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Recapping The Semicon West Trade Show: Winners And Losers
Thursday, July 13, 2017 - 11:13amRead More...Bank of America Merrill Lynch analyst Krish Sankar recently attended Semicon West, the largest semiconductor equipment trade show, and came away with “optimism abound” for the industry. Drivers for future growth include the transition from 2D to 3D NAND, increasing business with Chinese...
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D.R. Horton, PulteGroup Make A Solid Foundation For A Homebuilders Position
Tuesday, June 27, 2017 - 10:44amRead More...It’s a good time to be in homebuilding, according to Bank of America Merrill Lynch analyst John Lovallo II. Lovallo reiterated Buy ratings for D.R. Horton, Inc. (NYSE: DHI) and PulteGroup, Inc. (NYSE: PHM), and raised both price targets by a dollar to $42 and $30, respectively. The analyst...
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Airline ETF: A Cash Flow Destination
Thursday, January 5, 2017 - 9:12amRead More...The US Global Jets ETF (NYSE: JETS) deserves some credit. Last year, oil, the largest input cost for airlines, was one of the best-performing commodities, but the lone dedicated airline exchange-traded fund is up more than 16 percent over the past year. Airlines Fly Into Focus Airline stocks,...
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BoA Downgrade: EP Energy's Haynesville Sale Won't Save It, Balance Sheet Still Has Troubles
Tuesday, March 22, 2016 - 8:26amRead More...BoA Merrill Lynch’s Jason Smith downgraded the rating for EP Energy Corp (NYSE: EPE) from Neutral to Underperform, while reducing the price target from $3.50 to $3.00. Although the company has sold its Haynesville asset, balance sheet headwinds remain. Haynesville Sale EP Energy...
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Apple's Supply Chain Is Stabilizing, BoA Says
Monday, March 21, 2016 - 8:37amRead More...BoA Merrill Lynch’s Wamsi Mohan maintained a Buy rating for Apple Inc. (NASDAQ: AAPL), with a price objective of $130. He mentioned that the Apple supply chain seems close to a bottom The Apple supply chain in Asia recorded substantial iPhone order cuts from December to February, with the...
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Time To Get Into Refiners, BoA Says
Thursday, March 3, 2016 - 11:45amRead More...BoA Merrill Lynch’s Doug Leggate mentioned that the stocks of most US refiners are currently trading significantly below their mid-cycle valuations, while companies are likely heading into another strong US gasoline season. Following the pullback over the past few months, valuation gaps...
