Home Builder Stocks Rise. It’s a Sigh of Relief After Fed Cut Rates.
The 10-year Treasury yield, which informs the direction of mortgage rates, was heading lower after the Fed’s rate cut.
The 10-year Treasury yield, which informs the direction of mortgage rates, was heading lower after the Fed’s rate cut.
The best-performing stock on this list is up just 4% this year. Investors may be undervaluing these companies’ growth opportunities.
Here is how Roku (ROKU) and Super Group (SGHC) Limited (SGHC) have performed compared to their sector so far this year.
US stocks opened mixed on Thursday as Oracle’s troubling earnings report spooked investors despite the Federal Reserve’s dovish rate cut just a day earlier. The S&P 500 fell 0.3%, unable to hold Wednesday’s momentum near record highs, while the tech-heavy Nasdaq Composite retreated 0.7%, reflecting broader concerns about AI spending sustainability.
Here is how Cronos Group (CRON) and Castle Biosciences, Inc. (CSTL) have performed compared to their sector so far this year.