Ares Capital: High Quality But Awaiting Better Entry (Downgrade)

LockieCurrieOverview I previously covered Ares Capital (NASDAQ:ARCC) in December 2023 with a Buy when there was an expectation that interest rates would come down soon. However, with the latest CPI report reinforcing the idea that the Fed will likely not begin cutting rates any time soon, I wanted to revisit one of my favorite Business Development Companies to provide an update outlook. Since my initial coverage back in December, ARCC has provided a total return that's slightly higher than the S&P 500 ( ...