Fri, Sep 8, 2023 2:54 PM
Trent, IDFC First Bank among 11 stocks that could double in 3 years: DAM
A Flip by Shubhangi Gupta
Super Micro Computer (NASDAQ: SMCI) stock has been a market darling over the last year. But that led to pretty high expectations heading into its most recent earnings report. While the report was solid in many ways, investors seemed to think the stock price had run too far, too fast, ahead of the report. Supermicro stock plunged after the quarterly report and is lower for the week by about 8%.
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The Federal Reserve’s slowed path toward cutting interest rates offers an extended chance to lock in attractive yields for longer and investors should “right-size” their allocation to bonds over stocks, according to Vanguard Group Inc. Policymakers left interest rates unchanged on Wednesday and Fed Chair Jerome Powell kept hopes alive for an interest-rate cut this year.
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Wall Street analysts see a double-digit upside potential for the S&P 500’s biggest losers this year: real estate stocks. All that may be needed to turn the group’s fortunes around, say investors and analysts, is firmer conviction that long-term borrowing costs have plateaued and will head lower. That notion got a boost on Friday after Treasury yields tumbled.
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