Big winners after a rate cut | Wall Street’s next battleground? | Ryanair CEO rips Boeing

These stocks are winners when the Fed decides to start cutting rates.

VIEW IN BROWSER | SUBSCRIBE MON, JUL 29, 2019 EVENING BRIEF AS OF MON, JUL 29, 2019 • 04:00 ET DJIA 27218.71 +0.10% +26.26 S&P 500 3020.78 -0.17% -5.08 NASDAQ 8293.33 -0.44% -36.88   Most Active DOW NAME LAST CHG %CHG PFE 41.45 -1.64 -3.81% AAPL 209.68 +1.94 +0.93% INTC 52.51 +0.92 +1.78% S&P 500 NAME LAST CHG %CHG MYL 20.78 +2.32 +12.57% PFE 41.45 -1.64 -3.81% AMD 33.48 -0.54 -1.59% NASDAQ NAME LAST CHG %CHG MYL 20.78 +2.32 +12.57% AMD 33.48 -0.54 -1.59% SIRI 6.16 -0.06 -0.96% EDITOR'S NOTE Wall Street is laser-focused on the expected "insurance" rate cut this week, which would be the first reduction since the financial crisis by the Federal Reserve.    For traders looking to make the most of the easing cycle, CNBC's Yun Li looked at the top-performing sectors in the six months after the first Fed rate cut in each cycle going back to 1990. Based on the CNBC analysis using Kensho, a hedge fund analytics tool, materials and industrials both returned nearly 9% on average as cyclical sectors tend to react quickly to lower rates and expectations for them to jolt the economy. The consumer sector also did well, since lower borrowing costs tend to spur spending. The overall market climbs just over 4%, on average, in the six months after an initial cut. But if what's past is prologue, tech is one sector to avoid after a Fed rate reduction. The S&P 500 information technology sector has been flat even when the central bank embraced easy money. Noncyclical utilities didn't get much of a boost from past rate cuts, while communication services, health care and financials were also among the worst-performing sectors.    Meanwhile, investors have been moving to companies with more debt as they get ready for the expected interest rate cut. U.S. companies are on pace to break another record for share repurchases in 2019, using a combination of cash and debt to push the total to close to $1 trillion, CNBC's Jeff Cox writes, citing Goldman Sachs calculations.    Have friends or colleagues who might like this newsletter? Tell them they can sign up for CNBC's Evening Brief here. Kate Rooney | CNBC Markets Reporter @Kr00ney TOP NEWS  Stocks flat as investors temper trade expectations, await Fed decision Pfizer will combine its off-patent drug business with Mylan Wall Street's equities titans are in the midst of an expensive technological arms race. Here's why Companies are ramping up share buybacks, and they're increasingly using debt to do so Boeing better get its 's--- together,' Ryanair CEO warns as 737 Max grounding drags on Sen. Elizabeth Warren wants to dramatically rewrite the rules on negotiating trade deals Lyft stock drops on news that COO is leaving Former Fed Chair Janet Yellen says she's in favor of an interest rate cut JP Morgan downgrades Starbucks after 90% rally: 'Upside from here is limited' Facebook warns investors that Libra digital currency may never see the light of day   CNBC PRO RBC names Gilead a top biotech pick based on valuation     TOP VIDEO Cowen CEO: Inflation is not as low as advertised   SPECIAL REPORTS This is the biggest factor in the next leg of rally, and it's not the Fed, strategist says Buy these stocks since US consumer is 'best bet in the market right now,' says expert   Unsubscribe Manage Newsletters Terms of Service Join the CNBC Panel Digital Products Feedback Privacy Policy   © 2019 CNBC LLC. All rights reserved. A property of NBCUniversal. 900 Sylvan Avenue, Englewood Cliffs, NJ 07632 Data is a real-time snapshot *Data is delayed at least 15 minutes. Global Business and Financial News, Stock Quotes and Market Data and Analysis. Data also provided by THOMSON REUTERS