BofA

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...

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 $...

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...

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...

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...

Dollar General Corp (NYSE: GD) and Dollar Tree, Inc. (NASDAQ: DLTR) shares were trading lower Thursday after BofA downgraded the companies ahead of their scheduled fourth-quarter earnings in March. Dollar General and Dollar Tree stores have seen sales soar over the course of the pandemic as out-of-...

Grocery chain Kroger Co (NYSE: KR) faces difficult comparisons ahead and the stock's valuation could be pressured by negative identical sales in fiscal 2022. The Kroger Analyst: BofA Securities analyst Robert Ohmes downgraded Kroger's stock from Neutral to Underperform with a price...