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☆ A Goldilocks economy could be coming, but a key piece of the puzzle remains elusive
▼ + stars: | 2024-02-06 | by ( Dan Defrancesco | ) www.businessinsider.com time to read: +7 min

In today's big story, we're looking at why investors are eyeing an even better outcome for the market than a soft landing . The big storyMarket's sweet spotPiotr PowietrzynskiForget about a soft landing, some market watchers want something just right. For months, investors hoped the Fed's tightening policy would culminate in a soft landing: lowering inflation while avoiding a full-blown recession. But why settle for a soft landing when you can get it all? Liu Jie/Xinhua via Getty ImagesA Goldilocks economy still hinges on the Fed cutting rates, which has proved fleeting for investors.

Persons: —, hasn't, Piotr Powietrzynski Forget, Matthew Fox, Solita, Marcelli, Jerome Powell, Liu Jie, we'll, Powell, Banks, Kenneth Rogoff, Jensen Huang, Rick Wilking, Goldman, Goldman Sachs, Savita Subramanian, Gen, Jenny Chang, Rodriguez, Fintechs, VCs, Sam Altman, Altman, didn't, Scott Winters, Alyssa Powell, Travis Kelce, Experian, It's, EVs, Dan DeFrancesco, Hallam Bullock, Jordan Parker Erb Organizations: Service, Apple, Business, Getty, Bank of America, Harvard, Nvidia, CES, Kansas City Chiefs, US Treasury, New York Times, UBS, FAA, Boeing, Max Locations: Americas, Washington ,, Xinhua, Jensen, Las Vegas , Nevada, U.S, China, New York, London

☆ Retirees are about to shift money into equity income, boosting these stocks, says Bank of America
▼ + stars: | 2024-02-05 | by ( Jesse Pound | In Jesse-Pound | ) www.cnbc.com time to read: +2 min

Money market fund assets had $6 trillion as of Jan. 31, according to the Investment Company Institute . "Retirees have shifted assets to cash for income, but an easing cycle could drive them to equity income funds. AT & T has the highest current dividend yield of those six stocks, at more than 6%. However, Bank of America projects big dividend hikes in the coming years, and the stock is already up 15% in 2024. It is unclear how much of the cash parked in money market funds will flow back into the stock market.

Persons: Savita Subramanian, Ford, Morgan Stanley Organizations: Bank of America, Investment Company Institute, Dow Inc, Simon Property Group, Merck, Simon Property, Ford

☆ There are a lot of income opportunities sitting in the S&P 500, says BofA's Savita Subramanian
▼ + stars: | 2024-01-31 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailThere are a lot of income opportunities sitting in the S&P 500, says BofA's Savita SubramanianSavita Subramanian, BofA Securities head of U.S. equity and quantitative strategy, joins 'Squawk Box' to discuss the latest market trends, the Fed's rate path outlook, state of the economy, and more.

Persons: BofA's Savita Subramanian Savita Subramanian Organizations: BofA Securities

☆ 8 buy-rated stocks set to surprise investors with strong Q4 earnings and potentially large returns, according to Bank of America
▼ + stars: | 2024-01-23 | by ( Laila Maidan | ) www.businessinsider.com time to read: +2 min

The second week of January rang in the fourth-quarter earnings season, and Wall Street's expectations are positive but not super-bullish. For sector-specific details, analysts at Bank of America note that online advertising is expected to see an uptick, and software is expected to outperform. All told, earnings season remains an opportune time to buy single stocks that beat expectations and get rewarded. The average performance dispersion between S&P 500 stocks rises in tandem with the number of companies reporting earnings on any given day, Bank of America found. Below is the list of eight buy-rated stocks Bank of America says are most likely to beat expectations.

Persons: Savita Subramanian, they'll, Tesla Organizations: Business, Bank, America, America's, Nvidia, Microsoft, Apple, Bank of America

☆ 2024 could be a banner year for dividends, Bank of America says
▼ + stars: | 2024-01-19 | by ( Michelle Fox | ) www.cnbc.com time to read: +2 min

This year could be a banner one for dividends, according to Bank of America Securities. For one, high dividend yield tends to lead in recoveries and global wave upturns, she wrote. Dividends also bridge a gap between "muddled macro signals" that impede a full cyclical/small cap recovery as the Federal Reserve pauses and/or cuts rates, Subramanian said. Atlanta Federal Reserve President Raphael Bostic said Thursday he expects policymakers to start cutting rates in the third quarter of 2024. "We expect more cash to revert to equity income as retirees reach for yield as cash yields ebb," Subramanian said.

Persons: Savita Subramanian, Subramanian, Raphael Bostic, There's, Humana, — CNBC's Michael Bloom Organizations: Bank of America Securities, Federal Reserve, Atlanta Federal Reserve, CNBC Pro, ETF, Elevance Health

☆ ‘Magnificent Seven’ stocks are continuing to prop up S&P 500 earnings
▼ + stars: | 2024-01-17 | by ( Bob Pisani | ) www.cnbc.com time to read: +2 min

The start of earnings season had some good news, and some bad news, as I mentioned Tuesday . Without those six stocks, the rest of the S & P is expected to see earnings fall 6%. Earnings for the S & P 500 are expected to grow 11% in 2024, a tall order, Buchbinder says, given he estimates the U.S. economy will grow only 1% this year. "The slow-growth economy we expect will not be conducive to big earnings gains," he says, which is why his estimates of $235 for the S & P 500 earnings in 2024 are well below the consensus of $243. Morgan Stanley said, "As we enter 2024, we are positioned to capitalize on the opportunity set.

Persons: Savita Subramanian, Jeffrey Buchbinder, Tesla, Buchbinder, Goldman Sachs, Morgan Stanley Organizations: Bank of America, Nvidia, Microsoft, Apple, LPL

Fourth-quarter earnings season is kicking off with a mix of good and bad news. Without those six stocks, the rest of the S & P is expected to see earnings fall 6%. There's a lot riding on earnings in 2024 For the S & P 500 to increase in 2024, earnings need to expand. But with the S & P 500 up over 20% last year, the forward earnings multiple is roughly 19.6, in the very pricey range. We need higher revenues The biggest risk to higher earnings is lower revenue growth.

Persons: Savita Subramanian, General Mills, Mobileye, Nick Raich, Adam Crisafulli, BofA's Subramanian, Deutsche, Binky, Sam Stovall Organizations: Pfizer, Merck, Moderna, Bank of America, Nvidia, Microsoft, Apple, Nike, FedEx, General, Darden, Constellation Brands, Technology, Samsung Electronics, Vital, Deutsche Bank's Locations: Wayfair, Conagra

(PRO subscribers can view the official 2024 strategist survey here . ) "Lifting our 12-month S & P 500 target to 5100 as inflation falls, the Fed turns dovish, and real yields plunge," Kostin wrote. Other Wall Street firms with similarly bullish forecasts include Citigroup and BMO Capital Markets, which each have S & P 500 price targets of 5,100. Barclays' Venu Krishna was even more bearish, anticipating the S & P 500 would fall to 3,725. Entering the penultimate trading week of the year, the S & P 500 is almost 23% higher in 2023, while the Nasdaq Composite has advanced almost 42%.

Persons: —, Stocks, Sam Stovall, Monday, Stovall, Goldman Sachs, David Kostin, Kostin, John Stoltzfus, Stoltzfus, America's Savita Subramanian, JPMorgan's, Bujas, Morgan Stanley, BofA's Subramanian —, Venu Krishna, Oppenheimer's John Stoltzfus, Dow Industrials Organizations: CNBC, Federal Reserve, Dow Jones, CFRA Research, Goldman, Oppenheimer Asset Management, Citigroup, BMO Capital Markets, Bank, America's, Nvidia, Microsoft, Barclays, Nasdaq Locations: Friday's

☆ UBS sees big market swings and only slight gains for stocks in 2024
▼ + stars: | 2023-12-12 | by ( Sarah Min | ) www.cnbc.com time to read: +2 min

UBS is out with its 2024 outlook, and it expects some wild swings for markets next year. The Wall Street firm on Monday said it sees the S & P 500 ending next year at 4,850, roughly 5% above Monday's close of 4,622.44. Stocks have been on a tear recently, with the S & P 500 riding a six-week winning streak. "The large spread between current strength and expected weakness presents a dilemma for investors," Golub wrote Monday. Goldman Sachs' David Kostin said he anticipates the S & P 500 will end next year at 4,700 , just a stone's throw from where the broader index is currently trading.

Persons: Jonathan Golub, Stocks, Golub, Goldman Sachs, David Kostin, America's Savita Subramanian, — CNBC's Michael Bloom Organizations: UBS, UBS Investment Bank, Bank, America's

☆ Wall Street is again making predictions for next year, but don't pay too much attention
▼ + stars: | 2023-11-29 | by ( Bob Pisani | ) www.cnbc.com time to read: +6 min

Not surprisingly, Wall Street tends to be a bullish group. Wall Street has a terrible track record All of this gets investor juices flowing. Wall Street strategists collectively have a terrible track record. As a result, you might be tempted to think you should pay no attention to Wall Street, or anybody else. If nothing else, the predictions of Wall Street strategists are a good starting point for all of us to think about the near future.

Persons: Lori Calvasina, America's Savita Subramanian, Morgan Stanley's Michael Wilson, Goldman Sachs, Morgan Stanley, Jeff Sommer, Sommer, Morgan Housel, I'm Organizations: Deutsche Bank, BMO Capital Markets, RBC Capital Markets, Bank, America's, Wall Street, of America, Barclays, UBS, Wealth, Wells, Wells Fargo Securities, Street, New York Times, Yardeni Research, Federal Reserve, Wall Locations: Wells Fargo, Russia, Ukraine, Israel

☆ BofA's Savita Subramanian on why the S&P 500 will hit 5,000 by end of 2024
▼ + stars: | 2023-11-28 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailBofA's Savita Subramanian on why the S&P 500 will hit 5,000 by end of 2024Savita Subramanian, BofA Securities head of U.S. equity and quantitative strategy, joins 'Squawk Box' to discuss the latest market trends, why she believes next year will be a 'stock picker's paradise' with the S&P hitting 5,000 by year-end, and more.

Persons: Subramanian, Savita Subramanian Organizations: BofA Securities

☆ Premarket stocks: Why investors are looking forward to 2024
▼ + stars: | 2023-11-28 | by ( Nicole Goodkind | ) edition.cnn.com time to read: +6 min

The S&P 500 currently sits around 4,550. BMO’s chief investment strategist Brian Belski has predicted that the S&P 500 will close out 2024 at a healthy 5,100. The S&P 500 has gained about 18.5% so far this year after falling nearly 20% in 2022. Despite elevated borrowing costs, three years of high inflation and increasing numbers of Americans dipping into their retirement plans, consumers continue to keep the US economy chugging. Google accounts include everything from Gmail to Docs to Drive to Photos, meaning all content sitting across an inactive user’s Google suite is at risk of erasure.

Persons: New York CNN — It’s, ”, Candace Browning, Browning, Goldman Sachs, Lori Calvasina, America’s Savita Subramanian, Subramanian, Brian Belski, “, Matt Egan, ” Michelle Meyer, Jennifer Korn, it’s, Google Organizations: New, New York CNN, Bank of America, RBC, BMO Capital Markets, Deutsche Bank, RBC Capital Markets, Bank, America’s, Federal Reserve, Mastercard Economics Institute, CNN, Adobe Analytics, Google Locations: New York

☆ Make these 5 investments as stocks climb to record highs in 2024, according to top strategists at Bank of America and BMO Capital Markets
▼ + stars: | 2023-11-28 | by ( James Faris | ) www.businessinsider.com time to read: +8 min

COVID), and active funds are hugging their benchmarks," Subramanian wrote in a note about her 2024 outlook. "We're bullish not because we expect the Fed to cut, but because of what the Fed has accomplished," Subramanian wrote. BMO Capital MarketsBofA analysts are calling for slower inflation, better profit margins, and improved efficiency, Subramanian wrote. BMO is less optimistic about energy stocks since they've lagged behind oil prices in the last year. Consumer discretionary is a strong bet if interest rate hikes are over and consumers keep spending, Subramanian wrote.

Persons: Brian Belski, Belski, Savita Subramanian, Subramanian, Bank of America BMO's Belski, he's, boomers, BofA Organizations: Bank of America, BMO Capital Markets, Business, BMO, Federal Reserve, " Bank of, Energy, BMO isn't Locations: Ukraine, Israel

☆ Deutsche Bank sees S&P 500 gaining more than 11% and reaching a record next year
▼ + stars: | 2023-11-27 | by ( Sarah Min | ) www.cnbc.com time to read: +2 min

Deutsche Bank expects the S & P 500 could climb more than 11% to a record next year — and said its base case seems "conservative." The investment bank set its 2024 year-end S & P 500 target at 5,100, or more than 11% above where the broader index closed Friday at 4,559.34. In its bull case, Deutsche Bank expects the S & P 500 could even climb to 5,500, or more than 20% above where the benchmark closed last. "We note that the S & P 500 has been in a clear trend up channel since the [Great Financial Crisis]. Goldman Sachs' David Kostin expects the S & P 500 will chop around and finally end next year at 4,700 .

Persons: —, Jim Reid, Reid, America's Savita Subramanian, Lori Calvasina, Goldman Sachs, David Kostin Organizations: Deutsche Bank, Bank, America's Locations: London, financials

☆ Cramer broadly agrees with Bank of America's bullish analysis, says next year could bring gains for the S&P 500
▼ + stars: | 2023-11-21 | by ( Julie Coleman | ) www.cnbc.com time to read: +2 min

CNBC's Jim Cramer on Tuesday reacted to Bank of America 's bullish outlook for 2024, agreeing that it's possible S&P 500 could reach 5000 by the end of next year. "Broadly speaking, I actually agree with Savita Subramanian at Bank of America that we could go to 5000 on the S&P," he said. The S&P 500 is seen by most on Wall Street as the best gauge for large-cap U.S. stocks, and it closed on Tuesday at 4,538.19. After a tough few months, the S&P 500 has seen a turnaround, advancing 8.4% for the month, it's largest monthly increase since July 2022. Subramanian wrote the market has moved past its "maximum macro uncertainty," explaining that it has already absorbed significant geopolitical shocks and companies have adapted to higher rates and inflation.

Persons: CNBC's Jim Cramer, Savita Subramanian, Subramanian, Cramer Organizations: Bank of America, Reserve, Nvidia, Microsoft, FTC

☆ Bank of America sees the S&P 500 rising to 5,000 next year, anticipates a 'stock picker's paradise'
▼ + stars: | 2023-11-21 | by ( Fred Imbert | ) www.cnbc.com time to read: +2 min

Savita Subramanian, the bank's head of U.S. equity and quantitative strategy, wrote Tuesday she sees the S & P 500 ending 2024 at 5,000. "We are past maximum macro uncertainty," wrote Subramanian. The S & P 500 on Friday posted a three-week winning streak — its longest run since this past summer. The strategist also noted other reasons she's bullish heading into 2024, including: Expectations of S & P 500 earnings rising more than 6% year over year. How to play it She anticipates a "stock picker's paradise" as certain companies separate themselves from the pack.

Persons: Savita Subramanian, Subramanian, she's Organizations: of America, Federal, Bull Locations: Monday's

___Their recommendations include securing land rights for women, promoting women's cooperatives and encouraging women to lead on developing climate policy. The link between phenomena like uterine prolapse and climate change is indirect but significant, said Seema Bhaskaran, who tracks gender issues for the nonprofit Transform Rural India Foundation. “It must prioritize awareness programs that emphasize the specific health challenges women face in the wake of climate change as a critical step towards increasing public knowledge. These efforts will also serve as a call to action for governments, institutions, and communities to prioritize women’s health and well-being as a central component of their climate initiatives,” she added. “Definitely there is a very clear recognition that climate has a health impact and health needs to be considered more seriously,” she said.

Persons: Manju Devi, Devi, hadn’t, ___, Seema Bhaskaran, Bhaskaran, Savita Singh, Singh's, Singh, ”, Babita Kumari, Kumari, Poonam, COP28, Anjal Prakash, Shweta Narayan Organizations: DELHI, India Climate Journalism, Associated Press, Stanley Center for Peace, Security, Press Trust of India, India's, Transform Rural, Foundation, Climate Central, Population Foundation of India, Bharat Institute of Public, Indian School of Business, United Nations, Health, AP Locations: Delhi, Dubai, India, New Delhi, Syaraul, Uttar Pradesh, Nanu, U.S

☆ These losing stocks could surge as the year winds down, Bank of America says
▼ + stars: | 2023-11-10 | by ( Darla Mercado | Cfp | ) www.cnbc.com time to read: +3 min

One investor's portfolio loser could be another's winning stock as 2023 draws to a close, according to Bank of America. Buy rated and cheap Bank of America screened for buy-rated stocks that fell at least 10% in 2023 through the end of October that were also overweight by long-only funds as of September. However, Bank of America still rates both names as buys – and others on Wall Street spot potential. Retailer Target is another name that made the cut, garnering a buy rating from Bank of America. Other stocks in Bank of America's list include agriculture play Mosaic , life insurer MetLife , defense giant Northrop Grumman , as well as gas and electric utility CenterPoint Energy .

Persons: Savita Subramanian, Dexcom, Insulet, –, Piper Sandler's Matt O'Brien, — CNBC's Michael Bloom Organizations: Bank of America, Internal Revenue, Bank of, Target, MetLife, Northrop, CenterPoint Energy Locations: Bank of America, Bank

☆ Bank of America: 4 signs that a company might be acquired and see shares pop — and 12 stocks primed for a deal right now
▼ + stars: | 2023-11-10 | by ( Mark Reeth | ) www.businessinsider.com time to read: +3 min

Our experts answer readers' investing questions and write unbiased product reviews (here's how we assess investing products). There are few catalysts that are almost guaranteed to juice a stock's value. One of the most surefire ways to send a company's stock soaring is for another company to acquire it. Unfortunately, if it were easy to predict mergers and acquisitions before they happened then everyone would be doing it. Among these is their "preferred M&A valuation metric: FCF/EV, where we screen for those trading below the universe median," Subramanian wrote.

Persons: Subramanian Organizations: Bank of America, Bank of

☆ Bank of America says there are two things that will drive the next bull run in stocks
▼ + stars: | 2023-11-08 | by ( Brian Evans | ) www.cnbc.com time to read: +2 min

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. "I think this is actually a very underappreciated bull case," she added. The "Magnificent Seven" stocks in the S & P 500 have been large growth drivers for Wall Street for most of 2023. As long as those factors don't change, we think that the consumer can hang in there," she said. "We've had a big move in rates, but companies have so far been able to withstand it.

Persons: Savita Subramanian, Subramanian, it's, We've, Michael Bloom Organizations: Bank of America, Wall, Nvidia, Apple, Federal Reserve, Survey

☆ Bank of America: Buy these 56 losing stocks that are on the verge of becoming winners, thanks to a little-known investing strategy that has consistently outperformed the market since 1986
▼ + stars: | 2023-11-05 | by ( Mark Reeth | ) www.businessinsider.com time to read: +3 min

Tax-loss harvesting is simple: investors reduce capital gains taxes by selling securities for a capital loss. Bank of America analysts led by head of US equity & quantitative strategy Savita Subramanian endorse a new twist on the strategy. In a recent note to clients, Subramanian identified what she calls TLCs: tax-loss candidates. "We've historically seen evidence of tax-loss selling by institutional investors in Oct. (peak outflows), and by retail investors in Dec. ahead of the Dec. 31 cut-off for individual investors," Subramanian wrote. Institutional investors must sell their losing stocks to claim the benefits of tax-loss harvesting by October 31, while retail investors have until December 31.

Persons: shrug, Subramanian, they've Organizations: Bank of America, 1.9ppt, Institutional

☆ Bank of America: Buy these 21 stocks that will profit if the Federal Reserve decides to keep hiking interest rates next month
▼ + stars: | 2023-11-03 | by ( Mark Reeth | ) www.businessinsider.com time to read: +2 min

Investors breathed a sigh of relief late Wednesday after Federal Reserve Chair Jerome Powell announced that interest rate hikes would remain paused. That pause was welcomed by the market after 11 interest rate hikes since March 2022 brought rates to their highest point in 22 years. But just because Powell decided to keep rate hikes paused for now doesn't mean they can't head higher from here. Higher interest rates tend to be a drag on stocks. Along with each company is its ticker, last closing price, sector, industry, and nominal interest rate beta.

Persons: Jerome Powell, Powell, there's, We're, Subramanian Organizations: Bank of, Bank of America

☆ Stocks paying high dividends that are safe and ones that are not, according to Bank of America
▼ + stars: | 2023-11-03 | by ( Michelle Fox | ) www.cnbc.com time to read: +2 min

Dividend stocks can be a good way to earn income amid market volatility, but not all dividends are necessarily safe. Here are some of those stocks that offer a strong balance sheet and high, but safe, dividends, according to Bank of America. In October, KeyCorp reported third-quarter earnings per share of 29 cents, slightly above the 27 cents expected by analysts, per StreetAccount. Walgreens Boots Alliance , with an 8.8% dividend yield, is also highly leveraged, with a debt-to-equity ratio of 1.8, according to Bank of America. Adjusted earnings per share came in at 67 cents, versus the 69 cents expected from analysts polled by LSEG, formerly known as Refinitiv.

Persons: they're, Savita Subramanian, Rowe Price, StreetAccount, KeyCorp, — CNBC's Michael Bloom Organizations: Investors, Federal Reserve, Bank of America, Revenue, Walgreens Boots Alliance, LSEG Locations: Baltimore, Cleveland

☆ Bank of America: 12 stocks with inflation-protected dividend yields that can provide stability in an uncertain market
▼ + stars: | 2023-11-01 | by ( Mark Reeth | ) www.businessinsider.com time to read: +2 min

Investors are holding their breath this week as Jerome Powell contemplates his next move in the ongoing battle against inflation. But for investors who'd rather tune out all the noise surrounding inflation and simply focus on finding profitable investments, Bank of America can help. First, they made sure the stocks were worthwhile, searching only for dividend yields that were greater than the 10-year Treasury yield. And finally, they looked for stocks with a positive relative beta to inflation. Along with each stock is its ticker, sector, dividend yield, dividend growth over the last four years, employees-to-sales ratio, relative beta compared to Bank of America's inflation composite, its analyst rating, and its last closing price.

Persons: Jerome Powell, Powell, who'd, Subramanian Organizations: Federal, Bank of America, Bank of

☆ The S&P 500 could soar 16% in the next year as a 'buy' signal with strong track record close to flashing, Bank of America says
▼ + stars: | 2023-11-01 | by ( Jennifer Sor | ) www.businessinsider.com time to read: +3 min

The stock market is close to flashing a "buy" signal with a strong track record, according to BofA. BofA's sell side indicator is three times closer to a "buy" reading than a "sell" reading. The indicator suggests 15.5% upside in the S&P 500 over the next year, analysts said. AdvertisementAdvertisementThe stock market is close to flashing a "buy" signal that's almost always resulted in positive returns for the S&P 500 in the following 12 months, according to Bank of America. That's caused equities to look less attractive and ratcheted up fears of a coming recession, sparking a sell-off in stocks that drove the S&P 500 to its third-straight monthly loss.

Persons: —, Bank of America's Savita Subramanian Organizations: Service, Bank of America, Wall, SSI, Bank of America's, Fed

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