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StreetInsider.com Top Tickers, 8/9/2026
- S&P closes at record high as soft jobs report eases rate-hike concerns
- US suffers unexpected job losses in July, markets dial back rate hike expectations
- Brent climbs $1 on uncertainty over end to Iran war
- Atlassian results seen as 'game changer' for AI kills software worries
- The Trade Desk hit by Wall St downgrades after disappointing Q2 results, outlook
- Citi cuts Micron stock target, sees memory chip prices peaking in 2Q27
- S&P closes at record high as soft jobs report eases rate-hike concerns
- US suffers unexpected job losses in July, markets dial back rate hike expectations
- Atlassian results seen as 'game changer' for AI kills software worries
- Microsoft only US hyperscaler with positive free cash flow as AI capex bites
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Rate cuts plus soft landing should see bank stocks outperform, says Wells Fargo
August 29, 2024 10:02 AM EDTWells Fargo analysts believe that bank stocks are poised to outperform in the event of a soft landing combined with anticipated rate cuts, according to a recent note.
In a note to clients on Thursday, the firm emphasizes that historically, rate cuts without a recession have been favorable for bank stocks, particularly in the short term.
"Rate cuts with no recession (1995, 1998, 2019) result in bank stocks rallying," Wells Fargo wrote.
They observed that... More
