Published on 20 Aug 2024 on Insider Monkey · via Yahoo Finance
HCI Group, Inc. (HCI): One of Oppenheimer’s Top Stock Picks For the Next 12...
We recently compiled a list of the Oppenheimer's Favorite Stocks For Next 12 Months: Top 32 Stock Picks. In this article, we are going to take a look at where HCI Group, Inc. (NYSE:HCI) stands against Oppenheimer's other favorite stocks for the next 12 months.
The tail end of August is appearing to turn a fresh page for Wall Street. The highlight event of the month was the Federal Reserve's Jackson Hole Economic Summit, where Fed Chair Jerome Powell was expected to set the tone for the central bank's interest rate cut cycle. Powell didn't disappoint and commented that the "upside risks to inflation have diminished. And the downside risks to employment have increased" which leads him to conclude that the "time has come for policy to adjust. The direction of travel is clear, and the timing and pace of rate cuts will depend on incoming data, the evolving outlook, and the balance of risks."