Bank of America sees small-cap stocks as key indicator to watch for the broader stock market. High concentration in a handful of stocks and elevated valuations limit stock market upside, BofA said. Small-cap stocks face challenges from high interest rates, affecting profitless companies. Bank of America said in a Friday note that one key area…
Bank of America downgraded AMD on Monday, citing higher competitive risk in the AI market. AWS customers’ low demand for AMD AI chips and Nvidia dominance impact AMD’s growth potential. AMD could still succeed due to Nvidia supply issues and its server chip market position. Bank of America downgraded AMD after a Business Insider report…
US stocks fell on Monday as tech sector risks and upcoming inflation data worried investors. Nvidia shares dropped 3% on China’s probe into its 2020 acquisition of Mellanox. Investors await inflation data to gauge the potential for more Fed interest rate cuts. US stocks retreated from record highs on Monday as investors assessed a potential…
Remember a decade or so when almost everyone was scared to shop online? The idea of putting credit card numbers on the internet was frightening and many people swore they’d never do it. Just about all of those people do at least some Christmas shopping online. While that may not be a problem, hackers see…
Warren Buffett’s Berkshire Hathaway purchased stakes in Domino’s Pizza and Pool Corp. last quarter. The investing legend’s company made big cuts to its huge Apple and Bank of America positions. Berkshire pared other holdings such as Capital One, and sold almost all of its Ulta Beauty shares. Thanks for signing up! Access your favorite topics…
Affiliate links for the products on this page are from partners that compensate us and terms apply to offers listed (see our advertiser disclosure with our list of partners for more details). However, our opinions are our own. See how we rate banking products to write unbiased product reviews. When the Fed cuts interest rates,…
The presidential election has the potential to reshape the investment landscape. Detailed below is what Wall Street is saying about investing implications across multiple asset classes. This is the first in a five-part series about the impact both Trump and Harris presidencies could have on US consumers. Thanks for signing up! Access your favorite topics…
Wall Street’s bullishness for Nvidia stock endures even as shares trade at record highs. Analysts are upbeat about the next-gen Blackwell chip and Nvidia’s web of enterprise partnerships. Bank of America and Goldman Sachs are among the banks that have raised price targets in recent weeks. Thanks for signing up! Access your favorite topics in…
The price of oil could hit $120 a barrel by early 2025, according to Citi. That’s according to the bank’s bull case, which assumes conflict in the Middle East escalates. Israel-Iran tensions have oil traders on edge as they keep an eye on potential supply disruptions. Thanks for signing up! Access your favorite topics in…
A contrarian sell signal recently flashed in the stock market, according to Bank of America. The drop below 4% in cash allocations suggests aggressive stock market investing, BofA said. Investors are growing more optimistic about economic growth, but fear geopolitical conflicts and inflation. Thanks for signing up! Access your favorite topics in a personalized feed…