Which stocks immediately rose after the first rate cut by the Federal Reserve?
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The Federal Reserve just cut interest rates by half a percentage point, CNBC Pro has studied the best-performing stocks since the start of an easing cycle in 1984. Apple (AAPL) is the only tech giant, with historical data showing a median increase of about 16% three months after a rate cut. Western Digital (WDC) and Lam Research (LRCX) performed well after the rate cut, with gains of over 26% and 22% respectively. Supermarket chain Kroger (KR) and retail giant Target (TGT) also performed well, with increases of about 16% and 14% respectively
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