Historically, high-quality, cash-generating stocks perform best in this phase.'A bird in the hand is worth two in the bush' is the theme Bank of America is touting during this earnings season, according to an April 14 note from the equity and quant strategy team led by Savita Subramanian.
In other words, as the economy moves deeper into a downturn, forget about expectations and go for high-quality, cash-generating, shorter-duration stocks, says the bank.
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Bank of America Sailed Through the Banking CrisisBank of America’s first-quarter earnings are out this morning. The Charlotte, N.C.-based bank is the nation’s second largest. Here are the highlights: Bank of America earned $8.16 billion, up 15% from $7.07 billion a [year earlier](https://www.wsj.com/articles/bank-of-americas-quarterly-profit-fa Shocking that a big bank is killing it 🙄 There's a banking crisis & y'all want to just play cheerleader to those who are sailing through it? Seems yr missing the bigger story... BankofAmerica punishes its financially unstable clients by holding check deposits as punishment for overdrawing your account too many times in the past six months!!
Source: WSJ - 🏆 98. / 63 Read more »