UPDATE: Baird Downgrades Bank of America (BAC) to Neutral
- Wall Street stocks fall as weak GDP growth spreads rate-cut gloom
- Q1 US GDP shows surprise slowing and uncomfortable inflation
- Alphabet (GOOGL) soars 16% on Q1 results beat, first-ever dividend
- Meta shares dip on softer Q2 revenue guidance, elevated AI spending plans
- Oil settles higher as weak U.S. economic growth offset by supply concerns
- IBM tumbles on soft Q1 revenue; announces HashiCorp $6.4bn acquisition
- Hasbro (HAS) brand strength sees earnings top expectations
- Meta Platforms (META) Tops Q1 EPS by 39c, Offers Guidance
- Seagate Technology (STX) Enters $600M Asset Purchase Agreement with Avago
- Rubrik (RBRK) Prices Upsized 23.5M Share IPO at $32/sh
- After-hours movers: Alphabet, Microsoft, Snap, Intel, and more
- Midday movers: Meta, IBM, Caterpillar fall; Chipotle rises
- After-hours movers: Meta, Ford, IBM, ServiceNow and more
- Midday movers: Tesla, Boeing rise; Uber, Old Dominion Freight fall
- After-hours movers: Tesla, Texas Instruments, Seagate, Visa and more
Wells Fargo Introduces 35 "Signature Picks" - Here's Which Stocks Made It
May 3, 2021 7:17 AM EDTChristopher Harvey, a senior research analyst at Wells Fargo, unveiled today the "Signature Picks" portfolio consisting of 35 stocks.
A portfolio, accessible under the Bloomberg ticker WFSSBEST Index, highlighting the banks "best stock ideas in a diversified, risk-adjusted package." The goal is to outperform the S&P500 over a 1-year period via stock selection, not sector rotation, Harvey writes in a note.
Signature Picks has no preordained style/factor biases (unlike our former model portfolio, the QQP). It is designed to be an eclectic/opportunistic portfolio with a... More
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