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Ellerbroek: MSFT "Cheaper Than" XOM, Other Stocks to Watch in Relief Rally
Description
Despite a "fragile truce" in the U.S.-Iran ceasefire, Jed Ellerbroek sees Wednesday's relief rally as important after a market that's experienced a lot of chop. He outlines his expectations for a turnaround in Big Tech stocks, including Amazon (AMZN) and Microsoft (MSFT), the latter of which he says is "cheaper than Exxon Mobil (XOM)." Jed turns to other names he sees as resilient should volatility reemerge. He later weighs housing market woes against the FOMC's interest rate path.
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