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Happy Thursday! The market is absolutely ripping after selling off yesterday following the Fed’s decision to cut interest rates by .5%. And while rate cuts can often be a good sign for the overall market, certain names are set to benefit more than others. Plus, why one analyst is bullish on Apple despite weak iPhone 16 preorders.

—Aaron Bry

Plus, looking for the best place to trade options? Click here.

MARKET SNAPSHOT

Yesterday: The Fed cut rates and stocks sold off. Then, overnight, the S&P 500 ripped higher to new all-time highs. Hey, who said this trading thing was easy?

On Our Radar: FedEx earnings are out after the close tonight, which some investors believe can be a barometer for the overall economy. Plus, jobless claims came in lower than expected this morning.

TOP STORY

Bank Stocks Hit Inflection Point After Fed's 50 Basis Point Cut, Analyst Reveals Top Picks

Basically: The Federal Reserve's decision to reduce interest rates by 50 basis points on Wednesday has set the stage for a notable shift, particularly in the banking sector among mid- and small-cap banks.

So: With rates expected to drop further over the next two years, JPMorgan analyst Steven Alexopoulos believes this marks a crucial inflection point. Here are the names Alexopoulos likes following the Fed’s shift.

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FIVE ZINGERS

If You Build It, They Will Com: Lennar reports earnings after the bell today. Here’s what analysts are saying about the homebuilder.

Cramer’s Calls: Jim Cramer is bullish on this utilities stock, and believes that Wells Fargo is a buy after the Fed’s interest rate cut.

Buy The Dip?: Chinese stocks have lagged the overall market. But is now finally the time to buy the dip?

Today’s The Day: Today’s the last day of the lock-up period for $DJT insiders. Here’s what it means for the stock.

Your Chance At $30k Risk-Free: Benzinga's World Championship of Trading is about to take off, and all you have to do is sign up and paper trade for your chance at the prizes.

ONE FOR THE ROAD

Apple Analyst Shrugs Off Lukewarm Early iPhone 16 Demand Trends

Basically: Apple, Inc. shares came under pressure following commentary about demand immediately after pre-orders began but a bullish analyst explained on Wednesday why the early trends should not be a cause for worry.

The Apple Analyst: Morgan Stanley analyst Erik Woodring has an Overweight rating and a $273 price target for Apple. Here’s why Woodring is bullish on Apple despite the weaker-than-expected iPhone 16 orders.

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