Page 4 - Bofa
Amazon surges as stock split, buyback excite investors
The company on Wednesday announced a 20-for-1 stock split, its first since 1999, and a $10 billion share buyback
 "Amazon surges as stock split, buyback excite investors")
Brent crude could jump by $20 if Ukraine crisis worsens, says BofA
Global oil benchmark Brent crude could rise by $5-$20 a barrel depending on the severity of the Russia-Ukraine crisis, Bank of America (BofA) Global Research said
 "Brent crude could jump by $20 if Ukraine crisis worsens, says BofA")
Market wrap: Sensex snaps 3-day rally, ends 191 pts lower; Nifty holds 17k
Data Patterns sees blockbuster debut at 48% premium; HCL Technologies surges 5% amid block deal buzz; L&T Finance Holdings dips 7% on divestment of Asset Management business
 "Market wrap: Sensex snaps 3-day rally, ends 191 pts lower; Nifty holds 17k")
Market outlook 2022: Brokerages remain upbeat; see Sensex at new high
Inflation, winding down of stimulus from major central banks such as the US Fed and the ECB, developments in China and the impact of the new Covid variants, if any, are some of the key risks
 "Market outlook 2022: Brokerages remain upbeat; see Sensex at new high")
BofA fund manager survey least bullish since Oct 2020, cash at 12-mth high
Finds investors are increasingly worried about global growth expectations, stagflation and China
 "BofA fund manager survey least bullish since Oct 2020, cash at 12-mth high")
Earnings of cement, FMCG, aviation cos at risk as oil, coal prices rise
In a recent report, analysts at Goldman Sachs suggested they see Brent crude oil prices at $90 per barrel by December 2021 on the back of a larger-than-expected demand-supply deficit
 "Earnings of cement, FMCG, aviation cos at risk as oil, coal prices rise")
Fund managers sour on stocks have nowhere else to go, says BofA
The outlook for global growth and profits in September slumped to the lowest in more than a year, according to the survey conducted September 3 to September 9
 "Fund managers sour on stocks have nowhere else to go, says BofA")
Tech View: Zee Entertainment, Zee Learn & Zee Media can rally up to 30%
The Moving Average Convergence Divergence (MACD) has crossed the zero line almost after 2 years in Zee Learn stock
 "Tech View: Zee Entertainment, Zee Learn & Zee Media can rally up to 30%")
Rakesh Jhunjhunwala, BofA buy Rs 225-crore Zee Entertainment shares
At the end of June 2021 quarter, Bofa Securities held a 1.03 per cent stake in Zee
 "Rakesh Jhunjhunwala, BofA buy Rs 225-crore Zee Entertainment shares")
Around 18 unicorns to hit street with $11-12 bn IPOs in 2 years: Bofa
The fast swelling unicorn universe in the startup ecosystem is set to witness a flurry of share sales as around 18 large startups are set to hit primary markets, according to a Wall Street brokerage
 "Around 18 unicorns to hit street with $11-12 bn IPOs in 2 years: Bofa")
Indian investment bankers tighten grip over the league table
ICICI Securities, Axis, Kotak among top 5 managers of equity issuances
 "Indian investment bankers tighten grip over the league table")
Equity market has run its course, Nifty to hit 15,000 by Dec 2021: BofA
A Wall Street brokerage has warned of a 9% near-term correction for the equity market, saying the street has only limited runway to continue the rally that began in the second half of last year
 "Equity market has run its course, Nifty to hit 15,000 by Dec 2021: BofA")
84% in BofA Fund manager survey says US Fed will signal taper by year end
The BofA Survey was conducted between August 6 and 12 with over 250 panelists with $749 billion in assets under management (AUM) participating
 "84% in BofA Fund manager survey says US Fed will signal taper by year end")
Indian stock valuations are somewhat less attractive, says David Jones
India is more fortunate than other EMs, as it is less dependent on imported capital, says Jones
 "Indian stock valuations are somewhat less attractive, says David Jones")
Bitcoin is the most crowded trade globally, says BofA Fund Manager Survey
Inflation is now counted as the biggest risk for markets with 35 per cent of FMS investors agreeing to this, followed by taper tantrum (27 per cent) and asset bubble (15 per cent)
 "Bitcoin is the most crowded trade globally, says BofA Fund Manager Survey")
Markets to look beyond second Covid wave, say analysts; bet on cyclicals
BofA Securities has cut his positioning towards defensives by downgrading Staples to neutral weight and trimming their overweight positioning for the information technology sector
 "Markets to look beyond second Covid wave, say analysts; bet on cyclicals")
Taper tantrum, inflation surpass Covid as top market risk: BofA survey
An overwhelming 93 per cent of FMS investors expect higher inflation in the next 12 months
 "Taper tantrum, inflation surpass Covid as top market risk: BofA survey")
India to become third-largest economy in a decade: BofA Securities
The demographic dividend, growing financial maturity, and the emergence of mass markets work in favour of India, say BofA economists
 "India to become third-largest economy in a decade: BofA Securities")
India to emerge as world's third largest economy in 2031: BofA Securities
Covid-19 to push back this feat by three years. BofA had earlier projected this in 2017 and had expected the Indian economy to achieve this status by 2028
 "India to emerge as world's third largest economy in 2031: BofA Securities")
Demand-driven rise in crude oil prices is good for equity markets: Analysts
From around $35 a barrel on March 13, 2020, Brent oil prices have jumped 91 per cent to around $67 a barrel now
 "Demand-driven rise in crude oil prices is good for equity markets: Analysts")
