Analysis-'Overdue' pullback in US stocks to test dip-buyers' resolve

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Geopolitical shocks should be bought, not sold - BofA

April 22, 2024 10:14 AM EDT

Bank of America Securities analysts said in a research note Monday that they believe geopolitical shocks should be bought, not sold.

The bank is constructive, however, they note that further escalations in the Middle East could evolve into a tail risk.

Furthermore, BofA states that a... More

UBS and BofA weigh in on S&P 500 earnings so far

April 22, 2024 6:24 AM EDT

Analysts at Bank of America Securities and UBS have released notes providing their view of S&P 500 earnings so far, with guidance and margins highlighted as strong points.

72 S&P 500 companies (21% of index earnings) have reported so far.

BofA said in its note on Monday that demand has been weak, but margins are strong. There is a 6% earnings per share (EPS) beat and a 1% sales beat.

The proportion of sales beats is weaker than the historical average (59%),... More