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BofA's Hartnett Sees Pressure on Risk Assets If Bond Plan Fails
Bloomberg34d agoneutral
BofA's Hartnett Sees Pressure on Risk Assets If Bond Plan Fails

A failure in the US Treasury's plan to tame long-term bond yields would pressure the dollar and spur short bets against riskier assets in the lead-up to November midterm elections, according to Bank of America Corp. strategist Michael Hartnett.

Is Bank Of America (BAC) Undervalued As Its August Bond Issuance Raises Fresh Questions?
Simply Wall St.35d agoneutral
Is Bank Of America (BAC) Undervalued As Its August Bond Issuance Raises Fresh Questions?

Bank of America (BAC) has been active in August’s bond market, announcing and completing several senior unsecured note offerings with maturities ranging from 2029 to 2046, featuring fixed and step-up coupons as well as call features. See our latest analysis for Bank of America. Against this busy August funding backdrop, Bank of America’s share price has eased in the very short term, with a 1 day share price return that declined 2.07% and a 7 day share price return that declined 3.48%. This...

Does BofA’s Upgrade and Buyback Boost Change the Bull Case For Etsy (ETSY)?
Simply Wall St.35d agobullish
Does BofA’s Upgrade and Buyback Boost Change the Bull Case For Etsy (ETSY)?

Etsy recently appeared at Canaccord Genuity's 46th Annual Growth Conference in Boston and, soon after, received an upgrade from Bank of America Securities, which cited improved execution and conservative growth estimates under CEO Kruti Patel Goyal. Bank of America also pointed to stronger mobile engagement and the potential for more than US$1.00 billion in share buybacks following the Depop sale as reasons for its more positive stance. We’ll now examine how Bank of America’s upgrade, driven...

3 Moves to Protect You From a 60/40 Nightmare
Barrons.com35d agoneutral
3 Moves to Protect You From a 60/40 Nightmare

A bond market selloff has pressured 60/40 investment portfolios, which have returned 8% on average this year compared with 13% for the S&P 500. Investors can look to healthcare stocks for relief.

Why Workday (WDAY) Stock Is Trading Up Today
StockStory36d agoneutral
Why Workday (WDAY) Stock Is Trading Up Today

Shares of enterprise software company Workday (NASDAQ:WDAY) jumped 4.5% in the afternoon session after Bank of America significantly raised its price target on the stock, while Barclays reiterated a positive rating, a TipRanks report revealed.

Software Stocks Are Bouncing Back From AI Fears. BofA Sees More Gains Ahead.
Barrons.com36d agoneutral
Software Stocks Are Bouncing Back From AI Fears. BofA Sees More Gains Ahead.

Investors have become all too familiar with the fact that the software sector is under pressure as Wall Street worries about the impacts of artificial intelligence. As AI models become more advanced, fears that those models will eventually replace critical software functions escalate. Shares of creative software firm Adobe for example, have dropped 23% this year while shares of enterprise software company ServiceNow have fallen 17%.

HP earnings preview: BofA expects PC share gains but margin trough ahead
Proactive36d agoneutral
HP earnings preview: BofA expects PC share gains but margin trough ahead

HP Inc (NYSE:HPQ) is expected to hold its full-year guidance steady when it reports fiscal third-quarter results on August 26, even as mounting memory chip costs squeeze margins in its Personal Systems business, according to Bank of America. The bank's analysts see Personal Systems revenue...

Nvidia Trades At 50% Discount
24/7 Wall St.36d agoneutral
Nvidia Trades At 50% Discount

Bank of America sees Nvidia shares trading at a steep discount to where they should be, but the bold price target rests on assumptions that could unravel fast given the debt piling up across the AI industry.

Bain Capital Specialty Finance (BCSF) Stock Fair Value Falls As Analysts Cut Outlook
Simply Wall St.36d agobearish
Bain Capital Specialty Finance (BCSF) Stock Fair Value Falls As Analysts Cut Outlook

The fair value estimate for Bain Capital Specialty Finance has shifted lower, moving from US$13.83 to US$12.67 as part of the latest analyst update. This adjustment aligns with Street research that now clusters price targets around US$12 to US$13. It reflects a balance between solid liquidity and concerns around net asset value, credit quality, and refinancing costs. As you read on, you will see how this evolving narrative may shape expectations and what to watch next around Bain Capital...