What’s the IMF’s View on Tax Reform?
According to the IMF (International Monetary Fund), a moderate progressive tax system may not negatively impact economic growth in developed economies (SPY) (EZU).
The broader market S&P 500 Index (SPY) has risen nearly 12% on a year-to-date basis as of October 12, 2017.
Dimon also believes that tax reform could help US businesses be more competitive globally. However, Warren Buffett believes US businesses aren’t really hurting from the US corporate tax.
Jamie Dimon, JPMorgan Chase’s (JPM) CEO, believes that the Trump administration’s tax reform framework “has all of the key ingredients to fuel economic expansion.”
Skyworks Solutions has risen 39.8% on a year-to-date basis as of October 10, 2017. Over the past year, the stock has risen 30.2%.
On a year-to-date basis, Advanced Micro Devices has risen 20.8% as of October 10, 2017. Over the past year, the stock has risen nearly 100%.
BAC raised Inphi’s current target price to $46, which is an 18.0% upside from the closing price on Monday, October 9, 2017.
According to BAC, Broadcom has the potential to provide strong earnings growth in the near future. It’s trading at a lower forward PE multiple than the semiconductor industry.
A Bank of America Merrill Lynch (BAC) research team recently shared its ideas on semiconductor stocks and its optimism for their future performances.
Buffett said in his recent interview with CNBC that the passive investment strategy or indexing strategy should work well in any market situation.
When asked about his favorite banking stocks in his recent interview with CNBC, Warren Buffett said that he is optimistic about Bank of America (BAC).
In his recent CNBC interview, billionaire investor Warren Buffett stated that he still believes in Wells Fargo and CEO Timothy J. Sloan.
The US economy has been improving gradually, but some businesses in the US have suffered a lot over the years.
Buffett believes that stock market valuations are sitting well next to the current interest rate and that stocks are going to outperform bonds.
In his latest interview with CNBC’s Squawk Box on Tuesday, October 3, billionaire investor Warren Buffett shared his views on a range of topics.
Large-cap growth stocks have performed well so far this year. Many investment firms and market participants are expecting value stocks to perform well in the near term.
Mike Wilson of Morgan Stanley is overweight on the financial and technology sectors. He believes these sectors will benefit the most from tax reform.
In an interview with CNBC on September 22, Mike Wilson, chief equity strategist at Morgan Stanley, shared his views on the bull market, the S&P 500 Index, and various sectors.
Julian Robertson’s Tiger Management invested heavily in the information technology sector (XLK) in 2Q17.
Tiger Management’s top five holdings are Celgene (CELG), Blackstone Group (BX), Alibaba Group Holdings (BABA), Boston Scientific (BSX), and Alphabet (GOOG).