What happens to companies financed in the booming high-yield or “junk-bond” market on the off chance that U.S. inflation pegged at 7.9% in February soars to 10% and stays there? That’s a question Oleg...
Tag: BofA
Stock Surge Is a Bear-Market Trap With Curve Inverted, BofA Warns
(Bloomberg) — The 11% surge in U.S. stocks in the past two weeks has the hallmarks of a bear-market rally that might give way to deeper losses. Most Read from Bloomberg That’s the conclusion of ...
Should I buy Deutsche Bank shares after BoFa increased its target?
Deutsche Bank Aktiengesellschaft shares advanced 5% last week after the Bank of America upgraded Deutsche Bank to Neutral from Underperform. BoFa increased its target on Deutsche Bank Deutsche Bank en...
Goldman, BofA See Fed Going Big on Rate Hikes
Federal Reserve Chairman Jerome Powell made clear in a talk this week that he’s open to 50-basis point increases in interest rates, if necessary. The Fed is reacting to rampant inflation, with consume...
Investors are beginning to hoard cash on recession fears: BofA
Investors are starting to get very nervous about the market’s near-term direction, and it shows in their actions. “Russia/Ukraine drives fund manager cash levels to highest since April 202...
BofA says ‘There is no clear off-ramp’ for Russia and ‘it’s like catching a falling knife,’ issues dire prediction for global economy
The global economy is set to experience uncertainty, sky-high energy prices, and slowing growth as tough Russia sanctions put pressure on markets over the coming months, according to the global resear...
As investors forget ‘buy the dip’ and ‘buy the invasion’ instead, BofA warns we’re still close to a bear market
Russia’s military operations in Ukraine have some traders “buying the invasion,” but a Friday note from Bank of America Research says investors should beware the bear. Bear market, that is. Prices whi...
BofA Securities sees a 25% upside
Roblox Corporation (NYSE: RBLX) shareholders are not a happy lot at present, with the stock down nearly 50% from its high in mid-November 2021, but BofA Securities says a significant recovery could be...
Why Amazon will be top FANG for 2022: BofA
Amazon (AMZN) bulls may finally have a reason to smile — just like the company’s logo suggests — after a relatively ugly winter, according to a recent Bank of America (BAC) Global Research report. “We...
BofA Sees ‘Zero Capitulation’ as Stock Funds Take In $17 Billion
(Bloomberg) — The brutal selloff this week isn’t scaring investors from putting their money in the stock market. Most Read from Bloomberg In the week that pushed the S&P 500 Index to the ver...
Netflix price forecast: BofA Securities sees a 45% upside
Shares of Netflix Inc (NASDAQ: NFLX) have tanked more than 25% in two months, but Bank of America Securities says the stockholders are in for a treat in the coming months. Schindler explains why he’s ...
Solana Has Potential To Become ‘Visa of crypto’: BofA Analyst
Bank of America (BofA) digital asset strategist Alkesh Shah recently released a research note, in which he identified the Solana blockchain ecosystem’s potential to become the “Visa of cry...
BofA Securities sees upside to $340
Shares of Coinbase Global Inc (NASDAQ: COIN) have come down nearly 35% in two months, but BofA Securities says the days of downside are over for the cryptocurrency company. Coinbase upgraded to ‘buy’ ...
This biotech stock is a buy despite bearish view from BofA Securities
Regeneron Pharmaceuticals Inc (NASDAQ: REGN) was a notable beneficiary of the global pandemic that resulted in a 30% increase in its stock price last year. But BofA Securities warns 2022 will be a ver...