3 Power Stocks Ready to Ride the Market's Upward Wave

On February 4, CBS’ 60 Minutes broadcast Federal Reserve Chair Jerome Powell saying that the Fed members “want some more confidence before” cutting rates. As a result, stocks fell sharply on Feb. 5. But, as I noted in a previous column, Powell also said on Jan. 31 that “if the economy evolves broadly as expected, it will likely be appropriate to begin dialing back policy restraint at some point this year.” So it seems that rate cuts may be delayed, but they almost certainly will occur later this year. This ...