History Says Bear Market Ends in October with S&P 500 at 3020 - BofA's Hartnett

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Deutsche Bank on FedEx (FDX): 'the weakest set of results we've seen relative to expectations in our ~20 years of analyzing companies'

September 16, 2022 11:45 AM EDT

Deutsche Bank on FedEx (NYSE: FDX): 'the weakest set of results we've seen relative to expectations in our ~20 years of analyzing companies'/

Analyst Amit Mehrotra comments "FedEx preannounced the weakest set of results we've seen relative to expectations in our ~20 years of analyzing... More

Stocks are Cheaper, But Still Not Cheap as Multiples Remain 'Far Too High' - BofA

September 16, 2022 8:32 AM EDT

The Fed has more work to do, Bank of America strategist Savita Subramanian tells clients in todays note.

History tells us that if the Fed starts to ease prematurely, we may witness a fresh wave of inflation. In this case, market volatility in the short-run may be a smaller price to pay.

On the valuation front, Subramanian notes... More

We Continue to See Rate Cuts Beginning in 2024 - Morgan Stanley

September 16, 2022 5:29 AM EDT

Morgan Stanley Chief U.S. Economist Ellen Zentner: "We expect the FOMC to raise rates by 75bp at its September meeting and upwardly revise the projected peak rate to 4.1% at end-2023, and we continue to see rate cuts beginning in 2024. Our strategists maintain 1s10s flatteners and paying the
June FOMC."

... More