Inflation Cools in June, Triggers Spike in Laggard ETFs
Written by Emily J. Thompson, Senior Investment Analyst
Source: NASDAQ.COM
- Inflation Data and Market Response: Inflation in the United States eased in June, leading to expectations of rate cuts by the Fed in September. This resulted in a surge in small-cap stocks and sectors like real estate and banking.
- Impact of Rate Cuts on Sectors: Lower interest rates are expected to benefit sectors like utilities, real estate, telecom, consumer discretionary, and financial services. Reduced borrowing costs can lead to increased profitability and consumer spending in these sectors.
Analyst Views on KRE
Wall Street analysts forecast KRE stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for KRE is USD with a low forecast of USD and a high forecast of USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
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Current: 70.080
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Current: 70.080
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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.
