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☆ India 'easily' the fastest growing economy, IMF executive director says, as GDP growth blows past estimates
▼ + stars: | 2024-03-01 | by ( Shreyashi Sanyal | ) www.cnbc.com time to read: +1 min

India is 'easily' the fastest growing economy in the world, IMF executive director Krishnamurthy Subramanian said, as the country's third-quarter GDP growth blew past analysts' estimates. At 8.4%, India's economy expanded at its fastest pace in six quarters, data showed late on Thursday, strong private consumption and upbeat manufacturing and construction activity. Reuters estimates had pegged growth in the October to December period at 6.6%. The Indian government also raised its GDP growth outlook for fiscal year 2023-24 to 7.6% from 7.3% forecast earlier. Subramanian said that growth in India's economy was driven by a shift in the government's focus towards higher capital expenditure, which has increased significantly over the last few years.

Persons: Krishnamurthy Subramanian, India's, Subramanian, CNBC's Locations: India

☆ IMF executive director: India is the world's 'fastest-growing economy'
▼ + stars: | 2024-03-01 | 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 EmailIMF executive director: India is the world's 'fastest-growing economy'Krishnamurthy Subramanian, executive director at the International Monetary Fund and former chief economic advisor of India, discusses the country's gross domestic product data.

Persons: Krishnamurthy Subramanian Organizations: International Monetary Fund Locations: India

☆ The S&P 500's valuation is in the 95th percentile vs. history, but Bank of America says investors shouldn't worry
▼ + stars: | 2024-02-28 | by ( Pia Singh | ) www.cnbc.com time to read: +2 min

The S & P 500 might seem expensive at the moment, but this shouldn't spook investors, according to Bank of America. These days, the S & P 500 is higher quality and has lower earnings volatility than prior decades, Subramanian pointed out in a Wednesday note to clients. .SPX 1Y mountain S & P 500 performance. "But at a basic level, we question the validity of comparing an index to its younger selves, especially today's S & P 500." "We're still in this wall of negativity, this wall of worry," Subramanian said on CNBC on Wednesday.

Persons: Savita Subramanian, Subramanian, We're Organizations: Bank of America, CNBC

☆ The idea that the market is too expensive should be debunked, says BofA's Savita Subramanian
▼ + stars: | 2024-02-28 | 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 EmailThe idea that the market is too expensive should be debunked, 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, why she believes the big surprises this year could be better growth numbers and cyclicals taking a leadership position, state of the economy, and more.

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

☆ Bank of America says try the 'Magnificent 80' portfolio instead as income investing comes back into favor
▼ + stars: | 2024-02-13 | by ( Brian Evans | ) www.cnbc.com time to read: +2 min

The narrow stock market rally could broaden out beyond megacap tech, and investors should target the "Magnificent 80" stocks, according to Bank of America's Savita Subramanian. Both are key reasons Subramanian sees the market rally broadening, alongside an expected spike in volatility tied to the U.S. election and Federal Reserve interest rate cuts. To play the expected widening market rally, Subramanian points toward the so-called "Magnificent 80" stocks, which are composed largely of companies with strong fundamentals. These names, which Bank of America screened for, have higher equity income potential than cash, touting competitive dividend yields. Here are a few of those Magnificent 80 companies that are rated buy by Bank of America.

Persons: Bank of America's Savita Subramanian, Subramanian, Philip Morris Organizations: Bank of America's, Microsoft, Nvidia, Tesla, Federal, Bank of America, Ford, Bank, America's, Wall, Chevron, Truist

☆ Putin's big week means more uncertainty for the markets during a critical time
▼ + stars: | 2024-02-13 | by ( Milly Struthers | ) www.businessinsider.com time to read: +8 min

NEW LOOK Sign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . In today’s big story, we’re looking at why the recent resurgence of Vladimir Putin and Russia comes at an inopportune time for the markets. The big storyPutin's big weekRebecca Zisser/Business InsiderVladimir Putin hasn't notched many personal wins since Russia's invasion of Ukraine, but last week was an exception. Putin’s successes further complicate a geopolitical situation that has silently loomed over a US economy trying to tiptoe past a recession.

Persons: —, florists, Vladimir Putin, Rebecca Zisser, Vladimir Putin hasn't, Tucker Carlson, he’s, Tom Porter, Carlson, Putin, Joe, Donald Trump, BI’s Brent D, Griffiths, Tom, GAVRIIL, Jamie Dimon, Ray Dalio, Jerome Powell, It’s, David Rosenberg, doesn’t, Alex Wong, Stocks, Savita Subramanian, Grammarly, Abanti Chowdhury, Zers, Temu, Sam Altman, Dan DeFrancesco, Hallam Bullock, Jordan Parker Erb Organizations: Service, NATO, Sputnik, Kremlin, JPMorgan, Bridgewater Associates, Reserve, Federal Reserve, Bank of America, Labor Statistics, Tech, Chiefs, 49ers, World, Ferrari, Business Locations: Russia, Ukraine, Russian, Moscow, China, Israel, Gaza, Washington ,, New York, London

☆ BANK OF AMERICA: Buy these 34 stocks that are among the cheapest you can scoop up right now with pockets of the market loaded with upside opportunity
▼ + stars: | 2024-02-08 | by ( William Edwards | ) www.businessinsider.com time to read: 1 min

Bank of America says it's a good time to buy value stocks. With valuation differences historically high in the S&P 500, cheap names should recover. It's a great time to buy value stocks, Bank of America says. The differences in valuation among S&P 500 constituents have rarely been higher, according to Savita Subramanian, the bank's head of US equity and quantitative strategy. Simply put, that means very cheap stocks can play catch-up and pay investors who buy early.

Persons: it's, It's, Savita Subramanian Organizations: of America, Bank of America, Business

☆ 'The market is rife with inefficiencies': Bank of America says it's a stock picker's world — and these 29 companies have between 31%-97% upside
▼ + stars: | 2024-02-06 | by ( William Edwards | ) www.businessinsider.com time to read: +1 min

Bank of America says it's a favorable time to be a stock picker. Below, we've listed the 29 stocks the banks says have at least 29% upside. AdvertisementBank of America says it's a good time to pick your spots in the stock market. In the note, Subramanian laid out a few reasons it's an increasingly favorable environment for an active approach. One is the lack of conviction that fund managers have at the moment.

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

☆ 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

☆ 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

☆ 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

☆ 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

The full benefit for these Indian manufacturers will not be immediate, said Peter DeYoung, CEO of Piramal Pharma Solutions. Nimgaonkar said Indian CDMOs need to do more to ensure their reputation on quality standards matches Western and Chinese ones. The Indian CDMOs told Reuters that their facilities are routinely inspected by the FDA. Aragen counts seven of the 10 biggest pharma companies as clients, he said, declining to name them. "New biotechs are deciding to put eggs in both the Indian and China baskets from the start," Subramanian said.

Persons: Trump, Tommy Erdei, Ashish Nimgaonkar, Nimgaonkar, Sai, Peter DeYoung, Helen Chen, CDMOs, Piramal, DeYoung, Ramesh Subramanian, Subramanian, Maggie Fick, Andrew Silver, Michele Gershberg, Catherine Evans Organizations: Jefferies, Glyscend Therapeutics, Reuters, Sciences, Piramal Pharma, Sai Life Sciences, Western pharma, Piramal Pharma Solutions, L.E.K, Consulting, pharma, U.S . Food, Drug Administration, FDA, Thomson Locations: China, India, SHANGHAI, HYDERABAD, U.S, Shanghai, United States, London, Hyderabad

☆ 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

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