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AutoZone: A 'Rare Rate Hike Beneficiary'
Thursday, August 27, 2015 - 1:10pm | 334Bank of America Merrill Lynch added AutoZone, Inc. (NYSE: AZO) to its U.S. 1 list (of top investment ideas) on Thursday. According to the report, analysts Denise Chai and Curtis Nagle give the stock a Buy rating and $865.00 price target “in an environment where S&P 500 earnings growth...
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Longevity & Obesity Stocks Beating The Market
Monday, August 10, 2015 - 4:01pm | 301Every month, Bank of America Merrill Lynch looks into a few themes that create investment opportunities within a rapidly changing world. The reports offer insight on the following themes: climate change & extreme weather, education, energy efficiency, food security, longevity,...
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Bank Of America Previews Groupon's Q2; Reiterates Buy Rating But Trims Price Target
Tuesday, August 4, 2015 - 1:15pm | 271Groupon Inc (NASDAQ: GRPN) is scheduled to announce its second-quarter financial results before the market opens on Friday. In a report issued Monday, Bank of America Merrill Lynch analysts Paul Bieber and Justin Post previewed the results, which they expect to be in-line with their estimates and...
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Why Bank Of America Now Thinks Virgin America Is A Buy
Tuesday, August 4, 2015 - 1:11pm | 301In a report issued Tuesday, Bank of America Merrill Lynch analyst Andrew G. Didora upgraded his rating on Virgin America Inc (NASDAQ: VA) from Underperform to Buy and raised his price target from $32.00 to $41.00 on robust revenue outperformance. According to the note, the company has...
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Fitbit Files $100 Million IPO
Thursday, May 7, 2015 - 4:39pm | 188Fitbit on Thursday filed a $100 million IPO registration Thursday with the SEC with “FIT” as its proposed ticker on the New York Stock Exchange. The company described its core platform as a “family of six wearable connected health and fitness trackers.” “Wrist-...
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Analysts Focus On Amazon's Web Services: Q1 Results
Friday, April 24, 2015 - 3:54pm | 331Amazon.com, Inc. (NASDAQ: AMZN) broke out results for its Web Services unit Thursday, with results that pleased investors. Web Services revenue grew 49 percent in the recent period to $1.57 billion, while its operating income fell 13 percent (excluding foreign exchange effects). Total Amazon...
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Surprise, Surprise… Bank Of America Cuts Chesapeake's PT
Thursday, April 2, 2015 - 4:56pm | 298Shares of Chesapeake Energy Corporation (NYSE: CHK) were up Thursday despite Bank of America's reduction in its price target. The firm cut its price target from $17 to $9 following the company’s update of the production outlook (and debt structure) laid out in its latest presentation...
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Have Big Banks Fully Recovered From The Financial Crisis?
Tuesday, March 10, 2015 - 11:44am | 675The current bull market turned six years old on Monday, and it seems appropriate to take a look back and see how far stocks have come since the S&P 500 hit a Financial Crisis low of 676.53 on March 9, 2009. The S&P itself has more than tripled in value, up about 207 percent in those six...
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8 Reasons Bank Of America Upgraded Google
Monday, March 2, 2015 - 3:37pm | 288Bank of America Merrill Lynch (BOAML) upgraded shares of Google Inc (NASDAQ: GOOG) (NASDAQ: GOOGL) from Neutral to Buy, and raised its price target from $580 to $650 on Monday. According to the firm, Google shares are becoming more attractive on the back of: "Early signs of renewed...
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Metaldyne Performance IPO: A Shining Light For Automotives
Monday, December 15, 2014 - 3:19pm | 586Metaldyne Performance Group Inc (NYSE: MPG), producer of automobile powertrain and safety components, opened for trading last Friday. Metaldyne was formed in August 2014 by private equity firm, American Securities. Metaldyne uses proprietary metal forming technology to manufacture components...
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Will Oil Be The Best Investment Of 2015?
Wednesday, December 10, 2014 - 3:59pm | 567Bank of America analysts believe 2015 may be the time for investors to start dipping their toes into oil again. In a recent report, analysts presented the case for cautiously venturing into oil-exposed energy stocks that have heavily underperformed in 2014 due to the collapse in oil prices....
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How To Profit From An Aging Population
Friday, December 5, 2014 - 11:46am | 573A recent report by Bank of America looked at investment themes for a changing world. One of the areas that the report identified as a source of change is the increasing modern life expectancy. In fact, the number of living people in the world over the age of 60 is expected to double from 841...
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Dan Nathan Discusses Risk Reversal, Herbalife And More
Wednesday, November 26, 2014 - 12:12pm | 505Dan Nathan, co-founder and editor of Risk Reversal, recently stopped by Benzinga's #PreMarket Prep. Nathan's career spans 17 years as a proprietary equity and options trader at hedge funds (SAC, Exis and Cheyne Capital) and within the equity derivatives group of Merrill Lynch. Nathan...
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Benzinga Weekly Preview: Earnings Season Continues As Biotech & Pharmaceutical Companies Report
Friday, April 25, 2014 - 4:41pm | 2315Earnings season continues next week with several pharmaceutical and biotech companies set to report. The rising tension between Russia and the West will also play a role in market fluctuations as investors prepare for tougher sanctions to be enacted. Key Earnings Reports Next week investors...
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Former Merrill Lynch Chairman: Investors Still Question Wall Street's Credibility
Tuesday, January 21, 2014 - 1:47pm | 605Winthrop H. Smith Jr., the former Chairman of Merrill Lynch International, believes that investor skepticism has not subsided in the years following the 2008 financial crisis. "Today I think we have a climate where the credibility of Wall Street has been damaged by the excesses of 2007 and 2008,"...