9 Financials Stocks Whale Activity In Today's Session

Benzinga13:35 ET

Goldman Sachs: Technology stocks and small cap stocks regaining attractiveness.

Luke Barrs, the global head of fundamental stock portfolio management for Goldman Sachs Asset Management, said that the recent sharp drop in the U.S. stock market has eliminated a lot of the bubbles in the market, and has made some technology and small-cap stocks attractive again. "What we are looking at now is whether we can buy select technology and small-cap stocks, and we believe that normalization of interest rates should be helpful to this still undervalued asset class," Barrs said. As investors are worried about a future economic downturn, the U.S. stock market has fallen in the past month, with S&P 500 index down 4.6%. Following the data showing a decrease in applications for unemployment benefits, this

環球市場播報Aug 9 10:06 ET

Bank of America strategist Hartnett: The market has not yet fallen below a key level.

Bank of America strategist Michael Hartnett said that global financial markets turmoil has not yet reached the level of implying concerns about an economic hard landing. Despite the S&P 500 index falling about 6% since hitting a record high in mid-July, the index remains above its 200-day moving average of about 5050 points, and the yield on 30-year US Treasury bonds has not fallen below 4%. "The Wall Street view of a technical shift from a soft to a hard landing has not been broken," Hartnett wrote in the report. He added that "investor feedback is 'exhausted,' but the expectation of a Fed rate cut implies a market slump."

環球市場播報Aug 9 07:27 ET

The Total Return for Bank of America (NYSE:BAC) Investors Has Risen Faster Than Earnings Growth Over the Last Five Years

Yahoo FinanceAug 9 07:01 ET

As Robo-Advisors Top $1 Trillion in Assets, Banks Pull Back

BarronsAug 9 03:30 ET

Bank of America Securities reiterated its "buy" rating on Swire Properties, with a slightly increased target price of HKD 18.

Bank of America Securities released a research report stating that Swire Properties (01972) performance in the first half of the year met expectations, with a slight YoY decrease of 1.1% in core net profit, still 4% higher than the bank's expectations. The interim dividend increased by 3% YoY to HKD 0.34 per share, also exceeding the bank's expectations. The bank reiterated its "buy" rating, and raised the target price from HKD 17 to HKD 18. It believes that the company's unexpected plan of buyback of HKD 1.5 billion will provide a relatively moderate boost to EPS and NAV per share. At the same time, this move, combined with the company's reconfirmation of its annual goal of single-digit growth in dividends per share, should help narrow the discount of the company's NAV. The bank pointed out that the company...

新浪港股Aug 9 00:56 ET