Fears about stagflation are haunting Wall Street, and helped push stocks to their worst monthly fall since March 2020 in September.

And tightness in the global natural gas market could put more upward pressure on crude as high natgas prices encourage switching to oil.

Bank of America initiated coverage of Lucid Motors on Wednesday with a "buy" rating and price target of $30. The stock currently trades around $19.

BofA raised its 12-month price target on Best Buy to $157 after the retailer posted stronger-than-expected second-quarter earnings.

Bank of America and Goldman Sachs both slashed forecasts for third-quarter growth. Americans just aren't spending enough to keep the recovery booming.

The market has been "excessively pessimistic" about El Salvador's move to adopt bitcoin as legal tender, Bank of America analysts said.

"We think Amazon remains in a solid position, with US retail growth likely above industry growth rates," BofA analysts said.

Fund managers are far less bullish over growth, earnings and inflation but investors are still keen on cyclicals and commodities exposure.

The new operation will be run by Alkesh Shah, who previously led the firm's global technology specialist team.

GameStop had an underperform rating from Bank of America before the investment bank ended coverage of the Wall Street Bets favorite.

Bank of America's traders reaped rewards from volatile markets, while the US economic rebound helped the bank release reserves.

The communication services stocks have seen several weeks of near-record outflows as the 10-year Treasury yield rebounded, the bank said.

Coronavirus has been the main "tail risk" for fund managers since February last year. Now inflation is the bigger worry, BofA said.

Bank of America expects Google and Twitter to outperform tech peers in the first half of 2021 as online advertising bounces back. The bank’s strategists lifted their forecasts for ad spending on Wednesday. Global spending will grow 22% in 2021 to $US411 billion, while US spending will rise 23% to […]

A contrarian indicator from Bank of America that measures investor bullishness jumped in November as vaccine progress sparked optimism on Wall Street. BofA’s Sell Side Indicator rose to 57.8%, the highest level of bullishness in 18 months. Usually when Wall Street is bullish, that’s a bearish sign for stocks, according […]

Bank of America recently released its 2021 stock market outlook. Strategists led by Savita Subramanian detailed their preferred sectors, key investment themes, and a 2021 year end S&P 500 price target of 3,800. The strategists told investors 2 critical rules to follow for higher returns: extend your investment horizon and […]

Nvidia’s strong third-quarter results are foreshadowing continued outperformance over the next year, Bank of America analysts said in a recent note. The team led by Vivek Arya lifted its price target on Nvidia shares to $US665 from $US650, implying a 24% rally from Thursday’s closing level. Demand for Nvidia’s chips […]