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The Latest Breaking News from BofA

Why Analysts Say Lyft's Driverless Bet Won't Deliver Big Growth Anytime Soon

Lyft Inc.‘s (NASDAQ:LYFT) ambitious partnership with Waymo to bring driverless cars to Nashville by 2026 raises questions about its short-term growth potential, as analysts point to limited vehicle supply initially affecting market impact. Despite investing $10 million in a dedicated depot and strengthening its position in autonomous vehicles, Lyft faces…

Benzinga

Cardlytics (CDLX) Stock Soars Over 50% On AmEx News And Citron Tweet

Shares of advertising-platform Cardlytics Inc (NASDAQ:CDLX) are surging Thursday morning. The rally was ignited by a bullish tweet from Citron Research connecting Cardlytics to news of the American Express Co (NYSE:AXP) Platinum card refresh.

Benzinga

ELF Beauty rhode Acquisition To Boost Sales Growth: Analyst

In May, e.l.f. Beauty (NYSE:ELF) agreed to acquire rhode, a beauty brand founded by Hailey Bieber known for its collection of high-performance, skin-focused products.

Benzinga

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Gold To Hit $4,000 By 2026, But This Rally Is 'Less Dramatic' And Quite Different From Historical Peaks, Says Top Bank

The price of gold has reached unprecedented levels, sparking speculation about a historic surge. However, Bank of America (BofA) Global Research suggests that the situation is more complex than it appears.

Benzinga

You've heard that gold is hitting record highs. Not quite, BofA says

You've heard that gold is hitting record highs. Not quite, Bank of America's Commodities team says.

Fortune

BofA sees 'path to a 5% mortgage rate' if the Fed pulls off these 2 things

But it won't be enough to help most Americans afford a home.

Fortune

Psych Hospital Operator Acadia Healthcare Downgraded As It Braces For Medicaid Cuts

Bank of America (BofA) Securities downgraded Acadia Healthcare Inc (NASDAQ:ACHC), a behavioral health company that operates inpatient psych hospitals, residential treatment centers, and outpatient clinics, as well as therapeutic school-based programs.

Benzinga

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Rocket Companies Could See Major Upside With Rate Cuts Approaching: Analyst

Rocket Companies, Inc. (NYSE:RKT) is emerging as a major potential winner from falling mortgage rates, with its strong refinancing share and recent acquisitions setting the stage for growth in both volumes and profitability.

Benzinga

$1 Trillion Is on the Line at Tesla. How Should You Play TSLA Stock Here?

Tesla stock is in focus on Friday after the company’s board proposed a nearly $1 trillion pay package for Elon Musk. Here’s why investors should consider cutting exposure to TSLA shares.

Barchart

Bank of America says the unemployment rate for recent grads is rising faster than all workers

The report finds that over 13% of unemployed Americans in July were “new entrants” or first-time job-seekers, “which skews towards Gen Z.”

Fortune

Nvidia Just Scored a Major Market Share Win. Should You Buy NVDA Stock Here?

Nvidia shares are in focus after a Jon Peddie Research report confirms the AI darling is retaining its dominant market share in GPU sales. BofA says NVDA stock could rally much further from here.

Barchart

With market on edge about Friday's jobs report, new data confirms the economy has the fewest job openings in nearly a year

"The U.S. labor market is slowing down," Bank of America Research wrote on Wednesday morning. Then the JOLTS data dropped.

Fortune

Tesla Now Has an India Problem. What Does That Mean for Hard-Hit TSLA Stock?

Tesla is reportedly seeing weaker-than-expected initial demand in India. Bank of America no longer sees meaningful upside in TSLA shares from current levels.

Barchart

Analyst Favors Cigna, Alignment Healthcare, Cautious On Peers

Cigna Group’s (NYSE:CI) Evernorth Health Services announced on Tuesday a $3.5 billion investment in Shields Health Solutions, a specialty pharmacy management company.

Benzinga

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Benzinga

BofA's Risk-Love Indicator Hits 13-Month High — 'Market Sentiment Is Through The Roof'

Global equity market sentiments have surged to levels not seen in over a year, according to the latest figures put out by Bank of America’s global research team.

Fortune

New home inventory is at its highest level since just before the housing market collapse that led to the Great Recession, but that doesn't mean it's the same market

Since roughly 2022, ResiClub co-founder Lance Lambert told Fortune, "the national power dynamic has slowly been shifting from sellers to buyers."

Benzinga

Boeing's Order Book Soars On Korean Air Mega-Deal And Hopes For China Sales

On Tuesday, Boeing Co. (NYSE:BA) secured a $36.2 billion deal with Korean Air for 103 planes, including a mix of 787, 777, and 737 passenger jets.

Fortune

Streaming has Americans more glued to their screens than ever, but it could all come crashing down in the case of a ‘content recession,’ BofA says

The top 10% of American households are paying over $100 a month for streaming services. How much longer will they?

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Barchart

Trump and Softbank Are Just ‘Noise’ for Intel. Here’s How Wall Street Really Thinks You Should Play INTC Stock.

Down 64% from all-time highs, Intel is a chip stock that might stage a rebound due to its strategic initiatives and AI investments. Is INTC stock a good buy today?

Fortune

You won't get more money from quitting in this economy, BofA says, as job-hopping freezes in white-collar America

Wage increases for job-hoppers have collapsed, BofA finds, while wage growth for job-switchers equals that of job-stayers for the first time since 2010.

Benzinga

Is The Sydney Sweeney Boost Already Fading For American Eagle Stock?

American Eagle Outfitters Inc. (NYSE:AEO) shares slipped Monday after fresh concerns emerged over slowing sales momentum, tariff headwinds, and limited earnings visibility, raising doubts about the retailer’s ability to sustain its recent buzz from celebrity-driven marketing and denim demand.

Fortune

Subdued FX volatility in August is unusual: BofA analysts

Increased volatility is expected for the U.S. dollar-Canadian dollar pair.

Fortune

BofA sees the replacement of people with process solving the 'productivity paradox,' because 'A process is almost free and it's replicable for eternity'

"I think people love this AI technology because it feels like sorcery," BofA's Savita Subramanian said. "The truth is it hasn't really changed the world that much yet, but I don't think it's something to be dismissed."

Benzinga

Big Trouble At Lockheed As Classified Program Blowups Trigger Billions In Losses

Lockheed Martin Corp. (NYSE:LMT) reported $1.8 billion in charges in the second quarter, led by a classified Aeronautics program and two Rotary and Mission Systems projects, prompting Bank of America Securities (BofA) analyst Ronald J. Epstein to trim his outlook.

Fortune

Beyond snubbing Tinder, Bumble, and casual flings, more than half of Gen Z is spending $0 monthly on dating, BofA finds

Gen Z’s economic anxiety—as well as disinterest in casual dating—has led many young people to spend little to nothing on dates.

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