The Federal Reserve is expected to make its first rate cut in just a few short hours, so CNBC Pro took a look at what stocks historically do best immediately after the start of an easing cycle.
CNBC Pro searched for the stocks set to gain the most following a Fed rate cut, using data from prior easing cycles going back to 1984.
Historically, Apple is up about 16% on a median basis three months after an initial cut from the Fed.
Technology names tended to do well immediately after a Fed rate cut, with digital storage company Western Digital the top-performing stock, and semiconductor equipment company Lam Research the second-best performing one.
Three months after a Fed rate cut, Western Digital gained more than 26% on a median basis, while Lam Research advanced more than 22%.
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Federal, CNBC Pro, Dow Jones, Apple, Western Digital, Lam Research, Kroger