The popularity of smartphones and mobile applications have made every industry invent ways to serve their consumers. And while some apps cure boredom, others improve productivity. Mobile banking apps have been a natural product of finance and technology. With mobile banking apps, the number of bank visits and phone calls can be almost totally reduced […]
Stocks in the U.S. hit a record high in the first quarter. And many expect a correction in the next two quarters. In this environment, Bank of America‘s Michael Hartnett say investors should try and find opportunities in “a Great Rotation toward equities” that began in 2012 when the U.S. property sector began to recover. […]
Bank of America Merrill Lynch‘s contrarian Sell Side indicator, which gauges Wall Street’s sentiment toward stocks, climbed to 47.3 in March. However, it’s still at a level that reflects extreme bearishness. Here’s an excerpt from BAML’s report (emphasis ours): Indicator’s expected 12-month total return is +28% With the S&P 500’s indicated dividend yield above 2%, […]
A great retail sales report confirmed that the U.S. consumer was in better shape than everyone expected. First the scoreboard: Dow: 14,455, +5.2 pts, +0.0 percentS&P 500: 1,554, +2.0 pts, +0.1 percentNASDAQ: 3,245, +2.8 pts, +0.0 percent And now the top stories: Retail sales jumped by 1.1 percent in February, which was much better than […]
Las Vegas will always be known for its gambling. But in more recent years, Vegas has become a hub for high-end shops, amazing restaurants, and incredible shows. Here’s an excerpt from a new research note from Bank of America Merrill Lynch: Perhaps the most important dynamic overall on the demand front is the changing composition […]
Chinese inflation data for February is out at 8:30 p.m. ET. Analysts polled by Bloomberg are looking for consumer prices to rise 3 percent on the year, compared with 2 percent the previous month. The reason this data is important is because consensus reflects a rising inflation trend, one that policymakers are always watching closely. […]
Chinese imports fell 15.2 percent year-over-year in February, missing economists’ expectations for an 8.5 percent decline. This compares with a 28.8 percent rise in January. But Chinese exports crushed expectations again rising 21.8 percent on the year, against consensus for an 8.1 percent rise. The trade balance narrowed to $15.25 billion, but was above expectations […]
The nation’s largest banks have discovered that they wrongfully foreclosed on more than 700 military members during the financial crisis, the New York Times Jessica Silver-Greenberg and Ben Protess report citing unnamed sources familiar. This discovery was made when Bank of America, Citigroup, JPMorgan Chase and Wells Fargo had to look at mortgages during their […]
Tesla‘s stock is down over 9.5 percent after it reported a Q4 loss of $0.65 per share, which was wider than analysts expectations of a $0.53 per share loss. Tesla also said that first quarter cancellations are likely to remain elevated as people with older reservations for cars will have to “configure their vehicles within […]