BofA: US Stocks May See 5-10% Correction on Rising Election Uncertainty

Category: Finance

Bank of America predicts a potential 5-10% correction in US stocks due to rising uncertainty surrounding the upcoming election, anticipating increased market volatility.

Keywords: US Stocks, Election Uncertainty, Market Volatility

Source: AASTOCKS.com

Update At: 7/23/2024

Related Sources

Trump Media stock jumps after assassination attempt

Trump Media's stock price surged more than 31% following an assassination attempt against former President Donald Trump at a rally in Pennsylvania. Investors are increasingly confident in Trump's potential election victory, impacting Wall Street. The parent company of Truth Social app, Trump Media, has been compared to meme stocks like GameStop and AMC, showing volatility and overvaluation.

USA TODAY

Industrial Drain Cleaner Machines Market Outlook, 2024 to 2029 - DURACABLE, General Wire Spring, ROTHENBERGER Werkzeuge, and Spartan Tool Dominating the Forecasted $977.87 Million Market

Rising interest rates have caused annuity incomes to soar, prompting the question of whether it is the right time to invest in annuities. The article delves into the Global Industrial Drain Cleaner Machine Market, highlighting trends, growth factors, challenges, and key players in the industry. It also discusses the impact of rental and subscription services, the lack of skilled labor, and insights by product, power source, and end-user segments. Additionally, the article covers geographical analysis, competitive landscape, and key company profiles in the market.

Yahoo Finance UK

British Open Troon Capsules Golf

Many young people today are concerned about their financial futures due to the global pandemic, shaky economy, inflation, high interest rates, and student loan debt.

Herald Chronicle

Oppenheimer raises S&P 500 target to 5,900, second highest on Wall Street

Stock market continues its record-setting run with Oppenheimer raising its year-end S&P 500 target to 5,900, driven by artificial intelligence and expectations of Federal Reserve rate cuts in late 2024.

CNBC

Will a Goldilocks Economy Keep the Stock Market Humming?

The market is currently experiencing a strong year with an 18.1% year-to-date rise. Wall Street firms predict further growth, supported by factors such as interest-rate cuts and positive economic outlook. While some suggest a cautious approach, others remain optimistic about the market's performance.

Investing.com

Amidst a Bullish Outlook for the S&P 500, Oppenheimer Recommends Loading up on These 2 Stocks - TipRanks.com

Stock markets are still on an upward trajectory with the NASDAQ up almost 25% year-to-date and the S&P 500 index gaining 17%. Analysts from Oppenheimer are optimistic about the bullish trend continuing, with a revised year-end S&P target of 5,900. They recommend investing in Braze, a cloud software company, and Clearwater Analytics, a fintech company, both showing strong growth potential.

Tipranks

S&P 500 run inspiring this strategist to raise price target

The S&P 500 has been performing exceptionally well, reaching its 36th record high in 2024. Oppenheimer raised its year-end price target for the index, and their chief investment strategist, John Stoltzfus, discussed the positive indicators in the market rally and earnings growth. Stoltzfus also shared insights on the Federal Reserve's potential interest rate cuts and the market's resilience. The article emphasizes the market's bullish sentiment and the potential impact of AI technology on various sectors.

Yahoo Finance

Ed Yardeni Downplays Recession Fears But Warns, 'We Need More Bears To Keep The Bull Market Going' - SPDR S&P 500 (ARCA:SPY)

Veteran Wall Street investor Ed Yardeni downplays recession risk but notes disappearance of bearish sentiment as a contrarian signal for bull market sustainability. Yardeni emphasizes impact of weak economic data on stock prices, potential Fed rate cuts, and inflationary policies post-election. He refrains from revising S&P 500 targets despite surpassing year-end goal and reconsiders future projections. Yardeni highlights missed opportunities by bearish investors, changes in investment strategists, and the need for more bears to sustain the bull market.

Benzinga

Director Slta V (Gp), L.L.C. converted options into 2,723,493 units of Class C Common Stock, sold $291,340,000 worth of Class C Common Stock (2,000,000 units at $145.67) and disposed of 411,052 units of Class C Common Stock (SEC Form 4)

Statement of Changes in Beneficial Ownership filed pursuant to Section 16(a) of the Securities Exchange Act of 1934 or Section 30(h) of the Investment Company Act of 1940.

Quantisnow

Dell Technologies (NYSE:DELL) Stock Price Down 0.7% on Insider Selling

Dell Technologies Inc. experienced a 0.7% decrease in stock value following insider selling activity. Directors and the CEO sold significant amounts of shares. Analysts have given the company a 'Moderate Buy' rating with an average price target of $135.81. The company reported positive quarterly earnings, beating estimates. Dell Technologies also announced a quarterly dividend. Hedge funds and institutional investors have made adjustments to their holdings.

American Banking and Market News