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☆ Time to buy Siemens and HelloFresh after big share price moves? Here's what analysts say
▼ + stars: | 2023-11-17 | by ( Ganesh Rao | ) www.cnbc.com time to read: +4 min

Morgan Stanley has a price target of 22 euros a share. The investment bank has an "underperform" rating – equivalent to "sell" at other banks – on the stock with a price target of 16 euros a share. Deutsche Bank has a "buy" rating on Siemens stock with a 185 euros 12-month price target, giving it a 26% upside from the current share price. They expect the results will be "well received" and see Siemens stock as "the most mispriced largecap equity in our coverage." Berenberg's Philip Buller and Philip Modu have a price target of 170 euros a share, which is 16% above the current share price.

Persons: HelloFresh, —, Jefferies Jefferies, Jefferies, Morgan Stanley Morgan Stanley, Luke Holbrook, Morgan Stanley, Bernstein, William Woods, Supriya Subramanian, Berenberg, Berenberg's Philip Buller, Philip Modu, — CNBC's Michael Bloom Organizations: Siemens, Wall Street Bank, Deutsche Bank, UBS UBS Locations: Arizona, Swiss

☆ 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

☆ Goldman Sachs just promoted 608 employees to the coveted role of managing directors. See the full list here.
▼ + stars: | 2023-11-02 | by ( Emmalyse Brownstein | ) www.businessinsider.com time to read: +14 min

Goldman Sachs announced its 2023 class of managing directors Thursday afternoon, giving 608 employees the coveted title. It's a smaller cohort than the bank's 2021 MD class, down 5% amid a dealmaking slowdown. Still, Goldman appears to have taken pains to promote employees in revenue-generating divisions like investment banking and trading. Goldman says the percentage of women it promoted as part of the 2023 MD class sets a record, up 1% from 2021. Two years ago, Goldman promoted the largest managing director class in its history, naming 643 employees to the designation in 2021.

Persons: Goldman Sachs, Goldman, David Solomon, John Waldron, we've, Solomon, Waldron, Goldman Sachs Fereshteh Abbasi Thomas Abe Devina Abreo Francesca Adamski Emmanuel Adenitire Gopal Agarwal Prasoon Agarwal Udit Agrawal Khamran Ali Omar Alzaim Dorothee Amar Akbar Amin Joe Amsler Wilfred Amuri Jack Anstey Paul Antonios Hidemi Aoki, Carolina Aragon Gonzalez Nelson Armbrust Georgina Aspden Laurene, Gisha, Sharon Babick Navin Babu Alexey Bachurin Alberto Bacis Patrick Badaro Rahul Bajaj Elise Bal Tanya Ballaram Brian Baltz Guillaume Banderet Nirav Bansal Nitin Bansal Swati, Chalapathi, Andrei Banu Camella Barnes James Barry Elisa Anna Bassu Aman Batra Eleanor Beasley Nicole Beavan Michael Becker Yukiko Beer Omar Benchekroune Richard Bennett Nigel Beslee Ashima Bhalla Nikhil Bhandari Nimita Bhargava Bodha Bhattacharya Rebecca Bibb Roseline, Rahul Bindu Mark Bird Leo Biselman Christian Blanc Patrick Bogues Michael Boratin Katherine Bordlemay Gabriela Borges Kate Boucher Erik Bouland Joanne Braidi Chris Brett Joseph Briggs Charles Brockett Emmeline Brothers Aaron Brown Adrienne Brown Kevin Bryck Archana Budida Oliver Bunn Rebecca Burgoyne Andrew Burpitt Todd Byers Patrick Byrne Michael Cahill Ashley Caldwell Jake Caldwell Serdar Caliskan Jon Calluzzo Stewart Campbell Samantha Cantor Yuri Cantor Dan Carabas Gemma Carlaw Laura Carroll Tim Carson Matt Carter Quentin Cezard Alex Cham Simon Chamama Heidi Chan Patrick Chan Suraj Chandran Kim Cheah Jon Cheh CP Chen Nelly Cheng Sarrah Cherhabil Jackson Cheung Michael Cheung Rama, Stan Chiu Anish, Kunal Choraria Ankit Chowdhari Dario Claus Cosimo Codacci, Michael Coleman David Collerd Shannon Collins Francesca Condini Lee Coppersmith John Couch Tim Creamer Maziar, Satish Damodaran Gareth Davies Serkan, Nick De Kock Ann de la, Nick De Kock Ann de la Montaigne Jan Debeuckelaer Molly Decker Gabrielle Decrion Laurent Dedieu Antoine Demongeot Yannick Derippe Deepalakshmi Desai Tim Desiano Joshua Dezube Randeep Dhillon Javier Diaz, Merry Matheus, Jared Dickow Alex Doell Mao Dong Praneil Doolabh Daniel Dooling Michelle Dorea Szymon Doroz Jacqueline Du Benjamin Duell Kelsey Dumont Julie Duval Todd Ebe Dayo, Jeremy Eisenstein Chris Elmore Ryan Erickson Joaquin Escribano Larry Estrada Pavel Fadeev Will Fairbourn Jeremy Falgiani Fabio Federici Wenlong Fei David Felman Sophia Ferguson Zach Fernandez David Fernandez Miguez Scott, William Fio Rito Duffy Fischer Lisa Florentine Akshay Fomra Janice Foo Nicholas Forbat Elie Franko Georgina Fraser Jason Freeman Nicole Freeman Oliver Friedberg Gavriel Friedland Ross Fuller Angela Fung Greg Furness Nikhil Gadodia Stefano Gamba Amit Singh Gambhir Javier Gandara Giorgio Gandola Amit Gangrade Sudha Garimella Mima Garland Mingmin Ge Graziano Gemma Shefali Gera Constance Germain Brad Gifford Benjamin Giles Abbas Ginwala Marlene Giorgio Thomas Giovachini Zachary Glasser Guillaume Gnech Harley Golding Yuriy Goldman Jesse Goldstein Roy Golender Sharon Gonnella Alejandro Gonzalez Steven Gooden Jessie Gould Varun, George Graf von Waldersee Florian Granier Jamie Greenberg Brian Grzelakowski Alessandro Guicciardi Michael Guiliano Samuel Guinness Bivash Gunpath Deepa Gupta Parikshit Gupta Lauren Gutierrez Johannes Hahn Chris Hallam Alex Halpern Christina Halpin Michael Hamilton Brooke Hammel Saki Hanioka John Hanson Mathew Harris Ally Hart Amy Harwood Tom, Emily Hashimoto Rob Haslam Michael Heino Brandon Herde Sarah Higgins Camilla Hill Spencer Hill Sho, Cecilia Ho Jonathan Ho Bryan Hoffman Kevin Hoffmeyer Eliza Hollyday Simon Holmes Mehdi, Lily, Derek Hu Jennifer Hui Tim Huiszoon Camille Humbert Kurt Humes Kelley Hutchison Masayuki Ichioka Andrew Imber Calvin Isaac Jackson Isaacs Sharif Ismail Yu, Doug Michael Jaffa Nitin Jagga Rahul Jain, Jataprolu Fiona Jervis Yinpeng Jin Sandeep Jindal Jennifer Jochinger Steven Johnson David Johnstone Megan Jordan Nicolas Joseph Bob Kadel Jean Kam Harneet Kaur Vinay Kaura Peter Kelman Stephanie Kenary Maggie Keohan Humayun Khalid Sunil Khandelwal Scott Kilpatrick Jenny Kim Ashley King Joel Klaus Rene Klos Rossitsa, Michael Kondoleon Gregory Kontopoulos Larry Kornreich Shrivathsa Kota Konrad Krallmann Ken Kraska Alexander Kretzberg Bryant Krongard Simon Kubbies Adam Kulik Peter Kulka Ajeya Kumar Aditya Kurella Sara Lachapelle Raagini, Langalia Chaim Langer Alexander Langley Raven LaRue Dolapo Lawal Claire Leblanc, Langalia Chaim Langer Alexander Langley Raven LaRue Dolapo Lawal Claire Leblanc Mary LeDonne, Allison Lee Michael Lee Soohyun Lee Victoria Lewis Alice Li Qing Li George Lin Ali Lippert David Lipworth Bozhena Lisko, Murphy Mark Littlewood Zhenyi Liu Yelli Lobel Avinash Lobo Burke Loeffler Gabriela Lopez Cristian Lopez, Balboa Carlos Lopez Torrero Stephanie Louie Edward Lowe Reynolds Lowry Fei Luo Ranjan Luthra Sangeetha M Martin Ma Matthew Maciaszek Michael Magee Steffen Mahringer Poonam Majithia Terres Maloney Gopal Manchikanti Jade Mandel, Manfay Varun, Pierre Marboeuf Matt Margolin Thiago Marinheiro Kevin Martens Masato Maruyama Lucinda Mataka Rishi Mathur Pierre Maugest Scott Maxfield Andrei Maxim Michael McClurg Selina McCole Jeff McCown Andrea McGee Sinead McGuigan John McGuinness Benjamin McRoberts Amit Mehrotra Gaurav Mehta Kelly Mellecker Josef Menasche Raf Mercado Alexander Mielke Rachel Miles Christopher Miller Megan Miller Robert Miller Max Minton Edward Mitchell Oliver Money Tyler Moni Anna Montvai Taylor Moore Anthony Moschella Brandon Moy Faraz Munaim Sasha Munn Ashok Musuvathy Negar, Julian Naden Robinson Hiroki Nagamine Srijith Nair Cornelius Namiluko Sanjiv Nanwani Jay Narain Robert Andranik Nazarian Jovan Negovan Ryan Newman Michael Ng, Tasuku Nishihara John Nixon Kristy Nomi Alexandre Nunes Patrick O'Callaghan Yusuke Ochi KC O'Connor David Olivares Erica Olsen Victoria Ortengren Anas, Peter Pace Robert Packwood Nitin, Ellen Pak Ruth Pan Pedro Panizo Jayshri, Rahul Parikh Dan Parisi Freddie Parker Phil Parsons Peter Paruch Paul Pate Bella Patel Preya Patel Rakesh Patel Amit Patni Ed Paulinski Adam Pennacchio Kyle Penton Abhishek Periwal Michael Perrier Yoric Perrin Rasmus Persson Tommy Pinhas, Marco Poletti Megan Prasad Avijit Praveer James Puccinelli Sameer Punde Rob Pyne Na Qiao Valentina Quadri Marco Quirico Anya Radford Abhishek Rai Rahul Raj Ram Rajamony Ryan Ramsay Rami Rankoussi Nach Rao Pawan Rao Anurag Rathi Philip Renton Noel Reyes Ruth Reynolds Timothy Richards Peter Richter Brigid Riley Hutchinson Nick Rill Kristina Ristagno Vicky Ritter Martin Roberson James Roberts James Robinson Giorgio, Erin Roos Erin Ross Sumit Roy Conrad Ryan Soo, Ryu David Sage Jai Sahani Namita, Sarah Sakkej Karim Saleh Ayesha Salman Divya Samani Henrik Samuelsson Ryan Sansalone Vikram Sarker Shalini Satish Babu Charlotte Saury, Hania Schmidt Helene Schmitt Emily Schorr Wendy Schrunk Thomas Schwegler Michael Sciancalepore Brandon Seaman Benjamin Seigel Gamal Selvarajah Nicholas Semeniuk Devjoy Sengupta Michael Shafik Arpan Shah Shashwat Shah Shahnawaz Shahbaz Manoj Sharma Sachin Sharma Wazila, Gunduz Shirin Alex Silver Asmita Singh Kamalpreet Singh Andrew Sinnott Sapna, Dan Skinner Andrew Snow Stephanie Snyder Farouk Soussa Christopher Spahr Erik Sparks Matt Speltz Naveen Srinivasan Bhargav, Warren, Damian Steele Tobias Stein Catherine Stemp Dave Stringer Shekar Subramanian Jordan Sudy Philipp Suess Fatima Sultana Lu Sun Kumar Sundaram Fiona Syer Matthew Sykes Tofi, Filippo Taddei Sandhya Tadishetty Omer Tanvir Rita Taylor Zachary Tcheyan Brian Teague Wesley, Caitlin Terry Thomas Tesauro Hemal, Justin Therry Christine Thornburg Gregory Thysheril Angelo Tierno Alexander Tingle Ryan Townsend Cynthia Trillo Dimitris, Jessica Tung Jonathan Tung Ezgi, Zachary Upcheshaw Kiyomi, Nadine Urseanu Jim Vais Pim Valantagul Perrin Van Allen Annerieke van Dijk Jeroen van Dorp Dennis van Laer Todd van Stolk, Riley Jacqueline Vargas Alexander Vavalidis Edwin Velez Prasanna Venugopal Tim Verheyden Amanda Verstegen Ankit Vijay Vargiya Salvador Villanueva Arthur Villard Sichel Denzel Voesenek Bradley Wainwright Adam Walker Barbara Walters Omar Waly Daniel Wang Kenneth Wang Kristen Ward Gavin Warren Michael Washington Harry Webster Fredrik Weege Brian Weiss Thomas Weitz Nat Wells Joe Wenzel Tim Whitehead Henry Willans Matthew Williams Taylor Williams Katie Wilson Richard Wilson Stephanie Wisner Ilana Wolfe Jake Woodson Jeff Wu Qi Wu Jackson Yang Esma, Yoon Harm, John Zhai Jenny Zhang Lynn Zhang Raye Zhu Jane Zhuang Hans Zijlmans Carolyn Zimmer Samia Zitouni Mira Zorkot Organizations: Goldman, Wall, Carolina, Nick De Kock Ann de la Montaigne, Langalia Chaim Langer Alexander Langley Raven LaRue Dolapo Lawal Claire Leblanc Mary Locations: Europe, Asia, India

☆ 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

☆ 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

☆ Take advantage of this stock market correction and another quarter of strong earnings by making these 10 moves now, according to top strategists at 4 investment firms
▼ + stars: | 2023-11-01 | by ( James Faris | ) www.businessinsider.com time to read: +7 min

The S&P 500 is down 7% since the start of September and briefly entered correction territory from its summer high last week. However, strategists say these threats are mostly priced into stocks, but higher earnings aren't. After three straight quarters of contracting profits, both BofA and UBS expect earnings to grow at least 3% year-over-year in Q3. "Within the context of our expectations for a continued choppy backdrop, we are incrementally more positive," Lerner wrote in a late October note. Truist's more constructive view on equities is based on strong results so far in Q3, Lerner wrote.

Persons: Oppenheimer, Savita Subramanian, Marcelli, David Lefkowitz, Lefkowitz, John Stoltzfus, Stoltzfus, Keith Lerner, Lerner, it's, Truist, Mark Haefele Organizations: Bank of America, UBS, Bank of America's, Equity, UBS Global Wealth Management, Federal Reserve, Israel, Oppenheimer Asset Management Locations: Israel, Ukraine, Truist, Real, Charlotte

☆ 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

☆ 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

☆ 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

☆ 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

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