The mega initial public offerings of SpaceX (SPAX.PVT) and OpenAI (OPAI.PVT) could push AI trading into bubble territory, just as rising yields make investors more demanding about growth that may take years to come. Bank of America’s Michael Hartnett estimated that adding mega IPOs to current AI leaders could boost market concentration from the current…
Worried about an AI bubble? Sign up to The Daily Upside to receive smart, actionable market news designed for investors. Talking heads. An address. The son of destiny. Even the largest groups dissolve, and the same thing happens on Wall Street. The Magnificent 7 (Alphabet, Nvidia, Microsoft, Meta, Apple, Amazon and Tesla) just don’t seem…
Bank of America’s chief investment strategist Michael Hartnett is urging investors to flip the script, backing Main Street over global elites as cooling inflation, AI disruption and political pressure reshape markets ahead of the US midterm elections. The expert made a bold call in his latest Flow Show report: Investors should “stay long Detroit, short…
Bank of America (BAC) it just raised a not-so-subtle red flag for bond market investors and anyone positioned in the stock market. In a new Flow Show note, chief equity strategist Michael Hartnett He argued that the era of “anything but bonds” is already here and that traditional security trading has failed. Laying out his…
Pan American Silver Corp. (NYSE:PAAS) is one of the 13 Best Gold Mining Companies to Invest in Now. On December 10, RBC Capital increased its price target for Pan American Silver Corp. (NYSE:PAAS) from $45 to $55 and reiterated a Buy rating. Previously on December 1, BofA Securities analyst Lawson Winder also raised the company’s…
