Wang Ying | Xinhua News Agency | Getty ImagesWith data on employment and consumer spending showing that the United States economy may have already bottomed, it is time for a new group of stocks to lead the way, according to Bank of America.
"We expect a cyclical rebound following containment of COVID-19 and an exit from the 'downturn/recession' phase of our Regime Indicator given pent up demand and a resumption of normal economic activity," the note said.
Pro The recovery?
Pro But they predicted square to lose half its businesses 🤔 I'd think their is some correlation.. no?
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Bank of America issues a 'mea culpa' and boosts its S&P 500 forecast after missing out on the recent rally | Markets InsiderBank of America strategist Savita Subramanian on Monday raised her S&P 500 price target to 2,900 from 2,600 — and issued a 'mea culpa'... The problem with nice people is that they wont tell you that they are hurt. they'll wait for you to realize your mistake.
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There's a 'disconnect' with bank stocks and they should climb higher, top analyst saysWells Fargo's Mike Mayo said on 'Fast Money' that bank stocks can climb higher still after a strong week for the sector. that's crap. their barely suriving even with all the Fed. stimulus money. Key graph in story, a.k.a “burying the lede: “In a note released Monday, Mayo wrote that investor feedback to Wells Fargo since last week’s call to raise price targets indicated a willingness by clients to take larger positions in bank stocks.” First Housing , now it's auto loans ! What next ?
Source: CNBC - 🏆 12. / 72 Read more »