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☆ 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

☆ Analyzing the market sell-off: Routine S&P 500 correction or something more serious?
▼ + stars: | 2023-10-28 | by ( Michael Santoli | ) www.cnbc.com time to read: +8 min

.SPX YTD mountain S & P 500, YTD The S & P 500 is also down 10% over the past two years and at a level first reached 30 months ago, with U.S. GDP now 18% larger than it was then and annualized earnings 10% higher. This places the S & P 500 at around 17 times forward earnings, roughly the past decade's average. The equal-weight S & P is near a 14 multiple and the equal-weight consumer discretionary sector is under 13, near the 2022 low P/E. Bank of America equity and quantitative strategist Savita Subramanian points out that "Consensus long-term growth expectations for S & P 500 earnings have dropped to record lows, a rather powerful contrary indicator." Yes, market breadth is lousy, the equal-weight S & P 500 less than 5% above the October 2022 low, but this is also how markets look when they're getting "sold out."

Persons: it's, Goldman Sachs, It's, Savita Subramanian, Stocks Organizations: Federal Reserve, U.S, Bank of America Locations: Israel, Iraq

☆ We are setting ourselves up for 'growth surprise' next year, says BofA Securities' Subramanian
▼ + stars: | 2023-10-27 | 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 EmailWe are setting ourselves up for 'growth surprise' next year, says BofA Securities' SubramanianSavita Subramanian, BofA Securities head of U.S. equity and quantitative strategy, joins 'Squawk on the Street' to discuss why she has a year-end S&P price target of 4600, why she believes we will see a 'growth surprise' next year, and more.

Persons: Savita Subramanian Organizations: BofA, BofA Securities

☆ Breaking down the complicated and erratic relationship between stocks and bonds
▼ + stars: | 2023-10-21 | by ( Michael Santoli | ) www.cnbc.com time to read: +9 min

At Friday's close of 4224 on Friday, the S & P 500 is off 8% from the July high, with its equal-weighted version down 11%. .SPX YTD mountain S & P 500 YTD Yet the S & P was also at about the current level on Sept. 22, when the 10-year was a half-percentage-point lower, as well as on June 2, when it was at 3.7%. It's taken as a given in most corners of the investment business that higher rates available on bonds serve mechanically to compress equity valuations. Which is how the stock market finds itself here, with real or incipient breakdowns in regional banks and transportation stocks, the median S & P 500 component down for the year. The S & P 500 has gone on to drop a bit further, rally weakly and then roll back toward a five-month low.

Persons: James Carville, Bill Clinton, Stocks, it's, It's, Savita Subramanian, Jay Powell, LEI, Bond Organizations: Treasury, Bank of America, Group, Bloomberg News Locations: Friday's, corporates, Israel

☆ Bank of America: Buy these 10 stocks set to shatter expectations after earnings growth accelerated in the third quarter
▼ + stars: | 2023-10-12 | by ( James Faris | ) www.businessinsider.com time to read: +4 min

Earnings will rise in Q3 and bring stocks along for the ride, according to Bank of America. Earnings estimates haven't budged in the last three months, which is better than the typical 4% pre-quarter drop. 10 stocks set for success as Q3 earnings reboundProfits have exceeded GDP by an average of 1.5 percentage points since 1950, according to BofA. Bank of AmericaHowever, Bank of America is confident that a new quarter will bring a clean slate for earnings. Below are 10 stocks that Bank of America believes are most likely to beat expectations in Q3.

Persons: Ohsung Kwon, Savita Subramanian, there's, Kwon, Subramanian, BofA Organizations: Bank of America, Wall, Bank of America Companies, Bank, Companies

☆ Here's why it's so dangerous for Wall Street to bet against the American consumer
▼ + stars: | 2023-10-06 | by ( Matthew Fox | ) www.businessinsider.com time to read: +4 min

"Betting against the American consumer is a dangerous proposition," Ned Davis Research said. AdvertisementAdvertisementThe American consumer has defied expectations over the past year as spending remains resilient, but Wall Street continues to anticipate a recession. The dynamic highlights why it's dangerous to bet against the American consumer, according to a Friday note from Ned Davis Research. YChartsMeanwhile, rising interest rates only impacts new loans or refinancings, and just over 75% of mortgage holders have an interest rate below 5%. Betting against the American consumer is a dangerous proposition," NDR concluded.

Persons: Ned Davis, —, Bank of America's Savita Subramanian Organizations: Ned Davis Research, Service, Bank of America's, NDR

☆ History says there's a 95% chance that US stocks rise from here despite recession calls, and Bank of America shared 4 investments to make as the market recovers from its September slump
▼ + stars: | 2023-10-03 | by ( James Faris | ) www.businessinsider.com time to read: +5 min

However, higher-for-longer rates don't always crush valuations and earnings, Bank of America strategists recently noted. In fact, the firm found that the S&P 500 had a 15% total return per year from 1985 to 2005 with inflation-adjusted rates at 3.5%, which is far above today's 2% rate. "Historically, when the indicator has been here or lower, 12m forward S&P 500 returns were positive 95% of the time (vs. 81% overall) with a median return of 21%," Subramanian wrote. The Charlotte-based firm recently raised its year-end price target for the S&P 500 to 4,600, which implies 7.5% upside. The S&P 500 is top-heavy and expensive, which Bank of America thinks makes funds following the equal-weight version of the index more compelling.

Persons: That's, Savita Subramanian, BofA's, Subramanian, Financials Organizations: Bank of America, Federal Reserve, Bank of America's, of America, SSI, Bank of, Energy Locations: Charlotte

☆ Strong earnings will reverse decline in megacap tech stocks: Goldman Sachs
▼ + stars: | 2023-10-02 | by ( David Randall | ) www.reuters.com time to read: +2 min

Traders work on the floor of the New York Stock Exchange (NYSE) in New York City, U.S., August 15, 2023. REUTERS/Brendan McDermid/File Photo Acquire Licensing RightsNEW YORK, Oct 2 (Reuters) - Strong upcoming earnings results could reverse the decline in mega-cap technology and growth stocks, which have been hammered by the rise in Treasury yields and are trading at their cheapest levels in six years by one measure, according to Goldman Sachs strategists. At the same time, the group is expected to post sales growth of 11% in the third quarter, compared with a 1% improvement for the S&P 500, the firm noted. The S&P 500 has dropped nearly 5% over the last 10 trading days but remains slightly more than 11% up since the start of the year. "We expect the S&P 500 to rally into year-end, with more upside in the equal-weighted index," Subramanian wrote.

Persons: Brendan McDermid, Goldman Sachs, Savita Subramanian, Subramanian, David Randall, Ira Iosebashvili, Mark Potter Organizations: New York Stock Exchange, REUTERS, Apple, Microsoft, Nvidia, Tesla, BofA Global Research, Thomson Locations: New York City, U.S

☆ 'It's the economy, stupid': 5 reasons why investors should stay bullish on the stock market
▼ + stars: | 2023-10-02 | by ( Matthew Fox | ) www.businessinsider.com time to read: +3 min

AdvertisementAdvertisementDespite rising interest rates, higher oil prices, and ongoing labor strikes, investors should stay bullish on the stock market. But since 2021, 50% more large caps have become small caps than small caps becoming large caps (the reverse of prior decades), suggesting a purge of weaklings. comparing the earnings yield based on the S&P 500 PE of 20x to nominal Tsy yields of 5%. "The equal-weighted S&P 500 ERP is 50bp+ higher than the cap-weighted S&P 500, and trades at 17x on trough earnings. The equal-weighted S&P 500 also almost always beat the cap-weighted S&P 500 in past 'Recovery' cycles."

Persons: Bank of America's Savita Subramanian, Subramanian, —, Savita Subramanian Organizations: Bank of America's, Service, Bank of, Boomers

☆ Analysis: Sizzling rally in US energy stocks has room to run, bulls say
▼ + stars: | 2023-09-21 | by ( David Randall | ) www.reuters.com time to read: +5 min

Some believe a tight oil market and resilient U.S. growth will keep energy stocks rising for the rest of 2023. Bullish investors argue that energy stocks are still cheap by historical standards - and far less richly valued than other areas of the market. The energy sector currently trades at a forward price to earnings ratio of 12.2, well below its historical median forward P/E of 15.3, according to LSEG Datastream. Parts of the market appear skeptical energy stocks have much further to run. "That should result in a ... smoother ride for energy stocks than we’ve been accustomed to."

Persons: Bing Guan, LSEG, Charles Lemonides, Baker Hughes, Savita Subramanian, Brent, Bjarne Schieldrop, Rodney Clayton, we’ve, David Randall, Ira Iosebashvili, Marguerita Choy Organizations: Exxon, Mobil, REUTERS, Energy, West Texas, Federal, drillers, U.S . Energy, Administration, Global, Citi, Brent, SEB Research, Macquarie, Duff, Phelps Investment Management, Thomson Locations: Beaumont , Texas, U.S, Saudi Arabia, Russia, China

☆ BofA lifts S&P 500 2023-end target by 7%, led by "old economy" stocks
▼ + stars: | 2023-09-20 | by ( ) www.reuters.com time to read: +3 min

The S&P 500 is up 15.7% so far this year, largely driven by a rally in a handful of mega-cap growth stocks such as Nvidia (NVDA.O) and Meta (META.O) that have ridden the artificial intelligence (AI) boom. While the rally has been moderating, BofA remains in "neutral" to "positive" territory on U.S. stocks, with a bias towards equal-weighted stocks, strategists led by Savita Subramanian said. An equal-weight index assigns uniform weights to each constituent, unlike a market capitalization-based index, like the S&P 500, where bigger companies tend to have an outsized influence. Equal-weighted stocks have less volatile earnings, smaller differences in analysts' estimates, and are cheaper and less crowded than growth stocks, Subramanian said. While a "fresh wave of bear narratives around equities have emerged", BofA says the "old economy", which includes value stocks - more prevalent in the equal-weighted S&P 500 - could benefit as much as tech and growth.

Persons: Andrew Kelly, Savita Subramanian, Subramanian, BofA, Morgan Stanley, Susan Mathew, Savio D'Souza Organizations: Dow Jones, New York Stock Exchange, REUTERS, Street, Nvidia, Tech, Thomson Locations: Manhattan , New York City, U.S, Bengaluru

☆ Bank of America raises year-end S&P 500 price target, says rally will broaden out from here
▼ + stars: | 2023-09-20 | by ( Sarah Min | ) www.cnbc.com time to read: +2 min

Bank of America's Savita Subramanian raised her 2023 year-end S & P 500 price target to 4,600, saying the rally will broaden out from here. The equity and quant strategist increased her S & P 500 target to 4,600 from 4,300 — placing it among the higher forecasts in CNBC's Market Strategist survey . The strategist expects even better returns for the average stock over the S & P 500, which is weighed by market value, as the rally broadens. Her bear case is 4,100 and bull case is 4,700 for the S & P 500. All three major averages are negative on the month, and the S & P 500 and Nasdaq Composite are lower this quarter.

Persons: America's Savita Subramanian, Subramanian, — CNBC's Michael Bloom Organizations: America's, Nasdaq, Tech

☆ BofA Securities' Savita Subramanian explains why she's raising her year-end S&P 500 target to 4,600
▼ + stars: | 2023-09-20 | 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 Securities' Savita Subramanian explains why she's raising her year-end S&P 500 target to 4,600Savita Subramanian, BofA Securities head of U.S. equity and quantitative strategy, joins 'Squawk Box' to discuss the latest market trends, why she raised her year-end S&P 500 target to 4,600 from 4,300, rest of the year outlook, and more.

Persons: Subramanian Organizations: BofA Securities

☆ This stock market signal points to the S&P 500 surging 25% within the next year
▼ + stars: | 2023-09-17 | by ( Matthew Fox | ) www.businessinsider.com time to read: +3 min

There's still significant upside potential in the stock market, according to Bank of America. Subramanian observed that long-term profit growth expectations among Wall Street analysts are near record low levels, which signals pervasive pessimism. Typically, when there's such a high level of pessimism towards future corporate profits, the stock market delivers spectacular returns. AdvertisementAdvertisementAnalysts expected the S&P 500 to deliver long-term profit growth of 11% a year ago, while the trailing 5-year level of growth has been 12%. The stock market went on to enter a year-long bear market just a couple months later.

Persons: There's, Savita Subramanian, Bank of America's Savita Subramanian, Subramanian Organizations: Bank of America, Service, Wall Street, Bank of America's, Wall, Energy Locations: Wall, Silicon

☆ These are the 50 best stocks to buy now as the downturn ends and the US economy begins to recover, according to Bank of America
▼ + stars: | 2023-09-13 | by ( Mark Reeth | ) www.businessinsider.com time to read: 1 min

The economic downturn is ending, and a recovery is beginning, according to Bank of America. Cyclical stocks tend to outperform during a recovery, according to Savita Subramanian. She found the 50 stocks best positioned to profit from a US economic recovery. For months, Wall Street has been worried that restrictive monetary policy would curtail economic growth and quite possibly lead to both a recession and a market downturn. Now, however, Bank of America analysts believe that the economy has turned a corner and might once again be on the upswing.

Persons: Savita Subramanian Organizations: Bank of America, Bank of

☆ One sector outperforms the stock market 100% of the time when an economic recovery begins, Bank of America says. Where to invest now, and 5 reasons why the downturn phase is over.
▼ + stars: | 2023-09-12 | by ( Mark Reeth | ) www.businessinsider.com time to read: +7 min

What happens to the US economy nextBank of America's economic indicator has made a sudden pivot upwards, from the lows of a "downturn" phase into the gradual strengthening of a "recovery" phase. Rising inflation indicates improving economic conditions. Rising inflation indicates improving economic conditions. A rising Z-Score indicates improving economic conditions. A rising Z-Score indicates improving economic conditions.

Persons: it's, Savita Subramanian, Subramanian, Jan, Staples underperformed, Bank of America Subramanian, Dev Organizations: Bank of America, Bank of, Thomson, PMI, Supply Management Manufacturing, Federal Reserve Bank of Philadelphia Survey, Conference Board, Bond, ICE, Utilities, Health Care, Fed, of America

☆ Bank of America says it's an official economic recovery now so history points to these stocks outperforming ahead
▼ + stars: | 2023-09-11 | by ( Alex Harring | ) www.cnbc.com time to read: +4 min

There appears to be an economic rebound taking place — and history shows ways to play it in the market, according to Bank of America. "It's official: we're in a Recovery," wrote strategist Savita Subramanian in a note to clients Sunday. An average recovery lasts nine months, though shorter durations seen in recent history raise concern that this one may not have staying power, she said. Still, the average analyst has a hold rating on the stock, according to LSEG. The average analyst has a hold rating on the stock, but price targets imply an upside of more than 7% on average.

Persons: Savita Subramanian, Subramanian, FactSet, Piper Sandler, John Barnidge, Barnidge, AIZ, Newell, Canaccord, Brian McNamara, McNamara, Molson Coors, Bud, Invesco, — CNBC's Michael Bloom Organizations: Bank of America, Wall, Newell Brands, LSEG, destocking, Anheuser, Busch InBev, Bud Light, TAP BUD, Molson Coors, Busch Inbev, Molson, ZOA Energy Locations: U.S

☆ These 10 stocks have the most exposure to China's 'stalling' economy, BofA warns
▼ + stars: | 2023-09-08 | by ( Matthew Fox | ) www.businessinsider.com time to read: +3 min

China's "stalling" economy is putting some US companies at risk, according to Bank of America. The bank highlighted the top 10 stocks that have the most revenue exposure to China. Applied MaterialsApplied Materials’ new corporate signage photo in Santa Clara California ReutersTicker: AMATMarket value: $122.6 billionRevenue exposure to China: 33%9. Wynn ResortsAdvertisementAdvertisementFILE PHOTO: Wynn Resorts Ltd property in Las Vegas ReutersTicker: WYNNMarket value: $10.7 billionRevenue exposure to China: 40%4. ReutersTicker: LVSMarket value: $38.2 billionRevenue exposure to China: 67%Other companies that have considerable revenue exposure to China include: Intel (27%), Tesla (26%), and Nvidia (26%).

Persons: Savita Subramanian, Santa Clara California, Lam, Shanghai Aly Song Organizations: Bank of America, Service, Santa Clara California Reuters, Broadcom Reuters, IPG Photonics, Wynn, Wynn Resorts Ltd, Las Vegas Reuters, WYNN, Qualcomm, China, Vegas Sands Corp, Reuters, Intel, Nvidia Locations: China, Wall, Silicon, Santa Clara, Las Vegas, Shanghai, Macau

☆ Treasury yield jump is not 'death to equities,' BofA's Savita Subramanian says
▼ + stars: | 2023-09-05 | by ( Stephanie Landsman | ) www.cnbc.com time to read: +2 min

The latest jump in Treasury yields is not "death to equities," BofA Securities' Savita Subramanian told CNBC's "Fast Money" on Tuesday. In fact, Subramanian sees the bond move as a positive signal — rather than an ominous sign for the economy. In May, Subramanian hiked her S&P 500 year-end target by 7.5% to 4,300, with a range as high as 4,600. Even though she believes the corporate America has learned to do more with less, Subramanian suggests stocks won't go up in a straight line. But I do think we are at a point where we have some visibility with what the Fed is going to do," Subramanian said.

Persons: Savita Subramanian, CNBC's, Subramanian Organizations: Securities, Companies Locations: America

☆ BofA’s Savita Subramanian says she believes the bond move is bullish
▼ + stars: | 2023-09-05 | by ( ) www.cnbc.com time to read: 1 min

In this videoShare Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailBofA’s Savita Subramanian says she believes the bond move is bullishSavita Subramanian, BofA Securities head of U.S. equity & quantitative strategy, joins 'Fast Money' to talk recent moves in the bond market.

Persons: Savita Subramanian Organizations: BofA Securities

New Delhi CNN —The bulldozers and government officials arrived just before dawn, tearing down the row of shanties as its bewildered residents watched inconsolably nearby. CNN has reached out to the New Delhi and federal governments but is yet to receive a response. Rhea Mogul/CNN“I can’t explain how distraught everyone was as they bulldozed the homes,” Savita said. The demolitions are being done with extreme cruelty.”Savita helps her children with homework at a temporary home in Delhi. Modi sees India as a confident and modern superpower, a voice for the voiceless seizing the 21st century.

Persons: ”, Joe Biden, France’s Emmanuel Macron, Rishi Sunak, Rhea Mogul, Narendra Modi, Harsh Mander, Jayanti Devi, Savita, ” Savita, “, ” Mander, Modi, ” Modi, …, ’, ” Devi Organizations: New, New Delhi CNN, ”, British, CNN, Policy Research, Survey, India, ASI, CNN Homeless, Workers, Indian National Congress, Commonwealth Games, Global, “ Locations: New Delhi, “, Devi, Pragati, Rhea, India, Delhi, Mander, Ukraine, United States

☆ Stocks will try to keep momentum, but September seasonality and other headwinds await
▼ + stars: | 2023-09-01 | by ( Sarah Min | ) www.cnbc.com time to read: +6 min

Stocks are looking to maintain momentum in the holiday-shortened week ahead even as Wall Street contends with a seasonally weak period for markets ahead of the Federal Reserve's September rate decision. Some technical indicators have investors hopeful the bullish momentum could continue in the week ahead. For example, the major indexes broke above their respective 50-day moving averages this past week — a sign of improving short-term momentum. Central bank policymakers convene for a two-day meeting starting Sept. 19 and announce their interest rate decision Sept. 20. Week ahead calendar All times are ET.

Persons: Sam Stovall, We've, Ryan Detrick, Quincy Krosby, CFRA, —, HSBC's Max Kettner, Savita Subramanian, John Luke Tyner, Carson Group's Detrick, Detrick, FactSet, Kroger Organizations: Dow Jones Industrial, Nasdaq, Wall, Dow, Carson Group, Fed, LPL, Bank of America, Aptus Capital Advisors, Labor, PMI, PMI Services, Consumer Credit Locations: U.S, CFRA, China

☆ In another positive sign for stocks, the trough for earnings this cycle is likely in
▼ + stars: | 2023-09-01 | by ( Fred Imbert | ) www.cnbc.com time to read: +1 min

That's according to analysis by Bank of America, which looked at the changing expectations of Wall Street analysts and historical analysis to determine that the poor second quarter earnings results just reported will be the worst we see this cycle. FactSet data shows S & P 500 earnings fell more than 4% on average from the year-earlier period during the second quarter. It's also the biggest year-over-year earnings drop since the second quarter of 2023. "Absent a collapse in demand, 2Q likely marks the trough in earnings," the report stated. For the full year 2023, Wall Street analysts currently project earnings for S & P 500 companies to post a slight increase, according to FactSet.

Persons: Savita Subramanian, It's, — CNBC's Michael Bloom Organizations: Bank of America, Wall Street

☆ Second-quarter earnings recap: Here's what Wall Street is saying about this quarter's winners and losers, and where the market goes from here
▼ + stars: | 2023-08-30 | by ( Mark Reeth | ) www.businessinsider.com time to read: +7 min

Second-quarter earnings season is concluding, giving analysts new data to direct their investments. The second-quarter earnings season is quickly coming to an end, and it's time to tally the wins and losses. Here's what Wall Street is saying about second-quarter earnings, who the biggest winners and losers were, and what today's results mean for tomorrow's market. "Much of the stability in consumer stocks YTD is related to falling inflation and higher asset prices, in our view," Wilson wrote. Lori Calvasina, head of US equity strategy at RBC, also had some thoughts about the earnings season.

Persons: Morgan Stanley, didn't, you'd, Mike Wilson, Wilson, Price, BofA's, Subramanian, Lori Calvasina, Calvasina, Subramanian didn't Organizations: RBC, Bank of America, Tech, Nvidia, Comm . Services, Energy, Real Estate Locations: Comm, Tech

☆ Bank of America: Hedge funds are unusually bullish about these 20 stocks as they brace for tough times in markets
▼ + stars: | 2023-08-26 | by ( James Faris | ) www.businessinsider.com time to read: +4 min

Here are 20 stocks that hedge funds are gravitating toward in this uncertain market. Although several economic signals have offered investors reasons for optimism right now, hedge funds can't seem to shake their cautious convictions. Bank of AmericaManagers of hedge funds and long-only funds have shifted toward defensive stocks over the last few years, according to Bank of America. 20 stocks hedge funds love nowWhile hedge funds are playing defense until further notice, that's not to say they're bearish. Below are the 20 stocks that hedge funds are unusually bullish about along with the ticker, sector, and net relative weight in hedge funds for each.

Persons: Savita Subramanian, defensives, Subramanian, that's Organizations: Bank of America, BofA's, Equity Locations: defensives, —

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