BofA
Coverage of BofA in the Nexus archive.
- BofA’s Hartnett Sees Pressure on Risk Assets If Bond Plan Fails
According to Bank of America Corp. strategist Michael Hartnett, a failure in the US Treasury’s plan to tame long-term bond yields would potentially pressure the dollar and spur short bets against riskier assets. This warning specifically addresses market conditions expected in the lead-up to November midterm elections.
- BofA Poll Sees Few Bears Left as Investors Pile Into Stocks
Bullish global investors have raised their stock holdings to the highest levels in nearly five years, leaving little space for pessimists. According to Bank of America Corp.’s Michael Hartnett, investors are actively piling into stocks.
- Chip stocks enter bear-market territory. A BofA analyst says not to panic.
Chip stocks have entered bear-market territory, but a BofA analyst advises against panic. The semiconductor sector is undergoing a reset and has a tendency to underperform in the third quarter.
- Nvidia’s stock trades at a juicy discount, according to BofA
An analyst from BofA suggests that Nvidia’s stock is undervalued and presents an 'enhanced' buying opportunity due to sustained underperformance.
- China PMI Lays Relatively Constructive Picture for June: BofA
China's PMI for June indicates a relatively constructive economic outlook according to BofA. The report suggests improved business conditions in the country during the month.
- Markets tumble worldwide as Fed resets expectations: $400 billion wiped off SpaceX stock
Global markets declined as the Federal Reserve signaled three rate hikes this year, causing a $400 billion loss for SpaceX stock. Tensions in the Strait of Hormuz and increased electric vehicle sales linked to the Iran war were also highlighted.
- Indian Markets Still Not Cheap: BofA
BofA states that Indian markets remain expensive, indicating they are not currently undervalued.
- Intel soars on double upgrade from BofA. Here's what Jim Cramer says investors must do
Intel's stock rose following a double upgrade from BofA. Jim Cramer advised investors without Intel shares to buy the stock.
- Intel’s stock could push even higher thanks to this subtle dynamic, BofA says
BofA highlights that Intel's stock is significantly underowned in funds despite its major gains this year, suggesting potential for further price increases as ownership expands.
- US Faces Challenging Summer Gas Season, BofA’s Blanch Says
The US is facing a challenging summer gas season, according to BofA's Blanch. This prediction indicates potential increases in gas prices. The summer gas season is expected to be difficult due to various factors.