News Formal

Bank of America says there are two things that will drive the next bull run in stocks

  • 📰 CNBC
  • ⏱ Reading Time:
  • 20 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 11%
  • Publisher: 72%

대한민국 뉴스 뉴스

대한민국 최근 뉴스,대한민국 헤드 라인

An undervalued artificial intelligence play and a resilient consumer could underpin the next uptick in stocks, the firm posits.

Artificial intelligence's influence on increased productivity and a strong consumer could underpin the next bull run on Wall Street, according to Bank of America. Savita Subramanian, head of U.S. equity and quantitative strategy, said Wednesday that AI advancements will streamline worker productivity and drive future growth for stocks outside of "The Magnificent Seven" that markets have yet to fully capture.

Group members Nvidia and iPhone maker Apple have surged more than 200% and more than 40%, respectively. Subramanian also highlighted resilient consumer spending as another bull case for Wall Street, noting the U.S. in particular is better suited in this sector compared to other regions due to fixed mortgage rates locked in before the Federal Reserve ended its quantitative easing cycle.

이 소식을 빠르게 읽을 수 있도록 요약했습니다. 뉴스에 관심이 있으시면 여기에서 전문을 읽으실 수 있습니다. 더 많은 것을 읽으십시오:

 /  🏆 12. in KR
 

귀하의 의견에 감사드립니다. 귀하의 의견은 검토 후 게시됩니다.

대한민국 최근 뉴스, 대한민국 헤드 라인

Similar News:다른 뉴스 소스에서 수집한 이와 유사한 뉴스 기사를 읽을 수도 있습니다.

Bank of America Corp. stock falls Monday, underperforms marketSupported by world-class markets data from Dow Jones and FactSet, and partnering with Automated Insights, MarketWatch Automation brings you the latest, most pertinent content at record speed and with unparalleled accuracy.
출처: MarketWatch - 🏆 3. / 97 더 많은 것을 읽으십시오 »

Bank of America upgraded to market perform at KBW because ‘the fever broke’ around bond yieldsKBW’s David Konrad sees valuation boost for the bank as Treasury yields drop well below 5%.
출처: MarketWatch - 🏆 3. / 97 더 많은 것을 읽으십시오 »