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Why This Best Buy Analyst Is Dropping Their Bullish Stance During Holiday Shopping Season
Wednesday, December 14, 2022 - 1:41pm | 200Best Buy Co Inc (NYSE: BBY)'s earnings growth is likely to remain stunted in the near- and medium-term due to a challenging macroenvironment, according to BofA Securities. The Best Buy Analyst: Elizabeth Suzuki downgraded Best Buy from Neutral to Underperform while reducing the price...
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As Spending Habits Shift, BofA Upgrades Tractor Supply But Downgrades Best Buy
Tuesday, June 14, 2022 - 11:16am | 380U.S. consumers are shifting their spending habits by prioritizing essential items over discretionary items, according to BofA Securities. The trend has inspired the firm to downgrade the rating for Best Buy Co. Inc. (NYSE: BBY), which — like most department stores — offers...
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7 Best Dow Jones Stocks To Buy
Monday, June 6, 2022 - 12:57pm | 1034During periods of stock market volatility and economic uncertainty, it's reasonable for investors to want to take a more defensive approach with their portfolios. Reliable, dependable and predictable blue-chip stocks with solid balance sheets and profitable businesses can be excellent safe...
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The 'Sticky' Challenges Driving This Joann Analyst's Downgrade
Friday, June 3, 2022 - 4:24pm | 219Joann Inc. (NASDAQ: JOAN) reported disappointing results and its first-quarter print indicated that some challenges are likely to be “sticky,” according to BofA Securities. The Joann Analyst: Elizabeth Suzuki downgraded the rating for Joann from Buy to Neutral while reducing the...
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7 Dividend Stocks To Buy That Analysts Love: AT&T, Best Buy And More
Monday, May 23, 2022 - 5:49pm | 1055The S&P 500 has slumped to open 2022, and rising interest rates could further pressure stock valuations in coming months. Whether the market is up, down or sideways, dividends are one steady, reliable source of income for investors, but dividends are only as reliable as the companies that pay...
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BofA Upgrades O'Reilly After A Relook At Q1 Print
Tuesday, May 10, 2022 - 11:42am | 257O'Reilly Automotive Inc (NASDAQ: ORLY) is a defensive auto-parts retailer whose stock has moved significantly lower, according to BofA Securities. The O'Reilly Automotive Analyst: Elizabeth Suzuki upgraded the rating for O’Reilly Automotive from Neutral to Buy, while maintaining the...
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9 Best 401(k) Stocks To Buy Right Now
Wednesday, March 16, 2022 - 2:56pm | 1117It can be fun to trade meme stocks, speculate on penny stocks and take a gamble on high-risk stocks that could be 10-baggers in a couple of years. However, investors buying stocks for their 401(k) or other retirement accounts should be looking for an entirely different type of investment. The best...
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Why Are Company Insiders Buying These 7 S&P 500 Stocks?
Tuesday, March 8, 2022 - 4:07pm | 1091Most investors are likely familiar with the adage, "actions speak louder than words." That saying certainly applies to the executives and other corporate insiders buying and selling shares of their own company's stock. It's part of an executive's job to paint a rosy public...
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7 Dividend Growth Stocks That Analysts Love
Tuesday, March 1, 2022 - 4:53pm | 1030Dividends have been a major source of long-term stock market returns. From 1930 to 2017, dividends accounted for 42% of the S&P 500's total returns. Among dividend stocks, dividend growth stocks have outperformed others. A company with the ability to increase its dividend payouts over time...
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Lowe's Delivered A Beat From Top To Bottom, BofA Says Company Is 'Attractive In This Environment'
Wednesday, February 23, 2022 - 11:25am | 292Lowe’s Companies Inc’s (NYSE: LOW) execution remained strong and consistent in a challenging operating environment due to COVID-19, which indicates that the company can “invest further in its long-term initiatives including superior in-stock levels which are critical to Pros,...
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Petco Barks Up The Right Tree, Gets Upgrade from BofA Analyst
Friday, March 19, 2021 - 10:37am | 267After posting robust fourth-quarter results, Petco Health and Wellness Company Inc (NASDAQ: WOOF) has been witnessing continued elevated pet adoption trends, according to BofA Securities. The Petco Analyst: Elizabeth Suzuki upgraded the rating for Petco from Neutral to Buy, while maintaining...
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Wall Street Weighs In On Home Depot's Blowout Q2, BofA Upgrades Stock
Wednesday, August 19, 2020 - 12:33pm | 585Home Depot Inc (NYSE: HD) was one of several major retailers to report blowout second-quarter earnings this week, sending the home improvement stock soaring. Home Depot posted second-quarter EPS of $4.02 on $38.05 billion in revenue Tuesday. Both numbers topped consensus analyst estimates of $...
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AutoZone Analyst Moves To Sidelines As Pandemic Cripples Demand
Wednesday, April 8, 2020 - 1:00pm | 387The COVID-19 pandemic is casting a pall over companies across sectors, and auto parts retailers are no exception. AutoZone, Inc. (NYSE: AZO) has lost its attractiveness due to the specter of demand slowdown and a relatively less attractive valuation, according to an analyst at BofA Securities. The...
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8 Retail Stocks To Put In Your Cart
Thursday, February 20, 2020 - 10:01am | 1222The retail sector has been a minefield for investors in the past several years as traditional brick-and-mortar companies attempt to fend off online competition from Amazon.com, Inc. (NASDAQ: AMZN) and others. In fact, the SPDR S&P Retail (NYSE: XRT) is down 8% overall in the past five years....
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7 Stocks To Buy On 'Phase One' Trade Deal
Wednesday, January 15, 2020 - 4:21pm | 1095Almost two years to the day that U.S. President Donald Trump first imposed tariffs on imported washing machines and solar panels, the U.S. and China have officially completed a "phase one" trade deal. Since the deal was announced in mid-December, the S&P 500 has rallied 3.4% on hopes...