Drop in inflation eases pressure on U.S. economy, creating favorable environment for tech stocks

From Nasdaq: 2024-06-21 08:39:00

The latest Analyst Blog highlights a drop in inflation in May, easing pressure on the U.S. economy. With consumer prices holding flat and producer prices declining, the Federal Reserve is expected to cut interest rates in September. This creates a favorable environment for tech stocks like Alphabet Inc., NVIDIA Corporation, and Micron Technology. Vistra Corp. and CenterPoint Energy are also good bets due to their capital-intensive nature and potential for growth. Analysts recommend investing in these stocks with Zacks Rank #1 (Strong Buy) or 2 (Buy) for maximum returns.



Read more at Nasdaq: The Zacks Analyst Blog Highlights Alphabet, NVIDIA, Micron Technology, Vistra and CenterPoint Energy