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Large-cap stocks are known for their staying power and ability to weather market storms better than smaller competitors. However, their sheer size makes it more challenging to maintain high growth rates as they’ve already captured significant portions of their markets.
A number of stocks fell in the afternoon session after the Federal Reserve delivered its first rate hike in more than three years and Chair Kevin Warsh stressed that inflation risks remain elevated. According to CNBC, the Fed unanimously raised the overnight funds rate by a quarter point to a 3.75%–4% target range and signaled another hike could come this year. Stocks initially absorbed the widely expected move, then sold off during Warsh’s press conference as he said inflation is “too high, and
The PNC Financial Services Group has trailed behind the financials sector’s returns over the past three months, and analysts are moderately upbeat about the stock.
U.S. Bancorp has lagged behind the Nasdaq Composite over the past year, and analysts remain moderately bullish about the stock’s outlook.
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