Bank of America: Buy these 22 stocks that will outperform as people look for ways to save in a recession that will push even high-income Americans to spend less
Stock market volatility and layoffs in industries like Big Tech are affecting wealthier Americans.The firm has picked the stocks it thinks will win — and lose — as customers cut their spending.
Although the job market is still hot, layoffs in Big Tech and other areas have also included an unusual proportion of high-earners as well. That means that in the coming downturn, people with higher income are more likely to trade down and cut back on spending than in the past.
Brasil Últimas Notícias, Brasil Manchetes
Similar News:Você também pode ler notícias semelhantes a esta que coletamos de outras fontes de notícias.
Bank of America says the stock market's lows will be testedBank of America said investors should fade any rebound in stocks off the government's efforts to backstop the banking system.
Consulte Mais informação »
Pacific Western Bank faced 'elevated' withdrawals after bank failuresPacific Western Bank, a unit of PacWest Bankcorp , said on Friday it had witnessed 'elevated' withdrawals following the collapses of Silicon Valley Bank and Signature Bank, but deposit movements had stabilized since Monday.
Consulte Mais informação »
How First Republic rescue, Silicon Valley Bank could cost Main Street AmericaIn wake of recent issues with First Republic and Silicon Valley Bank, community bank leaders tell FOX Business that sharing the financial burden with larger institutions is unfair.
Consulte Mais informação »
Banks borrow record-breaking $160B from Fed crisis lending programsThe Federal Reserve's emergency bank lending surged to a record high this week amid fallout from the collapse of Silicon Valley Bank and Signature Bank.
Consulte Mais informação »
STOCK MARKET NEWS: Credit Suisse, First Republic shares fall in bank rut, FedEx jumpsBank stocks remain volatile as investors weigh First Republic’s cash infusion, Credit Suisse faces more pressure as its future remains uncertain. FedEx delivers upbeat forecast as earnings season winds down. FOX Business is providing real-time updates on the markets, commodities and all the most active stocks on the move.
Consulte Mais informação »