|
Platinum price settles above the barrier – Forecast today – 25-9-2024
Platinum price ended yesterday by providing new positive close above 983.00$ barrier, confirming its preparation to activate the bullish attack again, also, the major indicators provide the positive momentum to increase the chances of targeting 995.00$ level soon, while surpassing it will extend trades towards 61.8% Fibonacci correction level at 1015.00$ direct.
The expected trading range for today is between 975.00$ and 1015.00$
Trend forecast: Bullish
10 Best Stocks to Benefit from Interest Rate Cuts and Profit in this Bull Market
Lowering Interest Rates and Their Impact on Stocks
It is now clear that we have entered a new era marked by a series of consecutive interest rate cuts by the Federal Reserve, which is almost certain.
For the first time since March 2020, the federal funds rate has been lowered by 0.5%, double what many economists had anticipated. Interestingly, this isn't the end of the story.
The Federal Reserve is expected to continue cutting rates throughout this year and into 2025, with the federal funds rate predicted to drop to 3.4% by the end of next year.
But how might stocks react during such a period?
In theory, lower interest rates should boost stock prices, as lower borrowing costs allow companies to retain more profits from their sales.
Additionally, rate cuts enhance the appeal of stocks compared to bonds, as bond yields decrease when bond prices rise (bond yields move inversely to bond prices).
This article will highlight the best sectors and stocks that might benefit from rate cuts, with the likelihood of further reductions this year and into 2025.
In a low-interest-rate environment, certain stocks and sectors that have underperformed might start to outshine the large-cap tech stocks that have been investor favorites in recent years.
Real Estate and REITs (Real Estate Investment Trusts)
The real estate sector and REITs stand to benefit the most from lower interest rates in two ways: companies often expand by purchasing and developing real estate through loans, while individuals are incentivized to buy homes due to lower mortgage costs.
Some of the best stocks in this area include:
- D.R. Horton, Inc. (DHI)
| Market Cap | PE Ratio | Current Stock Price | Analysts’ Avg. Price Target |
|---|---|---|---|
| $62.53 billion | 12.89 | $191.89 | $214.63 |
- National Storage Affiliates Trust (NSA)
| Market Cap | PE Ratio | Current Stock Price | Analysts’ Avg. Price Target |
|---|---|---|---|
| $3.69 billion | 29.39 | $48.57 | $57.14 |
- Realty Income Corporation (O)
| Market Cap | PE Ratio | Current Stock Price | Analysts’ Avg. Price Target |
|---|---|---|---|
| $53.67 billion | 57.89 | $61.53 | $63.90 |
Consumer Goods and Discretionary Goods Sector
The consumer goods and discretionary goods sectors also benefit from lower interest rates, especially when it comes to big-ticket items like cars and luxury goods.
- General Motors Company (GM)
| Market Cap | PE Ratio | Current Stock Price | Analysts’ Avg. Price Target |
|---|---|---|---|
| $54.94 billion | 5.55 | $48.88 | $54.57 |
- Honda Motor Co., Ltd. (HMC)
| Market Cap | PE Ratio | Current Stock Price | Analysts’ Avg. Price Target |
|---|---|---|---|
| $51.25 billion | 7.24 | $32.72 | $35.00 |
Energy Sector
Lower interest rates can help boost economic growth and raise crude oil prices, making the energy sector one of the best options in this environment.
- Exxon Mobil Corporation (XOM)
| Market Cap | PE Ratio | Current Stock Price | Analysts’ Avg. Price Target |
|---|---|---|---|
| $512.12 billion | 13.80 | $115.27 | $134.00 |
- ConocoPhillips (COP)
| Market Cap | PE Ratio | Current Stock Price | Analysts’ Avg. Price Target |
|---|---|---|---|
| $127.59 billion | 12.22 | $109.87 | $142.60 |
Healthcare Sector
The healthcare sector also benefits from lower interest rates as hospitals and healthcare companies can finance expansion projects and purchase medical equipment at lower costs.
- UnitedHealth Group Incorporated (UNH)
| Market Cap | PE Ratio | Current Stock Price | Analysts’ Avg. Price Target |
|---|---|---|---|
| $530.97 billion | 37.99 | $575.00 | $605.83 |
Best Brokerage Platforms for Stocks Benefiting from Lower Interest Rates
- Pepperstone, best brokerage company for stocks benefiting from lower interest rates. Trusted for beginners. Dubai license. Minimum deposit: 0$. 20% discount on trading.
- XM, best platform for stocks benefiting from lower interest rates. Provides educational material and copy trading. Dubai license. Minimum deposit: 5$. Regular competitions and financial prizes.
- Plus500, best licensed brokerage company for stocks CFDs benefiting from lower interest rates. Dubai license. Minimum deposit: 100$.
Copper price records the targets – Forecast today – 25-9-2024
Copper price formed new bullish rally yesterday, to achieve the previously suggested initial targets by reaching 4.5170$, to confirm moving to the bullish track that depends on 4.3200$ formation to major support base.
Stochastic reach to the overbought areas might force the price to provide some sideways trades until gathering the required additional positive momentum to resume recording the gains, to expect targeting 4.6420$ level soon, followed by reaching the next target at 4.6400$.
The expected trading range for today is between 4.4100$ and 4.6400$
Trend forecast: Bullish
Ethereum price (ETHUSD) keeps its positive stability – Forecast today - 25-09-2024
Ethereum price (ETHUSD) hovers around 2623.77$ level and keeps its stability above it, thus, no change to the expected bullish trend on the intraday basis, supported by the EMA50, which targets 2775.00$ followed by 2905.28$ levels as next main stations, noting that breaking 2623.77$ will stop the bullish trend and push the price to return to the main bearish track again.
The expected trading range for today is between 2530.00$ support and 2750.00$ resistance.
Trend forecast: Bullish