Still, he said, Mellon's stock should ultimately benefit from such a sale.
And the stock also benefited from its high dividend yield.
EBay's stock may have benefited in a similar way.
Still, analysts see a number of sectors and particular companies whose earnings and stock prices could benefit from the lower interest rates.
The stocks of two biotechnology companies could benefit from a cancer conference held this week in Houston.
The strong earnings report was not the only reason the company's stock benefited yesterday.
Financial stocks should also benefit, he said, noting that they have been resilient in recent months as investors try to anticipate the final rate increase.
The stocks have benefited from Cabot recommendations in recent months.
Secondary stocks did not benefit as much from the late rally.
But if instead it begins to appear that growth will continue at an acceptable level for a couple of years, those stocks could benefit.