5 Beaten Down ETFs & Stocks To Buy Now
Zacks Investment Research | Aug 19, 2019 11:35PM ET
After three consecutive weekly losses, Wall Street has rebounded to start this week on rising hopes of monetary stimulus globally as well as renewed trade optimism. This is especially true as major central banks across the globe are taking steps to prop up the slowing economic growth that has eased global recession concerns and in turn given a boost to investor confidence once again.
Chinese central bank unveiled a key interest rate reform to lower borrowing costs for companies while the German government is ready to potentially free up 50 billion euros ($82 billion) of extra spending. The European Central Bank is expected to cut rates in September and resume a bond-buying program while the Federal Reserve might signal further rate cuts this year. In the rate cut stampede, Mexico was the latest to cut interest rates last week.
In the latest trade development, Washington extended a 90-day temporary license allowing China’s Huawei Technologies to continue doing business with U.S. firms (read: Original post
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