Key Takeaways The Fed cut rates by 25 bps and hinted at two more reductions this year.Lower borrowing costs are expected to lift consumer discretionary sectors.BYD, NCLH, RL, HAS and LOPE show strong earnings growth estimates and upgrades.Wall Street resumed its rally on Thursday, a day after the Federal Reserve announced a quarter percentage point rate cut. The Dow and the Nasdaq closed at fresh record highs, with investors regaining their confidence as they await more rate cuts this year.Inflation has eas ...