1 Stock Down 91% That Could Go Parabolic if the Fed Cuts Rates
One stock that could go parabolic if the Fed cuts rates is Upstart ( UPST 7.32%). Upstart's software is an alternative to FICO scores and is used primarily in personal and auto loans, two areas that haven't seen as much demand since interest rates rose.
"While we acknowledge risks of larger cuts at subsequent meetings, we think the Fed will start off with a 25bp cut next week, ...
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After ending the previous session little changed, stocks may move to the upside in early trading on Wednesday. The major index ...
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