As of April 2017, 24 of the 31 analysts (~77%), covering Bank of America (BAC) have given it “buy” or “strong buy” ratings, while six analysts have rated the company as a “hold.” Only one analyst has rated the company as a “sell.” BAC’s mean price target is $25.45 per share, implying a 9.9% rise over its current price.
Since January 2017, Bank’s overall rating has deteriorated marginally, with its “strong buy” ratings falling from eight to seven analysts. That one analyst has rated the company as a “sell” reflects this same marginal deterioration.
Among major competitors, J.P. Morgan (JPM) has 15 of the 29 analysts covering the company rating it as a “buy” or “strong buy,” while 13 analysts have rated it as a “hold,” and one has rated it as a “sell.”
For Citigroup (C), 17 of the 29 analysts (~59%) covering the stock have given it “buy” or “strong buy” ratings. Nine analysts have given it a “hold,” while two analysts have given it “underperform” or “sell” ratings.
For Wells Fargo (WFC), 12 of the 31 analysts (~39%) covering the stock have given it “buy” or “strong buy” ratings, while 13 analysts have given WFC “hold” ratings, and six analysts have given it “underperform” or “sell” ratings.
Together, Bank of America’s peers account for 28.9% of the Financial Select Sector SPDR ETF (XLF).
Ford Motor Company (F) sold 236,250 vehicles in the United States in March 2017. That's a YoY (year-over-year) fall of 7.2%.
Broadcom (AVGO) stock fell ~8.5% after markets closed yesterday following the semiconductor giant's fiscal 2019 second-quarter earnings release. It missed analysts' revenue estimate and cut its fiscal 2019 revenue guidance by $2 billion to $22.5 billion due to sluggishness in its semiconductor solutions business.
The SPDR Gold Shares ETF (GLD), which tracks physical gold prices, has underperformed the broader markets year-to-date, rising just 4.4% compared to the S&P 500’s (SPY) gain of 15.9% as of June 14. The sentiment for gold, however, has been turning around.
Safe havens such as Treasuries and gold were back in favor on June 14 as stocks fell due to rising tensions in the Middle East, concerns over growth, and the looming threat of the US-China trade war. The tech-heavy Nasdaq Composite Index fell 0.67% in the first hour of trading.
Lululemon (LULU) stock rose 2.1% on June 13 in reaction to better-than-expected first-quarter results and an upgraded outlook for fiscal 2019 overall. The company's first-quarter adjusted EPS grew 34.5% to $0.74 on revenue growth of 20.4% to $782.32 million. Analysts had expected EPS of $0.70 and revenue of $755.31 million. Here's why the outlook got an upgrade.
As of 4:40 AM Eastern Time today, US crude oil active futures were at $51.83, ~4% below their closing level in the previous week. If US crude oil prices stay at those levels today, they'll mark their third week of decline in five weeks.
Kimberly-Clark (KMB) stock has risen 20.5% this year, boosted by the company’s better-than-expected sales and earnings during its last reported quarter. However, its stock could stop climbing. Here's why.