Reported 23 days ago
Despite consumer staples like Walmart and Costco performing well recently, CFRA Research's Arun Sundaram has rated the sector as Underweight, arguing that cyclical sectors are more likely to experience long-term growth as the Federal Reserve approaches rate cuts. Sundaram notes that while defensive sectors typically do well in September, the current economic landscape may lead to varied outcomes for companies in the space.
Source: YAHOO