Buy 3 Internet-Centric Stocks for Stellar Returns Amid Rate Cut Hope

Last week, at the Jackson Hole Symposium, Fed Chairman Jerome Powell finally signaled that the much-awaited interest rate cut is around the corner. Although Powell did not say anything about the timing and magnitude of the rate cut, the CME FedWatch currently shows a 100% probability of 25-basis point cut in the benchmark lending rate in September. The interest rate derivative tool also shows a 65.3% chance of a full 1% rate cut in 2024.An interest rate cut will benefit growth stocks like technology. Here, ...