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4 Communication Services Stocks to Buy on Fed Rate Cuts
NFLXNetflix(NFLX) ZACKS·2024-10-29 13:11

Sectors that generally survive market volatility relatively unscathed do so by cutting costs and maintaining strong balance sheets. Also, with Fed rate cuts starting with a 50 basis point cut already announced from the September meeting, these sectors have only upsides in the offing. At least another rate cut announcement is expected in November. In such an environment, mega-cap growth stocks like tech and communication services seem lucrative because of their current undervaluation.Communication Services h ...