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9 Best Stocks To Buy In Q2? AMD, Lululemon And More
Friday, April 8, 2022 - 3:05pm | 1113The year got off to a bumpy start for investors, and the S&P 500 is now down 5.6% year-to-date in 2022. But while investors are growing increasingly concerned about inflation, rising interest rates and supply chain disruptions and geopolitical tension stemming from the war in Ukraine, Bank of...
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9 Best 401(k) Stocks To Buy Right Now
Wednesday, March 16, 2022 - 2:56pm | 1117It can be fun to trade meme stocks, speculate on penny stocks and take a gamble on high-risk stocks that could be 10-baggers in a couple of years. However, investors buying stocks for their 401(k) or other retirement accounts should be looking for an entirely different type of investment. The best...
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7 Dividend Growth Stocks That Analysts Love
Tuesday, March 1, 2022 - 4:53pm | 1030Dividends have been a major source of long-term stock market returns. From 1930 to 2017, dividends accounted for 42% of the S&P 500's total returns. Among dividend stocks, dividend growth stocks have outperformed others. A company with the ability to increase its dividend payouts over time...
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Why This Analyst Believes In Credo Technology
Tuesday, February 22, 2022 - 11:37am | 329Credo Technology Group Holding Ltd (NASDAQ: CRDO) is an emerging cloud networking specialist that estimates its addressable market to grow at a compounded annual growth rate (CAGRA) of nearly 49%, according to BofA Securities. The Credo Technology Analyst: Vivek Arya initiated coverage of Credo...
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7 Of The Best Nasdaq Stocks to Buy On The Dip
Monday, February 7, 2022 - 2:58pm | 1072The S&P 500 is off to a shaky start to 2022, down 5.5% year-to-date. As bad as things have been for the S&P 500, they have been even worse for the tech-heavy Nasdaq Composite, which is down 9.9% so far in this year. Investors are dumping Nasdaq stocks due to concerns over rising interest...
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4 AMD Analysts Boost Price Targets Following Chipmaker's Stellar Q4, Predict Continued Share Gains
Wednesday, February 2, 2022 - 3:17pm | 808Advanced Micro Devices Inc (NASDAQ: AMD) reported forecast-beating fourth-quarter results and issued an upbeat guidance. The AMD Analysts: BofA Securities analyst Vivek Arya reiterated a Buy rating on AMD shares and increased the price target from $175 to $190. Raymond James analyst...
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BofA Downgrades Rockley Photonics After Withdrawal From Chinese Joint Venture
Wednesday, December 22, 2021 - 12:29pm | 287Rockley Photonics Holdings Ltd (NYSE: RKLY) has withdrawn from a telecom application related to a joint venture with a Chinese customer that found its way into the U.S. government’s entity list, according to BofA Securities. The Rockley Photonics Holdings Analyst: Vivek Arya downgraded...
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Intel Analyst Reacts To Mobileye IPO: 'Smart Move To Unlock Value'
Tuesday, December 7, 2021 - 12:06pm | 413Intel Corporation (NASDAQ: INTC) shares traded higher by 8% on Tuesday morning after the company announced a plan to take its self-driving car unit Mobileye public in mid-2022. The market reacted positively to the news, and one analyst said Tuesday the IPO could be a great way for Intel to unlock...
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GlobalFoundries Is At The Right Place, At The Right Time, BofA Says
Monday, November 22, 2021 - 2:21pm | 266GlobalFoundries Inc (NASDAQ: GFS) is well-positioned with only a 10% share of an addressable market opportunity estimated at $70 billion, across smartphone devices, IoT, automotive and data center, according to BofA Securities. The GlobalFoundries Analyst: Vivek Arya initiated coverage of...
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BofA Downgrades Qorvo On Decelerating Demand
Thursday, November 4, 2021 - 11:29am | 202Qorvo Inc’s (NASDAQ: QRVO) sales growth is likely to decelerate from an estimated 22% in 2021 to 11% in 2022 and further down to 5% in 2023, according to BofA Securities. The company issued third-quarter EPS and sales guidance Wednesday that were below Street estimates. The Qorvo...
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Which Apple Chip Suppliers Will Face The Biggest Impact From iPhone Production Cuts?
Wednesday, October 13, 2021 - 3:58pm | 731Apple Inc (NASDAQ: AAPL) is reportedly looking to cut its iPhone production forecast for 2021 by 10 million due to supply chain issues. How The Chip Crunch Is Hurting Apple: Supply constraints are beginning to show impacts on premium-tier handset production, BofA Securities analyst...
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4 Reasons To Sell Intel's Stock, According To BofA
Friday, October 8, 2021 - 11:57am | 241Intel Corporation’s (NASDAQ: INTC) current strategy leads to lower gross margins and free cash flows over time, according to BofA Securities. The Intel Analyst: Vivek Arya maintained an Underperform rating for Intel, with the price target unchanged at $52. The Intel Thesis: The company’...
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BofA Downgrades Synopsys, Cirrus Logic, Cree, Names Top Q4 Semi Picks
Friday, September 17, 2021 - 10:55am | 523Bank of America remains bullish on semiconductor stocks heading into the fourth quarter, but the firm issued three semi stock downgrades Friday and said stock selection is critical at the moment. The Semiconductor Analyst: Analyst Vivek Arya issued the following ratings and price target changes:...
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Nvidia, AMD Benefit From New Products, Strong Gaming Cycle: BofA
Wednesday, September 8, 2021 - 2:38pm | 556NVIDIA Corporation (NASDAQ: NVDA) and Advanced Micro Devices, Inc. (NASDAQ: AMD) continue to be bullish GPU plays despite changing market trends, according to a BofA Securities analyst. The Semiconductor Analyst: Vivek Arya reiterated Buy ratings on AMD and Nvidia shares. The analyst has a $...
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Why Nvidia Stock Analysts Are Bullish After Q2 Earnings
Thursday, August 19, 2021 - 3:00pm | 989Nvidia, Inc. (NASDAQ: NVDA) reported stellar quarterly results Wednesday thanks to strong performances by its data center and gaming businesses. The Nvidia Analysts: BofA Securities analyst Vivek Arya reiterated a Buy rating on Nvidia shares and increased the price target from $250 to $260...