Bank of America said these stocks have outperformed the MSCI AC World Index by 6.9% year-to-date.
Bank of America says investors face a "huge risk" of being too defensive at the trough of a cycle and advises reducing the size of such positions. The bank noted that stocks with "expensive negative momentum" — which it dubbed "the defenders" — outperformed in November on the back of a less aggressive U.S. Federal Reserve and signals that China may loosen its zero-Covid policy.
Stocks that are 'global contenders' Against this backdrop, BofA identified stocks that are "inexpensive" but have strong earnings momentum and price momentum. It dubs these "global contenders." "Our back-testing and subsequent performance show that stocks with above-average earnings momentum tended to outperform, stocks with above-average price momentum tended to outperform, but stocks with both the characteristics tended to perform even better," it wrote.
Brasil Últimas Notícias, Brasil Manchetes
Similar News:Você também pode ler notícias semelhantes a esta que coletamos de outras fontes de notícias.
Goldman and Bank of America see copper soaring to record highsGoldman has upgraded its copper price forecasts, saying market conditions could hit an 'unprecedented extreme.'
Consulte Mais informação »
Bitcoin Outlook Ahead of Global Central Bank Rate DecisionsThe U.S. Federal Reserve, the European Central Bank and the Bank of England will set interest rates this week, while U.S. Treasury Secretary Janet Yellen believes inflation will fall considerably next year. 21.co co-founder and CEO Hany Rashwan discusses his outlook for the crypto markets and the impact of macro trends.
Consulte Mais informação »
Brent could quickly top $90/bbl on Fed pivot, China demand recovery - BofAGlobal oil benchmark Brent could rebound and quickly rise past $90 per barrel on the back of a dovish pivot in the U.S. Federal Reserve's monetary policy and a 'successful' economic reopening by China, Bank of America (BofA) Global Research said.
Consulte Mais informação »
Here are the top 10 themes for markets and the global economy for 2023, according to BofAAs is customary in the latter half of the fourth quarter, market strategists and economists across Wall Street have been publishing year-ahead outlooks...
Consulte Mais informação »
Global stocks tumbled last week — but these names bucked the trendHong Kong-listed stocks had a good week in particular, as a local news outlet reported the city is considering easing Covid measures further.
Consulte Mais informação »
“Envelopes of Air”“I wish to be untethered and tethered all at once, my skin / singes the sheets and there’s a tremor in the marrow.” Poetry by adalimon and NatalieGDiaz.
Consulte Mais informação »