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☆ Dividend stocks are poised to outperform, says Bank of America. Here are names on its list
▼ + stars: | 2024-04-26 | by ( Michelle Fox | ) www.cnbc.com time to read: +3 min

The U.S. economy is flashing a sign that's favorable for dividend stocks, according to Bank of America. In this environment, investors want to own dividend stocks with above-market yields, she said. For those characteristics, she looks to quintile two of the Russell 1000 by trailing dividend yield. Her screen guards against owning distressed companies that might move into the first quintile, the highest dividend yield group, if prices fall ahead of potential dividend cuts. APA has a 3.1% dividend yield, while HF Sinclair yields 3.5%.

Persons: Savita Subramanian, Subramanian, Russell, Jeffrey Martin, CNBC's Jim Cramer, John Christmann Organizations: Bank of America, Bank of, AES, APA, Sinclair, Callon Petroleum, CNBC, Citigroup, Citi Locations: U.S

☆ BofA's Savita Subramanian: More to the S&P 500 than just semiconductors and megacap tech companies
▼ + stars: | 2024-04-26 | 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: More to the S&P 500 than just semiconductors and megacap tech companiesSavita Subramanian, BofA Securities head of U.S. equity and quantitative strategy, joins 'Squawk Box' to discuss the latest market trends, state of the economy, the Fed's interest rate outlook, and more.

Persons: Subramanian Organizations: BofA Securities

☆ Stock market today: Indexes jump to close best week since November as investors cheer tech earnings
▼ + stars: | 2024-04-26 | by ( Yuheng Zhan | ) www.businessinsider.com time to read: +3 min

NEW LOOK Sign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. AdvertisementUS stocks closed higher on Friday to end the best week since November, with tech rallying after earnings from mega-cap stalwarts. Instead, traders focused mostly on earnings strength from Alphabet and Microsoft. In a Friday note, Fundstrat's Mark Newton pointed out that the earnings of Alphabet and Microsoft are paving the way for a broad rally. Next week, Apple and Amazon, will release earnings and investors will be focused on the Fed's next policy meeting scheduled for April 30-May 1.

Persons: —, Fundstrat's Mark Newton, Savita Subramanian, we're, it's, Subramanian Organizations: Microsoft, Service, Federal, Amazon, Nvidia, Technology, Bank of, CNBC, Apple, Dow Locations: Here's

☆ These undervalued dividend stocks are poised for a rebound, according to Wall Street
▼ + stars: | 2024-04-01 | by ( Michelle Fox | ) www.cnbc.com time to read: +4 min

Investors looking for income along with potential capital appreciation may want to check out a few underperforming dividend stocks. Still, dividend stocks tend to do well during periods of economic recovery, which is now underway, Bank of America said recently . At least 51% of analysts covering these stocks rate them a buy or overweight, and the names have at least 10% upside to the average price target, according to FactSet. Here are those stocks: Mondelez currently has a 2.4% dividend yield and 20% upside to the average price target. About 65% of the analysts covering the stock rate it a buy or overweight, per FactSet.

Persons: Savita Subramanian, Mondelez, Dirk Van de, Christopher Del Moral, Niles Organizations: Bank of America, CNBC, Oreo, Ritz, Chesapeake Energy, Southwestern Energy, East West Bancorp Locations: U.S, Europe, snacking, Marcellus Shale, East

☆ A 32-year market vet warns the S&P 500 is set to fall 50%-70% in the years ahead with valuations at historic highs — and says that an imminently weakening labor market will be the catalyst for the cra
▼ + stars: | 2024-03-30 | by ( William Edwards | ) www.businessinsider.com time to read: +6 min

According to Bank of America, valuation levels explain 80% of the market's return over a 10-year period. Bank of AmericaThere are many ways to measure valuation levels in the overall market. Hussman says it's the most accurate indicator of future market returns that he's found. AdvertisementThe Conference BoardThird, the number of US states with a rising unemployment rate is spiking, meaning that the overall unemployment rate should see further upside. BullAndBearProfits.comThe US unemployment rate is already on a slight uptrend, having climbed from 3.4% in April 2023 to 3.9% as of February.

Persons: —, Jon Wolfenbarger, Merrill Lynch, John Hussman's, he's, Warren Buffett, Wolfenbarger, Stocks, Woflenbarger, Cam Harvey, Claudia Sahm, Louis Fed, Jeremy Grantham, John Hussman, David Rosenberg, Goldman Sachs, David Kostin, America's Savita Subramanian, Ian Shepherdson, Shepherdson Organizations: Service, Bank of America, Business, JPMorgan, National Federation of Independent Business, Board, Treasury, Bank, America's

☆ Bank of America sees opportunity in dividend stocks. Here are a few names it's highlighting
▼ + stars: | 2024-03-22 | by ( Michelle Fox | ) www.cnbc.com time to read: +4 min

Select dividend stocks could help boost investors' portfolio returns as the U.S. economy continues to improve, according to Bank of America. Investors should seek out companies with above-market dividend yields that are secure, not stretched, Subramanian advised. Among the energy names on the list is Chevron , which has a 4.2% dividend yield. The stock has an average rating of overweight and 14% upside to the average analyst price target, according to FactSet. Meanwhile, with Fifth Third Bancorp , investors can enjoy a 3.8% dividend yield.

Persons: Savita Subramanian, Subramanian, Russell, Michael Wirth, CNBC's Organizations: Bank of America, Investors, Chevron, American Electric Power, Consolidated Edison, Utilities, Fifth Third Bancorp, Bancorp, Essex, Hotels, Resorts Locations: U.S

☆ These 7 portfolio stocks boosted their dividends this year, with more likely on the way
▼ + stars: | 2024-03-15 | by ( Kevin Stankiewicz | ) www.cnbc.com time to read: +6 min

The hikes also sweeten the potential total return for their stocks at a time when some Wall Street strategists are shining a light on that performance metric. That performance metric captures not just stock price moves but also gains from reinvested dividends. The difference between stock price performance and total return can be substantial, underscoring the benefits of reinvesting dividends. Consider that over the past 10 years, Linde's stock price has climbed 260%, according to FactSet. Eaton's stock price has climbed 321% over the past decade while its total return is 462%.

Persons: Savita Subramanian, Jim Cramer's, Eli Lilly, Linde, Stanley Black, Decker, Jim Cramer, Jim, Spencer Platt Organizations: Disney, TJX Companies, . Eaton Corp, Linde, DuPont de Nemours, Coterra, Procter, Gamble, Bank of America, Meta, Alto Networks, Bausch Health, Abbott Laboratories, Broadcom, Costco Wholesale, Ford Motor, Nvidia, Apple, Costco, Jim Cramer's Charitable, CNBC, New York Stock Exchange, Getty Locations: Cincinnati, New York City

☆ JPMorgan is staying steadfastly bearish, saying market ignoring substantial risks
▼ + stars: | 2024-03-12 | by ( Sarah Min | ) www.cnbc.com time to read: +3 min

JPMorgan is sticking to its bearish thesis amid a more optimistic outlook on Wall Street, saying investors are ignoring key market risks. The Wall Street firm is an outlier among the major banks when it comes to year-end forecasts. As of Monday's close, JPMorgan expects the S & P 500 will tumble more than 17% to its 2024 target of 4,200, according to CNBC's market strategist survey . The S & P 500 has repeatedly notched all-time highs on the back of the artificial intelligence trade. The AI beneficiary, which has been a major driver for the S & P 500's gains this year, could drag the benchmark should it start to sell off.

Persons: Marko Kolanovic, Goldman Sachs, David Kostin, America's Savita Subramanian, Kolanovic, NVDA Organizations: JPMorgan, Bank, America's, Nvidia Locations: Gaza, Ukraine

☆ Bank of America raises S&P 500 outlook to tie highest 2024 forecast on Wall Street
▼ + stars: | 2024-03-04 | by ( Yun Li | ) www.cnbc.com time to read: +2 min

Bank of America is now one of the biggest bulls on Wall Street. .SPX 1Y mountain S & P 500 Bank of America hiked its forecast after companies showed that profit margins have held up despite big swings in interest rates and inflation. The S & P 500 has rallied about 8% this year and scored consecutive record highs. Subramanian noted that the advance in the S & P 500 has been "stubbornly narrow," with four stocks driving 45% of the February gains. "We expect leadership to broaden as the gap between earnings growth of the Magnificent 7 and the rest of the S & P 500 begin to narrow," she said.

Persons: Savita Subramanian, Subramanian Organizations: of America, BofA Securities, UBS, CNBC Pro Market, Survey, Bank of America

☆ Stocks enter 'belief' phase with most investors converted to bulls. What it means going forward
▼ + stars: | 2024-03-02 | by ( Michael Santoli | ) www.cnbc.com time to read: +9 min

The sheer persistence of the equity rally, with the S & P 500 up 16 of 18 weeks and refusing to succumb to supposed late-February seasonal weakness, has converted the cautious. Still, by some lights, stocks' valuation is one of the better sentiment indicators, and by that measure the investment community is pretty enthusiastic. More simply, we continue to see elevated but not alarming P/Es in the S & P 500 broadly while the median P/E of the top 10 names in the index remains close to past peaks." Coming at a time when the S & P 500 is more than 13% above its 200-day moving average — pretty stretched — and we haven't had even a 3% pullback since October. The "right" cyclical sectors are leading (industrials and consumer discretionary in addition to tech), and the equal-weight S & P 500 is nosing toward its old high.

Persons: Scott Rubner, maven, Goldman Sachs, there's, it's, hustled, gunning, BofA's Savita Subramanian, Citi's Scott Chronert, Barclays Venu Krishna, Lori Calvasina, haven't, I've, We've, Stocks, – Organizations: Micro, Dell Technologies, ARM Holdings, Bank of America, Barclays, Big Tech, Tech, Federal, Fed Locations: U.S

☆ 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

☆ 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

☆ 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 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

☆ 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

☆ 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

☆ '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

☆ 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

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