News Formal

Stocks to buy once election results are clear and volatility eases, according to Bank of America

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

NXP Semiconductors NV News

Markets,Investment Strategy,Stock Markets

Bank of America screened for several lower-quality stocks inversely correlated to the VIX that could see a pop in their share price.

Several stocks could rise if market volatility scales back after Tuesday's U.S. presidential election, according to a Bank of America analysis. Stock market volatility climbed ahead of the election, with the the Cboe Volatility Index — known as Wall Street's "fear gauge" — crossing 23 on Thursday. But with the winner of the election decided, the VIX has eased to around 16 on Wednesday.

2% on Tuesday after posting disappointing fourth- quarter guidance due to macro weakness in Europe and the Americas and in the industrial and internet of things markets. NXP's earnings exceeded estimates by 2 cents per share, however, its revenue was in line with estimates. Its shares are down 2.2% this year This weakness could continue. Morgan Stanley revised its 2024-2025 revenue estimates on NXP lower, expecting a period of stagnation in the automotive semiconductor market.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 12. in NG

Nigeria Nigeria Latest News, Nigeria Nigeria Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Bank of America's guide to the election and stocks that win under Trump or HarrisHere's what Bank of America analysts think the different election outcomes could mean for stocks.
Source: CNBC - 🏆 12. / 72 Read more »

Buy China consumer stocks, Bank of America tells its clientsBuy China consumer stocks, Bank of America tells its clients
Source: Investingcom - 🏆 450. / 53 Read more »

Buy these five stocks ahead of earnings before it's too late, Bank of America saysBank of America said this week there's plenty of quality buying opportunities left in companies that haven't yet reported their latest results.
Source: CNBC - 🏆 12. / 72 Read more »

Stocks making the biggest moves premarket: Goldman Sachs, Bank of America, Walgreens and moreThese are some of the stocks posting the largest moves in premarket trading.
Source: CNBC - 🏆 12. / 72 Read more »

Bank of America likes these stocks with secure dividendsThe firm surveyed Russell 1000 names for trailing dividend yield.
Source: CNBC - 🏆 12. / 72 Read more »

European stocks stagnate; Deutsche Bank falls after returning to profitEuropean stocks stagnate; Deutsche Bank falls after returning to profit
Source: Investingcom - 🏆 450. / 53 Read more »