Press Releases

Transcripts

Meme stocks are in spotlight this week as GameStop (ticker: $GME) reports quarterly performance on Wednesday and extreme volatility in the AMC Entertainment (ticker: $AMC) stock continues from last week. On the economic front, inflation rate is in focus as the Consumer Price Index (CPI) for May is due on Thursday from the Bureau of Labor Statistics.

For the week ending June 5th - the S&P 500 rose by 0.6%, the NASDAQ Composite rose by 0.5% and the Dow Jones Industrial Average rose by 0.7%. The 10-year U.S. Treasury Yield Rate lightly declined to 1.56% by Friday, June 4th.

There are only four trading days this week because of Memorial Day. Earnings season continues with Zoom Video Communications (ticker: $ZM) and Lululemon Athletica (ticker: $LULU) among the major companies reporting this week. Employment situation in U.S. is on spotlight this week as Non-farm Payroll data for May is due for release from Bureau of Labor Statistics this Friday. 

For the week ending May 29th - the S&P 500 rose by 1.2%, the NASDAQ Composite rose by 2.1% and the Dow Jones Industrial Average rose by 0.5%. The 10-year U.S. Treasury Yield Rate declined to 1.58% by Friday, May 28th.

The upcoming week is packed with earnings announcements from major companies such as NVIDIA (ticker: $NVDA) and Costco (ticker: $COST), technology IPOs and rebalance of MSCI Indices. NVIDIA will be in spotlight early this week as investors will digest the announcement of Four-for-One split of the stock on last Friday.

For the week ending May 22nd -​ the S&P 500 declined by 0.4%, the NASDAQ Composite gained by 0.3% and the Dow Jones Industrial Average declined by 0.5%. The 10-year U.S. Treasury Yield Rate hovered around 1.63% through Friday, May 21st.

For the week ending May 15th - the S&P 500 increased by 1.2%, the NASDAQ declined by 1.5% and the Dow Jones Industrial Average increased by 2.7%. The 10-year U.S. Treasury Yield Rate hovered around 1.60% through Friday, May 8th.

Social media companies, apart from Twitter (ticker: $TWTR), delivered blowout first quarter earnings results - Facebook (ticker: $FB), Snap (ticker: $SNAP) and Pinterest (ticker: $PINS) all handsomely beat street expectations on EPS and revenue, while Twitter's results were largely in-line. The outlook for revenue growth in the second quarter looked strong across the board in light of easy comps, but the market remains focused on what happens beyond that period as the comps get tougher.

Earnings season for the second quarter comes to a close with newly public companies such as Coinbase Global (ticker: $COIN) and DoorDash (ticker: $DASH) reporting quarterly results this week. Inflation is in spotlight again as April's inflation rate data comes out this Friday from the U.S. Bureau of Economic Analysis (BEA).

For the week ending May 8th - the S&P 500 increased by 1.2%, the NASDAQ declined by 1.5% and the Dow Jones Industrial Average increased by 2.7%. The 10-year U.S. Treasury Yield Rate hovered around 1.60% through Friday, May 8th.

Second quarter earnings season continues with major companies such as General Motors (ticker: $GM) and Pfizer (ticker: $PFE) reporting this week. Ridesharing giants Uber (ticker: $UBER) and Lyft (ticker: $LYFT) will be in spotlight this week as investors will closely look for signs of post-pandemic transportation trends in their quarterly performance data. The week ends with release of April 2021 Jobs Report which will shed light on employment situation in United States one year after the COVID-19 pandemic.

For the week ending May 1st 2021 - the S&P 500 remained unchanged, the NASDAQ declined by 0.4% and the Dow Jones Industrial Average declined by 0.5%. The 10-year U.S. Treasury Yield Rate rose again to 1.65% through Friday, April 30th. COVID-19 situation in India has worsened, daily case count has crossed 400,000 on Saturday, May 1st, in the second wave of the pandemic in the nation.

Major companies such as Amazon (ticker: $AMZN​), Tesla (ticker: $TSLA​), Microsoft (ticker: $MSFT​) among others report their quarterly results in a week packed full of earnings announcements. Industries in spotlight include - consumer staples, semiconductors, internet software and electric vehicles.

For the week ending April 10th - the S&P 500 declined by 0.1%, the NASDAQ declined by 0.4% and the Dow Jones Industrial Average declined by 0.5%. The 10-year U.S. Treasury Yield Rate decreased to 1.58% through Friday, April 23rd.

For the week ending April 17th - the S&P 500 increased by 1.4%, the NASDAQ increased by 1.1% and the Dow Jones Industrial Average increased by 1.2%. The S&P 500 index and the Dow Jones Industrial Average both reached new all time-highs once again this week. Notably, the 10-year U.S. Treasury Yield Rate decreased to 1.59% through Friday, April 16th.

Second quarter earnings season begins this week with major financial services companies reporting this week. On last Saturday, April 10th, Alibaba Group announced it was fined a record $2.8 billion by the State Administration for Market Regulation (SAMR) of China for breaking Anti-Monopoly Law. Investors may positively react to this news early this week as there are no further repercussions expected from Chinese government.

For the week ending April 10th - the S&P 500 increased by 2.7%, the NASDAQ increased by 2.6% and the Dow Jones Industrial Average increased by 2.0%. The S&P 500 index and the Dow Jones Industrial Average both reached new all time-highs. 10-year U.S. Treasury Yield Rate hovered around 1.70% through Friday, April 9th.

Analysis of which software companies are showing elevated FCF Margins due to deferred revenue benefits versus which ones truly have the cost structure to generate attractive FCF margins.

BofA Securities held its 2021 Global Automotive Summit from March 30th to April 1st, 2021. Participants included public and private companies from across the auto supply chain including suppliers (BorgWarner, Lear, Dana, American Axle), OEMs (General Motors, Ford), providers of autonomous vehicle tech (Aptiv, Ambarella, Velodyne Lidar), as well as wholesale/retail distributors (Sonic EVAutomotive, KAR Auction Services) among others.