While the Fed's high interest rate regime hasn't done much to slow down the current bull market, investors still celebrated last week's historic interest rate cut from the Federal Open Market Committee (FOMC). The jumbo rate cut of 50 basis points is expected to benefit multiple sectors of the economy that rely heavily on short-term debt to finance their growth, such as real estate, clean energy, and startup growth companies across numerous industries. As the cost of debt declines in a lower interest rate environment, it's easier for companies to fuel their expansion plans, resulting in higher revenue and earnings over time.
One outperforming growth stock that could benefit from interest rate cuts is Carvana (CVNA). Let’s see if the stock is a good buy right now.
