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Certain stocks are poised to gain the most if high inflation is past its peak, according to analysts from the Bank of America. In the past-peak inflation environment, certain stocks are set up to potentially gain, according to a Dec. 6 note by Savita Subramanian, head of U.S. equity and quantitative strategy at Bank of America Securities. This means that as inflation subsides, these stocks should get a boost. Other retail names on Bank of America's list include O'Reilly Automotive , Clorox , Ross Stores , Home Depot and Lowe's . Some of these companies picked out by Bank of America have also been able to hold up amid rising inflation.
This is Goldman Sachs' favorite retail stock for 2023
  + stars: | 2022-12-12 | by ( Carmen Reinicke | ) www.cnbc.com   time to read: +3 min
Investors are carefully watching the retail sector going into 2023 for signs of a slowing economy and consumer weakness. Still, there are some stocks that are poised to gain even in an uncertain environment, according to Goldman Sachs. At the same time, Goldman downgraded shares of Ulta to neutral from buy, citing tougher growth in 2023 after a solid year. It has sell ratings on shares of Bed Bath & Beyond, Big Lots and Williams-Sonoma. On the flip side, it has buy ratings on shares of Walmart, O'Reilly Automotive, BJ's Wholesale Club, Dollar General, Dicks Sporting Goods, Five Below and more.
On Nov. 19, 2021, the Nasdaq-100 index — which is made up of the 100-largest Nasdaq Composite stocks — hit a record closing high of 16,573.34. DocuSign and Zoom Video have fallen more than 80% and 67%, respectively, since the Nasdaq-100 reached its record high. Megacap stocks such as Meta Platforms , Tesla and Amazon have also plunged over the past 12 months, in part due to their high valuations. Vertex Pharmaceuticals has rallied 69.5% since the Nasdaq-100 closed at a record. O'Reilly Automotive, T-Mobile and Gilead Sciences are also among the big Nasdaq-100 winners over the year since the Nasdaq closed at an all-time high.
Advance Auto Parts — Advance Auto Parts tumbled 16.3% after reporting lower-than-expected quarterly earnings after the bell Tuesday. Lowe's said the company, unlike Target, is not seeing negative inflation impact on sales. O'Reilly Automotive — Shares automotive parts retailer added 2% after the company upped its share repurchase program by $1.5 billion. Oscar Health — The insurance stock added 1.9% after Wells Fargo upgraded the stock to overweight, saying shares can rally nearly 40% going forward. Lincoln National — Shares added 2.1% following an upgrade to a buy rating by Goldman Sachs.
In this article AAPLORLYCARSVECOSBUX Follow your favorite stocks CREATE FREE ACCOUNTApple CEO Tim Cook visits the Apple Fifth Avenue store for the release of the Apple iPhone 14, New York City, September 16, 2022. Chatterjee reiterated his buy rating as well as his $200 price target on Apple. (See Cars Hedge Fund Trading Activity on TipRanks) The analyst highlighted the momentum in the adoption of Cars.com's Digital Solutions. Ranked 68th in an over 8,000-strong database of analysts on TipRanks, Prestopino has delivered profitable ratings 57% of the time. The analyst reiterated a buy rating on the stock with a price target of $25.
McDonald's — The fast-food giant's shares got a 2.8% lift after the company beat earnings expectations for its most recent quarter. Align Technology — The Invisalign maker saw its shares tumble 18% after it posted disappointing earnings for the most recent quarter. Credit Suisse — Shares of the Swiss bank plummeted 19.5% after Credit Suisse posted a greater-than-expected loss for the third quarter. ServiceNow — The stock jumped 13% after ServiceNow surpassed earnings expectations in its most recent quarter. Comcast — The media giant's stock rose 4.8% after topping analysts' earnings expectations for the third quarter.
Check out the companies making headlines after the bell:Meta Platforms — The Facebook parent plunged more than 13% after missing earnings estimates for the third quarter. Meta beat revenue estimates, posting a better-than-expected decline year-over-year but shared disappointing guidance for the fourth quarter. ServiceNow — The software stock soared 12.4% postmarket as earnings per share came in 12 cents ahead of Wall Street expectations. Align Technology — The maker of Invisalign dental straighteners toppled 16.8% after missing earnings estimates for the recent quarter. O'Reilly Automotive — Shares gained more than 3% after hours following a beat on revenue and earnings for the third quarter.
Morning Bid: Consumer drain as banks gain
  + stars: | 2022-10-26 | by ( ) www.reuters.com   time to read: +5 min
Google's results in particular bode ill for Facebook parent Meta Platforms (META.O), especially reliant on advertising and reporting its results late on Wednesday. Consumer blues contrasted with bumper earnings from banks who are raking in huge windfalls from rising interest rates - direct cash injections from reserves they hold at central banks along with higher net interest margins and trading revenues flattered by volatile markets. read more read more read more read moreEuropean banks reporting this week matched Wall St counterparts on that score, raising conundrums for the European Central Bank meeting this week and Bank of England and U.S. Federal Reserve gatherings next week. They all plan further policy rate rises to rein in inflation - but this also involves direct transfers to their banks and potentially a drain on government finances. They do not reflect the views of Reuters News, which, under the Trust Principles, is committed to integrity, independence, and freedom from bias.
The three major averages closed higher Friday, with the S & P 500 adding 2.37% to close at 3,752.75. Stovall said the S & P 500 had six positive moves of 1% or more in the last 17 trading days, as of Friday. Earnings, earnings, earnings About 150 S & P 500 companies report earnings in the coming week. Technically speaking Scott Redler, partner with T3Live.com, said he is watching a formation in the S & P 500 that could be positive. His first target for the S & P 500 is 3,800.
Wells Fargo said Wednesday that retail names exposed to the housing theme could see a "possible uptick in 2H Home Improvement demand." Fadem added that even beyond the possible uptick in sales from the storm, defensive positioning is warranted across hardline retailers. Wells Fargo said that the storm could contribute between 30 and 80 basis points of incremental quarterly comparisons across its home improvement coverage in Florida alone. Wells Fargo noted that the benefits to Floor & Decor Holdings, for example, depends on the extent of water damages. Wells Fargo said that while comparisons can be attractive quarter over quarter or year over year, it doesn't necessarily mean higher margins.
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