Bank of America Corp.

Buy these ‘free cash flow favorites’ as the S&P 500 prepares to test June lows

Buy these ‘free cash flow favorites’ as the S&P 500 prepares to test June lows

As investors prepare for equities to possibly retest their lows of the year, Evercore ISI has lowered its target on the S & P 500 and said traders should look to buy shares of companies with strong cash flow. Markets have tumbled this week on fears the Federal Reserve’s commitment to aggressive rate hikes through …

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Bank of America to help minorities buy first homes with new mortgages

Bank of America to help minorities buy first homes with new mortgages Morsa Images | Digitalvision | Getty Images To help narrow a homeownership gap among Black and Hispanic-Latino communities, Bank of America is launching new zero down payment, zero closing cost mortgage products to help people in minority communities buy their first homes. The …

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Morgan Stanley warns this corner of the credit market could be first to implode as interest rates rise

Now that Federal Reserve Chairman Jerome Powell has made it abundantly clear that the Fed has no plans to slow the pace of interest-rate hikes, some bond-market experts are warning that the most speculative areas of the credit market might be in for a rude awakening A team at Morgan Stanley MS, -1.14% Warning that …

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What stock buybacks are, and how a new 1% tax affects your portfolio

US President Joe Biden gestures as he delivers remarks on the Inflation Reduction Act of 2022 at the White House in Washington, July 28, 2022. Elizabeth Frantz | Reuters The new 1% excise tax on corporate stock buybacks — a late addition to President Joe Biden’s sweeping tax, health and climate package — adds a …

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This market signal says a bottom is not in, Bank of America claims

Stocks still have further to fall, especially going off one key indicator, according to Savita Subramanian of Bank of America. The Rule of 20 is one of the signposts that Subramanian watches to gauge a market bottom. The rule, which is the sum of year over year consumer price inflation plus trailing price-to-earnings has been …

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Treasury yields slip as investors digest recent US inflation data

Bonds yields slipped Monday, as investors digested the previous week’s wave of data releases and questioned whether the US Federal Reserve may slow its tightening cycle on improved inflation news. The yield on the benchmark 10-year Treasury note was last down 5 basis points at 2.799%, while the yield on the 30-year Treasury bond traded …

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Warren Buffett’s stock shopping spree slows down even during market’s big pullback. Here’s why

Warren Buffett’s stock-buying spree slowed down drastically in the second quarter even during the market’s big correction, and analysts said the “Oracle of Omaha” could be preserving capital for other uses. Berkshire Hathaway ‘s net stock purchase fell to $3.8 billion in the second quarter, compared with more than $41 billion in the first quarter, …

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Most of Warren Buffett’s equity portfolio is tied up in just 5 stocks. Here’s what they are

Warren Buffett’s Berkshire Hathaway just revealed that about 70% of its equity portfolio was concentrated up in just five names. Here’s a look at these high-conviction bets from the investor. While the conglomerate enjoyed a big rebound in operating earnings, it did post a $53 billion loss on its investments during the second quarter amid …

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A ‘shakeout’ among mortgage lenders is coming

A sign hangs from a branch of Banco Santander in London, UK, on ​​Wednesday, Feb. 3, 2010. Simon Dawson | Bloomberg via Getty Images Banks and other mortgage providers have been battered by plunging demand for loans this year, a consequence of the Federal Reserve’s interest rate hikes. Some firms will be forced to exit …

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The $300 billion meme stock that makes GameStop look like child’s play

The Reddit logo is seen on a smartphone in front of a displayed Wall Street Bets logo in this illustration taken January 28, 2021. Dado Ruvic | Reuters Think the meme stock mania is so 2021? Just take a look at AMTD Digital. The little-known Hong Kong-based fintech company saw its shares skyrocket 126% on …

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