The stock market continues notching new all-time highs. Sentiment is running hot amid the Federal Reserve’s new interest rate cutting campaign. In theory, lower interest rates could help boost demand for credit and give a major boost to sectors like housing and automobiles.
Also, there is the perception that valuation ratios for stocks should expand as the cost of capital goes down. However, investors should still be prudent, as not all stocks and sectors will necessarily be able to support more generous valuations going forward. These five stocks to buy for October are all down year to date and stand out as more compelling values for investors looking to put money to work today.
This post originally appeared at U.S. News & World Report.