can position yourself for success in the ever-changing financial landscape.
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