3 Funds to Buy as Consumer Sentiment Makes a Solid Rebound
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Aug 22 2024
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Source: NASDAQ.COM
Consumer Sentiment Recovery: U.S. consumer sentiment improved in August, rising to 67.8 from 66.4 in July, driven by easing inflation and expectations of Federal Reserve interest rate cuts, despite previous fears of recession.
Investment Recommendations: Analysts suggest investing in large-cap growth mutual funds like Fidelity Series Blue Chip Growth Fund, Janus Henderson Research A, and T. Rowe Price Lrg Cp Gr I, which are expected to benefit from anticipated rate cuts and have shown strong historical returns.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
