Morning Business Report: Ackman touts stocks as Fed signals no rate cut, NFL expands streaming deals
Billionaire hedge fund manager Bill Ackman says now may be a strong opportunity for investors.
(LILAMAX)- Billionaire hedge fund manager Bill Ackman says now may be a strong opportunity for investors, calling certain stocks “stupid cheap” and pointing to government-backed mortgage companies as having major upside. Ackman specifically highlighted Fannie Mae and Freddie Mac, saying they could deliver double-digit returns. Meanwhile, Jerome Powell signaled the Federal Reserve is not expected to cut interest rates at…