Become an InsiderBank of America analyst Joe Lovallo says housing stocks still have a lot of room to rise, but 2021 might be more complicated than it looks for the sector.
Nine months into the pandemic, that's become a well-told story, and it's worked out very well for investors in companies like homebuilders and home improvement retailers and suppliers. But Bank of America equity research analyst John Lovallo argues that it's off base in a couple of important ways. That challenges the notion that city dwellers are abandoning cities to find homes that they'll renovate and fill with new furniture. That idea has helped home furnishing and improvement stocks flourish, but Lovallo says investors' faith in those knock-on effects might be a bit misplaced.
Some of those affordability concerns come from the threat of increased mortgage rates. His firm thinks the Federal Reserve may cut back on its purchases of mortgage-backed securities and buy more Treasury notes instead, which could put upward pressure on rates.
Let it also highlight they are a RIPPLE LABS / XRP partner 🤣🤣🤣🤣🤣🤣🤣
ประเทศไทย ข่าวล่าสุด, ประเทศไทย หัวข้อข่าว
Similar News:คุณยังสามารถอ่านข่าวที่คล้ายกันนี้ซึ่งเรารวบรวมจากแหล่งข่าวอื่น ๆ ได้
Stock picks to buy, small companies, value names for recovery: BofA - Business InsiderBANK OF AMERICA: Buy these 31 unheralded stocks as the recovery's hottest trades of recent months continue to gain strength in 2021 Rocket ship? Really?
แหล่ง: BusinessInsider - 🏆 729. / 51 อ่านเพิ่มเติม »
GameStop stock price outlook: 93% downside on weak earnings, BofA says - Business InsiderBofA warns GameStop stock could plunge 93% as weak earnings and skeptical turnaround plan will weigh on the business Bofa what? BarstoolBigCat 😂😂😂😂 You can’t pump money into something that has no innovation 😂
แหล่ง: BusinessInsider - 🏆 729. / 51 อ่านเพิ่มเติม »
Prince of Wales unveils new BofA-backed sustainability charter - Business InsiderBusiness Insider tells the global tech, finance, markets, media, healthcare, and strategy stories you want to know. CHARLIE just be a pensioner and play bingo ,keep your ideas to yourself..
แหล่ง: BusinessInsider - 🏆 729. / 51 อ่านเพิ่มเติม »
Stock picks to buy, best business models to beat the market: MS - Business InsiderMorgan Stanley handpicks 18 US stocks to buy for the best business models that deliver market-beating returns for years to come Fuck Morgan Stanley and RobinhoodApp 'Morgan Stanley handpicks 18 US stocks THEY HAVE HEAVILY INVESTED IN'
แหล่ง: BusinessInsider - 🏆 729. / 51 อ่านเพิ่มเติม »
Stock picks to buy, 22 stocks still below pre-pandemic levels: Goldman - Business InsiderGOLDMAN SACHS: These 22 stocks still haven’t recovered to pre-pandemic levels — and are set to explode amid higher earnings in 2021 as the economy recovers I h8 click bait. If you need minimalistic logo, you can order here
แหล่ง: BusinessInsider - 🏆 729. / 51 อ่านเพิ่มเติม »