2 Cheap Stocks That Could Benefit From Lower Rates
NUNu .(NU) Schaeffers Investment Research·2024-09-19 02:38

The Federal Reserve's long-awaited interest rate decision came in with the first cut in four years; 50 basis points. Redfin Corp (NASDAQ:RDFN) and Nu Holdings Ltd (NYSE:NU) both stand to benefit from the lower interest rate, so let's take a look at how these stocks are performing below.RDFN was last seen down 2.2% to trade at 13.91,brushingoffaprice−targethikefromPiperSandlerto13.91, brushing off a price-target hike from Piper Sandler to 7 from 4.Therealestatestock earlier scoreda52−weekhighof4. The real estate stock earlier scored a 52-week high of 14.75, after a steady climb higher from the shares ov ...