The list of negatives surrounding stocks is growing, according to BCA Research.
Chief strategist Irene Tunkel warned in a note Monday that she doesn't "anticipate new market highs within the next three months — there are too many negative crosscurrents for equities."
Others on the Street, including BTIG's Jonathan Krinsky and Bank of America's Stephen Suttmeier , have warned investors to remain vigilant in the near term.
Elsewhere on Wall Street this morning, Wells Fargo initiated Rollins with an overweight rating, citing increased demand for pest control products and services.
"Rollins' organic growth rates accelerated from mid-single to high-single digits during the pandemic and have remained at this elevated rate since," Wells Fargo said.
Persons:
Irene Tunkel, Tunkel, Jonathan Krinsky, Bank of America's Stephen Suttmeier, Wells Fargo, Rollins
Organizations:
BCA Research, BCA, Bank of America's
Locations:
Atlanta