9 stocks that can benefit from Fed interest rate cuts

Stanley Black & Decker power drills are displayed for sale at a Home Depot store in Colma, California.

David Paul Morris | Bloomberg | Getty Images

The S&P 500 and Nasdaq extended their record rallies this week following cooler-than-expected consumer inflation data Wednesday morning. While Fed rate cuts would likely benefit the overall stock market, several names in the CNBC Investing Club portfolio — from housing plays to autos to biotech — could really get a boost.

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