Published on 14 Oct 2024 on Insider Monkey · via Yahoo Finance
Flexsteel Industries, Inc. (FLXS): Leading Cheap Stock in 2024
We recently published a list of 12 Best Performing Cheap Stocks in 2024. In this article, we are going to take a look at where Flexsteel Industries, Inc. (NASDAQ:FLXS) stands against other best performing cheap stocks in 2024.
As we step into the final quarter of 2024, the financial markets continue to navigate a complex terrain shaped by a mix of optimism and uncertainty. The latest jobs report for September came in stronger than expected, signaling resilience in the U.S. labor market and leading many investors to reassess their expectations regarding the Federal Reserve’s monetary policy. This report has led traders to largely eliminate the possibility of a more significant rate cut, now forecasting an 87% chance of a quarter-point reduction in the near future. Despite these concerns, analysts are generally optimistic about the broader market’s prospects as we head towards year-end, thanks to promising earnings growth and stabilizing economic indicators.