• The sell-off in chip stocks on supply worries is overshadowing reasons to buy them, says Bank of America (SOX, AMAT, KLAC, LRCX, NVMI, TER, ASML, COMPX, NDX, INX, DJIA, RUI)

    2 days ago - By Business Insider

    Summary List Placement Semiconductor stocks have been yanked lower recently on worries about a shortage of chips worldwide but likely annual growth in auto production and in smartphone shipments are among the reasons Bank of America said it still sees buying opportunities in the space.
    A shortage of chips, largely stemming from production shutdowns and business restrictions resulting from the COVID-19 pandemic, has affected a wide range of companies, including Ford Motor which has said some of its factory work will be interrupted.
    "To be sure, there are spot shortages in areas such as...
    Read more ...

     

  • The sell-off in chip stocks on supply worries is overshadowing reasons to buy them, says Bank of America

    The sell-off in chip stocks on supply worries is overshadowing reasons to buy them, says Bank of America

    2 days ago - By Business Insider

    REUTERS/Michael Buholzer
    Semiconductor stocks have been yanked lower recently on worries about a shortage of chips worldwide but likely annual growth in auto production and in smartphone shipments are among the reasons Bank of America said it still sees buying opportunities in the space. A shortage of chips, largely stemming from production shutdowns and business restrictions resulting from the COVID-19 pandemic, has affected a wide range of companies, including Ford Motor which has said some of its factory work will be interrupted. "To be sure, there are spot shortages in areas such as...
    Read more ...

     

  • JPMorgan's CEO Jamie Dimon said he doesn't support bitcoin, criticized regulation of small businesses, and talked up the US economy in a new interview. Here are the 8 best quotes

    JPMorgan's CEO Jamie Dimon said he doesn't support bitcoin, criticized regulation of small businesses, and talked up the US economy in a new interview. Here are the 8 best quotes

    3 days ago - By Business Insider

    Summary List Placement JPMorgan CEO Jamie Dimon sat down with The Wall Street Journal's editor-in-chief Matt Murray at the CEO Council Summit on Tuesday.
    The CEO said he expects the US economy to boom, but warned inefficient government spending could bring the party to halt.
    Dimon added that he believes the economy could find the perfect "Goldilocks" zone of strong growth coupled with mild inflation if all goes well.
    He went on to say that while equity valuations across markets are high, he expects this is due to a pricing in effect of upcoming economic growth post-pandemic.
    Dimon also...
    Read more ...

     

  • Stocks are nowhere near dot-com bubble levels and earnings justify current valuations, Deutsche Bank's US stock chief says

    3 days ago - By Business Insider

    Traders work on the main trading floor of the New York Stock Exchange March 21, 2007.
    Brendan McDermid/Reuters
    Stock valuations are not near dot-com bubble era levels, said Deutsche Bank's chief US equity strategist.
    In a Tuesday webinar Binky Chadha said valuations are supported by strong earnings.
    He also reiterated his view that the S&P 500 is due for a 10% pullback as economic growth peaks.
    Sign up here for our daily newsletter, 10 Things Before the Opening Bell .
    Stock valuations today are nowhere near levels seen in the late 1990s dot-com era, said Deutsche Bank's Binky Chadha.
    In a...
    Read more ...

     

  • Stocks are nowhere near dot-com bubble levels and earnings justify current valuations, Deutsche Bank's US stock chief says

    Stocks are nowhere near dot-com bubble levels and earnings justify current valuations, Deutsche Bank's US stock chief says

    3 days ago - By Business Insider

    Summary List Placement Stock valuations today are nowhere near levels seen in the late 1990s dot-com era, said Deutsche Bank's Binky Chadha.
    In a Tuesday webinar, the bank's chief US equity strategist said that stock valuations are "unambiguously high" on multiple metrics, but levels seem justified given where we are in the recovery cycle.
    Chadha said his clients ask whether equities are in a bubble almost "every day." Investor fears that the stock market is in bubble have grown as the S&P 500 continues to make new records, though many strategists have tried to quell those...
    Read more ...