Bank of America has given its endorsement to two stocks rated as 'Strong Buy'. The bank's strategists predict that the current bull run in the stock market will come to an end either through a recession or a bubble. The same strategists also suggest that dividend stocks are primed to perform well. The Bank also expects oil prices to rise to $95 and has suggested three oil stocks for purchase. The bank has also laid out a theoretical scenario that could lead to the bursting of the stock market's AI bubble. A number of stocks have been selected by the Bank of America to drive the AI revolution and a specific chip company has been recommended for its potential in artificial intelligence. A Wall Street analyst theorizes that the Bank of America stock may reach a value of $44. Positive viewpoints are also expressed about the current dip in the stock market and listed stocks including Adobe as strong buys ahead of earnings. Despite the optimism, concern is raised over Bank of America's stock performance as it is noted to be under pressure with a possibility of decline.
Bank of America Stocks News Analytics from Fri, 27 Oct 2023 07:00:00 GMT to Tue, 07 May 2024 02:12:35 GMT - Rating 6 - Innovation -3 - Information 7 - Rumor -2
