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The Latest Breaking News from BofA

Gen Z and millennials are more into gig work than ever, BofA says—but it’s not coming close to making ends meet

Despite taking on more side hustles, Gen Z and millennials are spending less.

Fortune

LMT Stock: Lockheed Martin Beats Earnings Forecasts, Defense Contractors In Focus

Lockheed Martin topped Q3 expectations Tuesday with defense contractors set to report next week. Israel, Hamas war rages. LMT stock is consolidating.

Investors Business Daily

AI Stocks AVGO And ANET Lead 5 Resilient Names Near Buy Points

AI stocks Broadcom and Arista lead five names near buy points all sporting a flat base, showing resilience in a tough market.

Investors Business Daily

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Target Stock Jumps On Unusual Upgrade, Heads For Strongest Week Since June

BofA bucked the broader trend of price cuts and upgraded Target stock to buy, hoisted its price target Thursday. TGT stock rallies this week.

Investors Business Daily

Mattel Stock Rides 'Barbie' Movie Success Near Buy Point. Now The Toymaker Eyes $300 Billion Market.

Mattel stock nears a buy point. Analysts are bullish on the toymaker's film prospects after the success of the Barbie movie.

Investors Business Daily

Older millennials are in 'a constant perpetuating state of playing catch up,' making them the most financially stressed of any age group

"Some generations get lucky, and some don’t."

Fortune

Retail investors aren’t listening to Wall Street doom-mongers

Amateur investors are optimistic about the stock market as the pros are getting more cautious.

Fortune

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'Key Catalyst' Could Drive Fisker To Break-Even By 2024: Analyst

Fisker stock jumped above a rising 50-day moving average and reclaimed the 200-day line Tuesday.

Investors Business Daily

Gen Z and millennials are outpacing older generations in 401(k) contributions

Even when cash is tight, young workers carve out space for savings.

Fortune

S&P 500 companies are beating analysts’ earnings estimates—but wealth managers argue investors should ‘avoid chasing this recent market rally’

Wall Street feared S&P 500 earnings per share would drop as much as 7% year over year in the second quarter. The reality has been better than expected. But will it last?

Fortune

Bank Of America Retracts Recession Forecast, Citing Strong Job Market And Consumer Spending

BofA becomes the first major Wall Street bank to backtrack on recession prediction, reflecting growing economic optimism.

Zenger

When is the iPhone 15 coming out, and what new features can we expect?

Apple’s latest smartphones offer significant upgrades over past models, including new cameras and more powerful chips

Evening Standard

Gen Z’s digital natives will seem old-fashioned next to ‘Gen A,’ the first A.I. native generation, BofA says

“Children will now have an A.I. avatar shadow assistant or agent from birth," says Timothy Papandreou. He said Gen Z will be the “last generation to not grow up with AI.”

Fortune

Bank Of America CEO Highlights Stable Deposits And Healthy Consumers Amid Strong Quarterly Results

BofA's Q2 revenue beats estimates, client balances climb and loan demand remains steady.

Zenger

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Zenger

DraftKings Shares Surge As Bank Of America Calls It A ‘KIng’

Bank upgrades DraftKings, predicts significant improvement in margins and profitability.

Chicago Sun-Times

Bank of America hit with $250M in fines, customer refunds for ‘double-dipping’ fees, fake accounts

It is one of the highest financial penalties in years against Bank of America, which has largely spent the last 15 years trying to clean up its reputation.

Investors Business Daily

Dow Jones Notebook: 3M Rallies, Is Disney For Sale?

Dow Jones giants 3M and Disney were early movers Tuesday on new updates from analysts. DIS stock, MMM rise despite price target cuts.

Barchart

Why You Should Consider Adding Uranium Stocks to Your Portfolio

Investors aren't out of the woods yet, so if an economic meltdown happens in 2023, are uranium stocks a strong place to hide?

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Barchart

Why Uranium Stocks Could

Investors aren't out of the woods yet, so if an economic meltdown happens in 2023, are uranium stocks a strong place to hide?

InsideEVs

Tesla To Lose Significant EV Market Share To Ford, GM By 2026: Report

Tesla could lose ground to Ford and GM as per Bank of America's Car Wars report, while EVs remain on track to grab a broader market share

Kiplinger

Women Have Significantly Less Saved in 401(k)s Than Men — And What to Do About It

A new report shows women have significantly less in their 401(k) accounts than men, and what women can do about that.

Investors Business Daily

Carnival Stock Rebounds After Earnings Beat; When Does The Cruise Giant Expect To See A Profit?

Carnival stock surged Tuesday after diving Monday following earnings. The cruise giant sets sights on returning to profitability this year.

The Street

BofA Analyst Is More Bullish Than She's Been In A Decade, Here's Why

Not even inflation, future interest rate hikes or a pending recession is enough to turn this analyst bearish.

Investors Business Daily

S&P 500: Carnival, AI Giants Broadcom, Oracle Lead Big Winners

As the S&P 500 index hit a 52-week high Monday, Carnival and Norwegian Cruise Line were big winners, along with AI plays Broadcom and Oracle.

Fortune

Boomers are pushing millennials out of the housing market for 3 main reasons

BofA: "In the current environment...baby boomers are better equipped financially for home purchasing."

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