News list for "Bank of America Securities"
BofA Securities said emerging market assets were on track to deliver a few percentage points of return this year as the dollar is expected to continue to weaken. David Hauner, global head of emerging markets fixed income strategy at BofA Securities, said: "We have every reason to maintain our expectations of double-digit returns for emerging markets for the full year. We see the dollar as the most important driver...
Strategists at Bank of America Securities expect Nvidia's earnings report on Wednesday to be more volatile than the next non-farm payrolls data, the consumer price index or the Federal Reserve's decision. They urged clients to hedge against the potential impact in case the results were disappointing. The team, which includes Gonzalo Assis and Kwon Oo-sung, said in a note to clients on Monday: "The market last week after the post-election rally...
The Bank of America Securities report pointed out that Meta's third-quarter revenue beat market expectations, mainly due to the benefit of artificial intelligence (AI) -driven usage and improved advertising targeting, while earnings per share continued to exceed expectations. The bank believes that Meta's AI-driven advertising improvement still has room for several quarters, seeing its strong growth momentum in 2025, including AI and video-driven usage growth trends, AI solutions (Advantage +) b...
Bank of America Securities said in a report that NVIDIA (NVDA. O) will report results on August 28, maintaining its "buy" rating and being the industry's top choice. Regarding the reported delay in the launch of NVIDIA's next-generation Blackwell chip, the bank pointed out that Blackwell will not be included in the forecast until the fourth quarter, and there is no sign of delay in the company's recent SIGGRAPH meeting. In addition, major cloud customers (increasing capital expenditures) and maj...
Bank of America's securities brokerage team said in the report that the Federal Reserve's September interest rate cut is already on the board DingTalk, but there is no need for an aggressive rate cut that will lead to a recession. Almost all of the increase in unemployment in July came from temporary layoffs, indicating only temporary weakness. Employment is likely to rebound in the August report, and unemployment is likely to fall. "Without layoffs, there would be no recession in the United Sta...
