BofA

A chorus of top Wall Street analysts expect more slowdowns in inflation in the coming months following the release of the CPI data in March, owing to substantial falls in the shelter component that accounts for roughly one-third of the basket.  Mark Zandi, chief economist at Moody...

Goldman Sachs economists no longer expect the Federal Reserve to hike interest rates in June, according to a report that cited a research note published on Wednesday. What Happened: “We have taken out the June hike in part because the limited data available so far appear to confirm that...

"Ain't nothing more dangerous than a bear at the end of a bear market," Bank of America investment strategist Michael Hartnett said about the stock market in his latest "The Flow Show" report.  The analyst stated the stock market will attempt...

Money market funds will witness the next bubble as investors flee to cash and buy safe short-term Treasuries, Bank of America (NYSE: BAC) investment strategist Michael Hartnett predicted in his latest 'The Flow Show'. Assets under management in money market funds have now surged...

Target Corp (NYSE: TGT) missed the mark on earnings, but analysts have their sights set on the longer-term story.  What Happened: Target shares tanked Wednesday morning after the retailer reported weak earnings results and lowered its outlook.  "In the latter weeks of the...

BofA has stopped flipping through channels and tuned into Netflix Inc (NASDAQ: NFLX), anticipating a rerun of $370 per share.   What To Know: BofA Securities analysts reinstated Netflix with a Buy rating on Tuesday and announced a $...

Marijuana stocks spiked following President Joe Biden's announcement that he would pardon those convicted of simple marijuana possession at a federal level. However, BofA Securities' analysts Lisa K. Lewandowski and Bryan D. Spillane are recommending that investors not...

By Christina Hunt-Fuhr Recent Consumer Financial Protection Bureau (CFPB) and Office of the Comptroller of the Currency (OCC) enforcement actions against Bank of America (NYSE: BAC) might seem narrow in scope due to their specificity, but their implications are broad.  The actions highlight...

Canopy Growth Corporation (NASDAQ: CGC) entered into an additional privately negotiated exchange agreement on Friday with a holder of the company's outstanding 4.25% unsecured senior notes due in 2023, to acquire approximately CA$7.25 million ($5.6 million) aggregate...

The Financial Select Sector SPDR Fund (ARCA: XLF) was featured as the call of the day Tuesday on CNBC's "Fast Money Halftime Report." What Happened: BofA told clients to buy the financials in a new note on Tuesday. The analyst firm highlighted the correlation...

The Walt Disney Co (NYSE: DIS) was featured as the call of the day Monday on CNBC's "Fast Money Halftime Report." What Happened: BofA added Disney to its US-1 list with a Buy rating and a $191 price target.  "We think they are right in line," Gilman Hill Asset...

Year-to-date, Canopy Growth (NASDAQ: CGC) stock lost 68.45%, compared to AdvisorShares Pure Cannabis ETF (ARCA: YOLO) that went down 33.94%, and SPDR S&P 500 (ARCA: SPY) gaining 21.83%.  Just last week the Canadian cannabis giant confirmed it is divesting its...

Earlier this month, Canopy Growth Corporation (NASDAQ: CGC) (TSX: WEED) revealed a $CA16.3 million ($13.08 million) net loss in the second quarter of fiscal 2022 and a CA$77 million wider loss in EBITDA, versus the same period of last year. Moreover, the company pushed out a positive Adjusted...

Cannabis company Cronos Group Inc. (NASDAQ: CRON) announced last week that it had to delay filing third-quarter earnings due to pending impairment charges for its U.S. CBD activities.  The Toronto-based company was unable to file its quarterly report saying that...

A Bank of America survey indicated that a quarter of fund managers expect Bitcoin (CRYPTO: BTC) prices to exceed $75,000 in a year. What Happened: One-fourth of the polled fund managers expect the apex coin to rise above the $75,000 level in 12 months, while 20% think it will be rangebound between...