Rate Hike Looms: Stocks to Watch Amid Fed Uncertainty

The Federal Reserve's (Fed) next move is uncertain, but there's a 57.7% chance of a rate hike in October, according to CME Group's FedWatch estimates.

This uncertainty may keep some investors on the sidelines, but for those willing to take calculated risks, certain stocks are likely to benefit from rising interest rates.

UnitedHealth Group (UNH) is one such stock. As healthcare costs continue to rise, Americans will need health insurance more than ever, making UnitedHealth's turnaround a promising sign for investors.

JPMorgan Chase (JPM), the world's largest bank by market cap, also stands to benefit from higher rates, as they boost net interest income, the spread between what banks charge borrowers and what they pay depositors.