News Formal

'Reacceleration ahead': Bank of America names global tech stocks to buy — predicting growth in the second half

  • 📰 CNBC
  • ⏱ Reading Time:
  • 25 sec. here
  • 13 min. at publisher
  • 📊 Quality Score:
  • News: 51%
  • Publisher: 72%

STOXX 600 Nouvelles

Capgemini SE,SAP SE,Sage Group PLC

Despite a challenging earnings season and mixed results in the second quarter, the bank sees potential for acceleration in critical areas of the industry.

Bank of America analysts painted an optimistic picture for a handful of European technology stocks, forecasting an acceleration in growth during the latter half of this year. Despite a challenging earnings season and mixed results in the second quarter — which contributed to the 10% fall in European technology stocks since mid-July — the bank sees potential for acceleration in critical areas of the industry. .

The bank's analysts said companies disclosed numerous challenges facing the sector in their second-quarter earnings, including softening demand and longer sales cycles in some areas, ongoing efforts to monetize artificial intelligence technologies, and a widespread focus on cost efficiencies and margin expansion. Despite these challenges, Bank of America sees reason for optimism and named several stocks it believes are well-positioned to benefit from this anticipated reacceleration.

 

Merci pour votre commentaire. Votre commentaire sera publié après examen.
Nous avons résumé cette actualité afin que vous puissiez la lire rapidement. Si l'actualité vous intéresse, vous pouvez lire le texte intégral ici. Lire la suite:

 /  🏆 12. in BE

Belgique Dernières Nouvelles, Belgique Actualités

Similar News:Vous pouvez également lire des articles d'actualité similaires à celui-ci que nous avons collectés auprès d'autres sources d'information.

Bank of America names 3 ETFs and a handful of stocks that will benefit from AICard-description
La source: CNBC - 🏆 12. / 72 Lire la suite »

India's central bank holds rates again despite global market volatilityIndia's central bank holds rates again despite global market volatility
La source: Investingcom - 🏆 450. / 53 Lire la suite »

Bank of America offers a market hedge in case Nvidia earnings disappoint this weekNvidia's earnings report on Wednesday could spark a slide for a stock market that is still fragile from the sell-off earlier this month, according to BofA.
La source: CNBC - 🏆 12. / 72 Lire la suite »

These ETFs will thrive as U.S. manufacturing investment grows, Bank of America saysA group of exchange-traded funds holds stocks from a variety of sectors and boast strong, long-term track records.
La source: CNBC - 🏆 12. / 72 Lire la suite »

Stocks like Nvidia are table-pounding buys, Bank of America saysStocks like Nvidia still have more room to run this summer, according to Bank of America.
La source: CNBC - 🏆 12. / 72 Lire la suite »