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Looking for the best stocks to buy after the Fed raised interest rates? The Fed just made its move, and Wall Street is panicking over retail stocks... but the real data on consumer spending tells a very different story. Andy Swan with TradeSmith joins Bridget Bennett to break down why the sell-off is way overdone, and why the top 10% of spenders are still driving strong demand across the economy even with rates moving higher.
Andy walks through three stocks he's buying on this dip right now, using TradeSmith's real-time consumer data instead of Wall Street sentiment to make the case. He also explains why institutional buying patterns are lining up with what the data is already showing, and why this could be one of the best buying opportunities in retail stocks this year.
Video Chapters:
00:00 Introduction
00:46 What the Fed's Decision Means for Consumers
04:44 Why Wall Street's Fears Are Overblown
08:38 Stock 1
14:57 Stock 2
23:14 Stock 3
Bridget Bennett, Host
Digital Media Producer, MarketBeat
Always the talker, Bridget Bennett turned her passion for people and sharing stories into a career in communications. She started working as a journalist in high school at her local county paper in Ellendale, North Dakota. After moving to Dallas for college at Southern Methodist University, she quickly fell in love with visual storytelling and started her career as a news anchor and reporter.
Bridget brings her 12 years of experience in broadcast writing and video production to the MarketBeat content team. She's also an energetic, creative thinker and lifelong learner, so she's always bringing new ideas. Bridget is thrilled to be part of an innovative team that is constantly looking to create useful content people can connect with.
When she's not working, Bridget is a busy mom of three and can be found at just about every activity or outing in town. She is also an adoption and foster care advocate and helps support foster children and families through her nonprofit volunteer work. She and her husband, Jason, grew up together and have spent their lives exploring the world through travel, hiking and ministry.
Andy Swan, Guest
Co-Founder, LikeFolio
Andy Swan is the co-founder of LikeFolio and a pioneer in using real-time consumer data to get ahead of market-moving trends. Through MegaTrends, he uses the Social Heat Score—a proprietary signal that tracks millions of consumer data points to measure whether demand is rising or falling—to help investors spot opportunities early, before Wall Street fully catches on.
