These Dow stocks — including Goldman — win big when rates rise

Stephen Lam | Reuters

Tim Cook, CEO of Apple, smiles during a demonstration of the newly released Apple products following the launch event at the Steve Jobs Theater in Cupertino, California, September 12, 2018.

Interest rates are surging with the benchmark U.S. 10-year Treasury note yield hitting levels not seen in several years on Wednesday.

If rates keep rising over the next three months, buying shares of Dow Jones Industrial Average stocks Goldman Sachs, Microsoft, Visa and Apple could be profitable trades.

Those four stocks returned more than 11 percent on average during three-month periods when rates were surging, according to the Kensho data.

Rising rates usually coincide with periods of booming economic growth, which is beneficial for financial and technology companies.

Disclosure: NBCUniversal was a minority investor in Kensho prior to the firm being acquired by S&P.

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