“ ‘We are likely to see some downward revisions [to earnings] and our forecast for profits growth for 2023 is $200 for the S&P 500. That would mean about a 10% decline in earnings peak to trough.’...
Tag: Subramanian
BofA’s Subramanian Echoes Yogi Berra’s Advice of Avoiding Crowds
(Bloomberg) — Yogi Berra once said of a restaurant that “no one goes there anymore. It’s too crowded.” Bank of America Corp. strategist Savita Subramanian has a similar warning for stock investo...
BofA’s Subramanian Says Wall Street Hasn’t Fully Capitulated Yet
(Bloomberg) — US equity sentiment held steady in September even as the S&P 500 Index suffered its worst monthly drop since the depths of the coronavirus pandemic in March 2020, according to ...
US Stock Market Has Yet to Find a Bottom, Bank of America’s Subramanian Says
(Bloomberg) — The S&P 500 Index still hasn’t bottomed yet despite its 7% plunge over the last three weeks, according to a group of strategists at Bank of America Corp. led by Savita Subraman...
BofA’s Subramanian just slashed her S&P price target to 3,600. But here’s what she likes for healthy cash return and inflation protection
The biggest bear on Wall Street: BofA’s Subramanian just slashed her S&P price target to 3,600. But here’s what she likes for healthy cash return and inflation protection With the market trading s...
Volatility to shock investors in messy market: BofA’s Subramanian says
Investors should proceed with caution, according to BofA Securities’ Savita Subramanian. Even though February kicked off on a strong note, she warned on CNBC’s “Fast Money” a m...