(Bloomberg) — Investors slashed their exposure to risk assets to levels not seen even during the global financial crisis in a sign of full capitulation amid a “dire” economic outlook, according ...
Tag: BofA
BofA Sees Risk of ‘Proper Capitulation’ If Earnings Disappoint
(Bloomberg) — US stocks could be in for more declines as the risk of a hard recession and a stronger dollar rises in the second half of the year, according to Bank of America Corp. strategists. ...
BofA says Apple’s earnings power will not take a major hit
Recession talk is dominating the airways as surging prices are hitting almost every part of the economy with rising interest rates and, as it seems, global instability. With these issues on the mind o...
BofA ‘Bull & Bear’ indicator hints at further extreme bearishness
The S&P 500 entered a bear market officially on June 13, making it the 20th bear market the index has experienced in the past 140 years. Meanwhile, the financial market sentiment indicator dubbed...
BofA Says Recession Fears Prompt Investors to Dump Stocks Again
(Bloomberg) — Investors are hoarding cash and hiding in US Treasuries as they dump equities amid fears that the US economy is headed for a recession. Most Read from Bloomberg Nearly $63 billion ...
PLTR Stock May Have ‘Opportunity’ In Facial Recognition Oversight, Says BofA
Palantir Technologies (PLTR) may benefit if the federal government steps up oversight of data collected from facial recognition technology systems, an analyst said Tuesday. PLTR stock surged as the Na...
Bed Bath & Beyond’s liquidity ‘circles the drain,’ BofA warns
Bed Bath & Beyond could be swirling toward extinction as it confronts the problem of weakening liquidity with sales and profits under severe pressure, Bank of America (BofA) warned in a new note. ...
BofA Says Brace for Recession Shock After Worst Rout in 52 Years
(Bloomberg) — A “recession shock” begins for markets following the worst first-half for the S&P 500 in more than 50 years, Bank of America Corp.’s Chief Investment Strategist Michael Hartnet...
Crypto Winter Brings More Layoffs as BofA Sees Deep Freeze Avoided
Crypto and equity markets have rallied over the past week after U.S. Federal Reserve Chair Jerome Powell signaled a softened stance on rate increases. Powell said the agency’s commitment to reining in...
Morgan Stanley, BofA raise dividends after the 2022 bank stress test
The Federal Reserve (Fed) board undertook its annual bank stress test on June 23, 2022, which shows if banks have strong capital levels. The test results showed that banks continue to have strong capi...
Morgan Stanley, BofA Send Money Back to Shareholders After Stress Tests
(Bloomberg) — Morgan Stanley and Goldman Sachs Group Inc. led the way as US banks boosted dividends and share buybacks in response to their success in clearing this year’s stress tests. JPMorgan...
History says the next bull market is just months away, and it could carry the S&P 500 to the 6,000 level, according to Bank of America
When it comes to bear markets, investors can take comfort from history, which suggests that where there’s a beginning, there’s always an end. And according to Bank of America, investors have only got ...
‘We’re in technical recession, but just don’t realize it’: Bank of America sees more ‘shocks’ to come
The shocks aren’t over. Get ready. That’s the timely Friday advice of Bank of America, delivered hours before worse-than-expected U.S. inflation data knocked the wind out of Wall Street and left inves...
Home affordability has ‘collapsed’ in 2022. What to expect next, according to BofA
The double whammy of surging mortgage rates and skyrocketing home prices has led to “collapsed” housing affordability in America, according to Chris Flanagan’s team at BofA Global Research. The situat...
These Two Telecom Stocks are Buys, According to BofA
With the broad equity market under pressure in recent months, telecommunications stocks might offer a safe haven. “Telecom stocks looked boring when markets were willing to pay anything for growth sto...
BofA Picks Nvidia As Top Pick; Expresses Bullishness On Marvell, AMD, ON Semiconductor
Motley Fool If You Invested $10,000 in Nvidia 10 Years Ago, This Is How Much You Would Have Today As an established leader in the technology sector, Nvidia (NASDAQ: NVDA) has a long history of strong ...
Nvidia’s ‘transformation’ is ‘underappreciated,’ BofA analysts say
Chip designer NVIDIA (NVDA) Corp. disappointed on guidance in their latest earnings report, but there was a lot in the update that Bank of America (BofA) analysts liked. “Our positive view on Nv...
British Pound Risks Crisis Usually Seen in Emerging Markets, BofA Warns
(Bloomberg) — Most Read from Bloomberg Investors should hedge for an “existential” sterling crisis as the British currency faces struggles usually seen in emerging markets, according to Bank of ...
How can I stop the pain and make money in this nightmarish market? BofA says this is the ‘best hope’ for bulls in 2022
The market is in full panic mode. The S&P 500 is down 18% year to date. The Nasdaq is down a staggering 27%. And even the Dow Jones — made up of the 30 most prominent publicly-traded companies — i...
BofA Strategists Say Investor Exodus Signals ‘True Capitulation’
(Bloomberg) — Money is leaving every asset class and the exodus is deepening as investors rush out of names like Apple Inc., according to Bank of America Corp. strategists. Most Read from Bloomb...
Boeing’s 13 problems management isn’t fully recognizing: BofA
American aerospace giant Boeing (BA) reported Q1 2022 earnings that missed expectations last week, further adding to its stock’s decline, which has been on a downtrend since mid-2021 peaks. According ...
BofA Strategists Cut S&P 500 Projection
The S&P 500 has dropped 13% so far this year, and many experts are turning more bearish toward stocks. Bank of America strategists led by Savita Subramanian list some of the unanticipated negative...
Deere’s stock sinks toward 5th-straight loss after BofA downgrade on order concerns
Shares of Deere & Co. DE, -4.48% dropped 4.6% in morning trading Monday, putting them on track for a fifth-straight loss, after BofA Securities downgraded the agricultural and construction equipme...
BofA: Outflow from Stock Funds ‘Just Starting’
Stocks have struggled so far this year, with the S&P 500 losing 10%. Commentary from Bank of America strategists indicates more losses may be on the way. Global equity funds saw on outflow of $17....
BofA Strategists See U.S. Equity Outflows Just Getting Started
(Bloomberg) — Massive outflows from U.S. equity funds are just getting started as the Federal Reserve ramps up its hawkish rhetoric, according to Bank of America Corp. strategists. Most Read fro...
BofA stock is oversold. Should you buy ahead of earnings
Bank of America Corp. (NYSE:BAC) stock traded at a low of $37 on April 14, the day most of its peers reported financial earnings for Q1 2022. The earnings of the banks that included Morgan Stanley, Go...
Here’s Why BofA Views Nvidia As Leading Growth Company In Semis
TheStreet.com AT&T Isn’t Calling My Name, But I Have a Trade Idea On Friday, AT&T and Discovery closed the $43B “Reverse Morris Trust” deal that turned their media operations...
BofA Downgrades UPS, Eight Other Transport Stocks
Fundamentals in the transportation market are deteriorating, and that’s led Bank of America to downgrade nine of the 28 stocks it covers in the sector. Freight-market signals “have turned ...
BofA Securities just downgraded this transportation stock
Shares of United Parcel Service Inc (NYSE: UPS) are down nearly 20% from their high in early February, and the future doesn’t look too bright for the shipping company either, as per Bank of Amer...
Why Crypto Could Be Lifesaver In Recession Shock, BofA Warns
Per a Reuters report, Bank of America (BofA) Chief Investment Strategist Michael Harnett has warned the U.S. public about a potential economic recession and crypto as a possible safe haven. In a note ...
Palantir Technologies Stock Gains on Buy Rating From BofA
Text size Palantir stock has lost about half of its value so far this year. Dreamstime Palantir Technologies shares got a boost as BofA Global Research analyst Mariana Perez Mora began coverage of the...