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05.12.2024 00:00:00
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1 Growth Stock Down 93% to Buy Right Now
Real estate stocks have been feeling the heat of high interest rates for a few years already, but many of them are on the rebound, including stocks like Home Depot and Lowe's, as well as many real estate investment trusts (REITs).Many factors are influencing this trend. The main one is that the Federal Reserve cut its benchmark interest rate for the first time in four years, and there might be more cuts coming. The election of Donald Trump as president and the imminent arrival of his cabinet picks are others.But not all real estate stocks have been feeling the love. Opendoor Technologies (NASDAQ: OPEN) stock remains down 93% from its highs, although the iBuyer jumped last week after Trump named key members of his economic team.Continue readingWeiter zum vollständigen Artikel bei MotleyFool
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