The Latest Breaking News from BofA

The shares of The Vita Coco Company (COCO) have garnered significant investor attention after the recent ratings upgrade from BofA over stabilizing freight costs. So, let’s evaluate if it is worth buying the stock now, given the rising competition in the beverages industry. Read on.

In the week ended July 6, bond funds enjoyed an inflow of $2.4 billion, while stock funds had a $4.6 billion outflow.

BofA analyst Muneeba Kayani downgraded ZIM Integrated Shipping Services Ltd (NYSE:ZIM) to Underperform from Buy and lowered the price target to $40 (a downside of 8%) from $79. The analyst revealed concerns over weaker U.S. demand. Kayani states that large U.S. retailers have signaled to weaken spending on goods and excess inventories, and this, along…

Consumer prices soared 8.6% in the 12 months through May, a 40-year high.

The S&P 500 has endured a negative return of 20% year to date, and the Bloomberg Aggregate bond index has dropped 11%.

Bank of America analysts outline some of the biggest issues facing Amazon, Alphabet, Meta and other internet-related stocks.

WASHINGTON — Whether it’s President Joe Biden insisting a recession is avoidable or his critics arguing that the wolf is at the door, both sides are acting as though the nation faces an unprecedented catastrophe.

Palantir Technologies Inc (NYSE: PLTR) shares are trading higher Tuesday following bullish analyst coverage from BofA Securities.

New home demand has deteriorated over the past few weeks due to the spike in mortgage rates, a sharp decline in consumer confidence and the weaker economic growth outlook, according to BofA Securities. BofA On Owens Corning

Bitcoin owners and crypto stocks such as exchanges and miners have been pummeled by a downturn. But supporters still expect a rebound.

Generation C (for covid) is made up of those born after 2016 and accounts for 9% of the global population, BofA says.