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%

Nederland Nieuws Nieuws

Nederland Laatste Nieuws,Nederland Headlines

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.

Wij hebben dit nieuws samengevat zodat u het snel kunt lezen. Bent u geïnteresseerd in het nieuws, dan kunt u hier de volledige tekst lezen. Lees verder:

 /  🏆 12. in NL
 

Bedankt voor uw reactie. Uw reactie wordt na beoordeling gepubliceerd.

Nederland Laatste Nieuws, Nederland Headlines

Similar News:Je kunt ook nieuwsberichten lezen die vergelijkbaar zijn met deze die we uit andere nieuwsbronnen hebben verzameld.

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.
Bron: MarketWatch - 🏆 3. / 97 Lees verder »

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%.
Bron: MarketWatch - 🏆 3. / 97 Lees verder »