All finance news

These risky stocks got a Fed lifeline and could be due for a ‘big bounce,’ Jefferies says

0 4

(This story is for CNBC Pro subscribers only). 

The Federal Reserve's decision to possibly buy exchange-traded funds of high-yield bonds could give a much needed boost to companies with high debt levels, according to a new note from Jefferies.

"The Fed continues to fire their bazooka and this time it landed in a place that certainly needed help," the note said. "The high-yield market has been hammered along with those stocks that have higher leverage ratios but this all changed on Thursday."


Leave A Reply

Your email address will not be published.

two × five =