These companies are expected to benefit from lower interest rates over the long haul, according to analysts.
They include Western Alliance , Best Buy, Coca-Cola, Zillow , UPS and FedEx.
The analyst said he sees Best Buy as a key beneficiary of lower interest rates in several ways.
He noted that Best Buy continues to be a worthy competitor to e-commerce juggernaut Amazon, pointing to a recent pricing study the firm conducted.
Meanwhile, Best Buy shares remain undervalued compared to those of its peers in the sector, Chukumba added.
Persons:
Zillow, Jay McCanless, McCanless, Wells, Chris Carey, Carey, Coke bottlers, Morgan Stanley, Anthony Chukumba, Chukumba, FedEx — Goldman Sachs, — D.A, Davidson
Organizations:
Federal, CNBC, Western Alliance, UPS, FedEx, Software, —