2 U.S. Stocks Rooting for a Fed Rate Hike
Motley Fool reveals why a rising rate environment might be good for these 2 companies.
Charles Schwab (SCHW) – If interest rates rise, money market mutual funds will get more income from their investments. The most immediate positive impact will be that SCHW and its peers will no longer have to offer costly subsidies to their customers. SCHW closed at USD88.990 yesterday.
Interactive Brokers (IBKR) – Shares of IBKR were also up almost in lockstep, rising between 5% and 6% yesterday. In addition to the amount of any rate increase, the discussion of the Fed's rationale for its decision will be critically important. IBKR closed at USD65.790 yesterday.
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