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Bank of America: New tariffs to hit earnings and cause stocks to plateau through the end of the year

tacobell fan

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tacobell fan LEGEND

tacobell fan

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  • Bank of America has a year-end target for the S&P 500 of 2900 points, just a hair below Thursday’s closing price of 2953.56 points.
  • The firm sees a host of pressures dampening stocks for the rest of 2019, with “downward revisions to estimates” from corporate earnings a key concern as the trade war with China escalates.
  • Despite the expected hit to companies’ results, Bank of America said that “we still like US stocks.”
tacobell fan LEGEND

tacobell fan

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5 minutes ago, Idassamed said:

Cool

Inko one year varaku no issues aithe

Save Investors. Please do the needful.

Idassamed LEGEND

Idassamed

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14 minutes ago, tacobell fan said:

Save Investors. Please do the needful.

Ack vote for thaatha in return.

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