Apple Stock Is a ‘Dark Horse’ Bet on AI
Dana Blakenhorn InvestorPlace Contributor January 17, 2024 • Apple (AAPL) stock is down relative to Microsoft because of AI. • Apple plans to run large language models on its devices, not just on its cloud. • Assuming all this works, patient investors will be rewarded. Before buying Apple (NASDAQ:AAPL) stock, which is already worth nearly […]
US Stocks Amped Up by Big Tech, Better-Than-Expected Earnings
Carmen Reinicke, Carly Wanna, Sagarika Jaisinghani Bloomberg March 2, 2024 This earnings season gave investors ample reasons to pour money into stocks even as traders grow increasingly wary about the economy and the timing of the Federal Reserve interest-rate cuts. Results for the final quarter of 2023 signaled continued corporate strength despite the angst. Balance […]
BofA’s Subramanian Sees S&P 500 Hitting Record 5,000 Next Year
Farah Elbahrawy Bloomberg November 21, 2023 Earnings are solid as companies overcome rates, macroeconomics ‘US exceptionalism is intact,’ bank’s strategists say The S&P 500 is set for a fresh high in 2024 because US companies have adapted to higher rates and weathered macroeconomic jolts, according to Bank of America Corp. strategists who join a growing […]
Bank of America says there are two things that will drive the next bull run in stocks
Brian Evans Bloomberg November 8, 2023 Artificial intelligence’s influence on increased productivity and a strong consumer could underpin the next bull run on Wall Street, according to Bank of America. Savita Subramanian, head of U.S. equity and quantitative strategy, said Wednesday that AI advancements will streamline worker productivity and drive future growth for stocks outside […]
A Shock Cross-Asset Rally Just Dealt Wallstreet a Lesson in the Dangers of Market Timing
Denitsa Tsakova Bloomberg November 3, 2023 Traders were piling into short stocks, bond bets before rally Stocks, bonds and credit notched concerted gains this week Wall Street just got schooled on the dangers of market timing after a shock cross-asset rally on tentative bets that the great monetary stress of 2023 is easing at long […]
BofA Warns ‘Fear Just as Costly as Greed,’ Says Buy US Stocks
Alexandra Semenova and Farah Elbahrawy Bloomberg November 3, 2023 Two of Bank of America Corp.’s leading markets strategists struck a rare agreeable tone on Friday, each prophesying gains ahead for equities — at least in the near term. Chief investment strategist Michael Hartnett broke from his usual bearish view to say technicals no longer stand in the way of a […]
Investors should be careful: Wall Street is too eager to buy the dip in bonds, says Strategas
Michelle Fox CNBC October 30, 2023 Investors lured by high yields could be making a mistake if they are buying bonds these days, according to Strategas. Yields have been climbing since the Federal Reserve began raising interest rates last year. The 10-year Treasuryrecently topped 5%, a level not seen since 2007, and is now hovering around 4.9%. Meanwhile, […]
Goldman says sell-off is a buying opportunity for these stocks with healthy balance sheets
Yun Li Reuters October 30, 2023 The recent sharp drawdown in stocks presents a buying opportunity for those stocks that are positioned to withstand a double whammy of higher interest rates and an economic slowdown, according to Goldman Sachs. “Although we expect headwinds to discount rates and balance sheets to persist, we would view a […]
A Recession Is No Longer the Consensus
In WSJ survey, economists lower recession probability below 50% and say Fed is finished raising interest rates Harriet Torry and Anthony DeBarros The Wall Street Journal October 15, 2023 Economists are turning optimistic on the U.S. economy. They now think it will skirt a recession, the Federal Reserve is done raising interest rates and inflation will continue […]
Wall Street Is Marking Up Forecasts as Profit Downturn Nears End
Jessica Menton Bloomberg October 11, 2023 Strongest upward revisions ahead of earnings since early 2022 Shows hopes for ‘Goldilocks scenario’ after Fed’s rate hikes Wall Street analysts are boosting US earnings forecasts even before results start rolling in, signaling that the worst of the profit slump is likely over as ebbing inflation eases the pressure […]