4 Discretionary Stocks to Buy on Rising Hopes of a September Rate Cut

Key Takeaways Powell hinted at a September rate cut, sparking a market rally and Dow record close.Inflation data came in lower than expected, boosting investor confidence.Disney, Netflix, Carnival, Boyd Gaming and Ralph Lauren show strong earnings growth.Wall Street has been on a rally over the past two months, as investors held their nerves and ignored concerns over the Federal Reserve’s plans with its monetary policy and the impact of tariffs on the economy.However, concerns over the next rate cut eased l ...