Boosting Holiday Cheer: 4 Stocks to Buy with Rising Rate Cut Hopes

Investors are optimistic about a potential rate cut by the Federal Reserve in December, boosting consumer stocks. Carnival Corporation, fuboTV, Ralph Lauren, and Roku are four stocks with positive earnings estimate revisions and a Zacks Rank of #2 (Buy), set for solid returns. Positive economic data, such as a decline in private payrolls and slower inflation, have lifted investor confidence and raised hopes of a rate cut. The Federal Reserve last cut interest rates in October, and investors believe the same reason will lead to another rate cut in December.