BofA

Bank of America Securities (BofA) has reaffirmed its Buy rating on Amazon.com Inc. (NASDAQ:AMZN) stock, maintaining a steady price target of $225.00. What Happened: BofA Securities has maintained its Buy rating on Amazon, even as the e-commerce giant continues to trade at an...

Procter & Gamble Co (NYSE:PG) shares are trading slightly higher on Thursday. Yesterday, the company reported second-quarter sales growth of 2% year-on-year to $21.9 billion, beating the analyst consensus estimate of $21.542 billion. Adjusted EPS of $1.88 beat the consensus estimate of $1....

SoFi Technologies Inc. (NASDAQ:SOFI) stock closed 2.81% lower at $15.57 apiece on Monday and fell further by 0.5% in premarket trading on Tuesday. This comes after Bank of America Securities downgraded the scrip due to valuation concerns. However, technical analysis based on the simple moving...

Bank of America has spotlighted three sectors that could benefit from the Federal Reserve’s rare dual approach of rate cuts and rising corporate profits. What Happened: Savita Subramanian, BofA’s head of U.S. equity and strategy, referred to this situation as a “rare double whammy...

Following a series of investor meetings with Nvidia Corp (NASDAQ:NVDA) executives, Bank of America on Wednesday reiterated its Street-high price target of $1,500 and reaffirmed the AI giant as a top sector pick. What To Know: BofA Securities analyst Vivek Arya maintained Nvidia with a Buy rating...

Bank of America Chief Investment Strategist Michael Hartnett has turned bullish on bonds for the second half of the year, while raising heightened risks of a stock market sell-off as investors bet on the first Fed interest rate cut. Hartnett, known for his bold contrarian market views, reiterated...

In a recent bullish forecast, Bank of America predicts a potential 19% surge in the S&P 500 by August 2025. What Happened: Stephen Suttmeier, Bank of America’s technical analyst, highlighted that the S&P 500 has demonstrated 12 straight months of positive year-over-year gains, from...

Global investors are pushing into higher risk strategies as rate cut expectations and forecasts for a less severe economic downturn raised the appetite for higher equity allocations in their portfolios. Despite signs of slowing economic growth in recent weeks, only a net 26% of investors polled in...

The current tech rally is expected to continue into 2024 and global fund managers increased the weightings in their portfolios of large U.S. and Japanese tech stocks in November. Bank of America‘s Global Fund Manager Survey for November, published on Tuesday, showed institutional investors...

As the second half of 2023 unfolds, the U.S. tech sector finds itself at a crossroads, with potential trouble on the horizon, according to a recent assessment by Bank of America’s Chief Investment Strategist, Michael Hartnett. In his latest report, “The Flow Show,” Hartnett...

Amazon.com Inc, (NASDAQ:AMZN) is set for its annual Prime Day event, with CEO Andy Jassy promising a shopping spree unlike any the Seattle-based company has hosted. Scheduled to run from 3 a.m. ET on July 11 to the same time on July 12, the retail rush promises “more deals than any past Prime...

This week in the economic and political landscape was marked by significant challenges, strategic warnings, and potential conflicts. From McCarthy’s challenge to prevent a government shutdown to China’s default on debt to U.S. bondholders, let’s delve into the details. McCarthy...

As fears of a recession continue to loom large, professional stock pickers are reportedly shifting money from economically sensitive shares like banks and are parking it in stocks that are considered resilient during economic downturns, such as utilities and consumer staples. What Happened: Bank of...

Alphabet, Inc. (NASDAQ: GOOG) (NASDAQ: GOOGL) will release its first-quarter financial results on Tuesday, April 25, after the market close.  Five Things To Know Ahead of Alphabet's Q1 Earnings Report The Wall Street analysts' consensus predicts earnings per share of $1.08...

A structurally higher inflation is currently being "locked in" by central banks, which will force the stock market to re-adjust to a new inflation-interest rate regime over the coming years, said Michael Hartnett, chief investment strategist at Bank of America Securities.  In...