4 Large-Cap Tech Stocks to Grab Now as December Rate Cut Hopes Brighten

Core Insights - Wall Street has rebounded after a period of volatility, with tech stocks leading the rally as investors anticipate a potential interest rate cut by the Federal Reserve in December [1][3][8] Economic Data - Positive economic data has improved investor sentiment, with the producer price index (PPI) rising less than expected in October, indicating slowing inflation [5][6] - The PPI rose 0.3% sequentially in September, with year-over-year increases of 2.7% for PPI and 2.6% for core PPI [6][7] - Retail sales increased by 0.2% sequentially in September, although below the expected 0.4% rise, suggesting a positive outlook for the retail sector ahead of the holiday season [7] Tech Stocks Recommendations - Four large-cap tech stocks are recommended for investment: Amazon.com, Inc. (AMZN), NVIDIA Corporation (NVDA), Palantir Technologies Inc. (PLTR), and Micron Technology, Inc. (MU), all showing strong potential for growth [2][4] - Each of these stocks has a Zacks Rank of 1 (Strong Buy) or 2, indicating strong earnings growth expectations [2][10][12][14][16] Company Highlights - Amazon.com, Inc. (AMZN): Expected earnings growth rate of 29.7% for the current year, with a Zacks Consensus Estimate improvement of 4.8% over the last 60 days [10] - NVIDIA Corporation (NVDA): Expected earnings growth rate of 54.5% for the current year, with a Zacks Consensus Estimate improvement of 3.8% over the last 60 days [12] - Palantir Technologies Inc. (PLTR): Expected earnings growth rate of 78.1% for the current year, with a Zacks Consensus Estimate improvement of 10.6% over the last 60 days [14] - Micron Technology, Inc. (MU): Expected earnings growth rate of over 100% for the current year, with a Zacks Consensus Estimate improvement of 5.9% over the last 60 days [16]