Stocks eke out gain as Nvidia rally slows, yields slip
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BofA raises European mining stocks to overweight, cuts luxury
February 23, 2024 9:54 AM ESTIn a European equity strategy note to clients on Friday, BofA analysts raised the mining sector to Overweight and lowered the luxury sector to Marketweight.
The firm also revealed it remains negative on European equities given the scope for slower US and Euro area growth.
"Ater the recent... More
Citi on Large-Caps: 'strong earnings suggest that the current run up is less of a bubble than is feared'
February 23, 2024 6:24 AM ESTCiti on Large-Caps: 'strong earnings suggest that the current run up is less of a bubble than is feared'
The analyst comments "Large cap stocks with strong rallies into earnings on average drift higher. We run a quick study on extraordinary performance around earnings, as we have seen from NVDA. We collect data on S&P constituents in the last 30 years, some 1120 tickers and analyze the times where the stock has rallied 35%... More
