1 Unstoppable Stock to Buy Before Oct. 29 (It's Already Crushing Nvidia This Year)

The U.S. Federal Reserve cut the federal funds rate (overnight interest rate) three times in the closing months of 2024, and on Sept. 17, it delivered the first cut of 2025. The Fed is scheduled to host its next two-day policy meeting on Oct. 28 and 29, and based on the central bank's latest forecast, another cut is on the table. Wall Street appears to agree because the CME Group's FedWatch tool predicts a 92% chance of a reduction. The real estate sector is very sensitive to changes in interest rates. Rising rates can put the brakes on the housing market by constricting consumers' borrowing power, whereas falling rates typically drive a flurry of activity as mortgages become more attainable. Douglas Elliman (NYSE: DOUG) is the fifth-largest residential real estate brokerage company in the U.S., so it could experience a significant growth phase if interest rates continue trending lower. Douglas Elliman stock is already up 75% this year, crushing some of the best stocks in the high-growth artificial intelligence (AI) industry -- including Nvidia, which has returned just 36%. Here's why it might still be a great buy ahead of the Fed's next meeting.Continue readingWeiter zum vollständigen Artikel bei MotleyFool Weiter zum vollständigen Artikel bei MotleyFool