Hewlett-Packard and Bank of America, two stocks that fallen sharply in recent days, present a "shocking parallel," said Jeffrey Sonnenfeld, senior associate dean of the Yale School of Management.
During the past month, investors have overreacted to the downside in their trading of the financial sector, and now is the time to buy, says Robert Albertson, chief strategist at Sandler O'Neill.
Placing a 30-percent probability on another recession occurring, one strategist said the most important issues for investors to consider are both U.S. and global economic growth and whether Europe is able to hold its debt situation together.
As the three major U.S. stock indexes continue to rally following last week's stock roller-coaster ride, mergers and acquisitions will continue despite increased volatility, one analyst said.
After almost three months of being on Rochdale Securities' sell list, Goldman Sachs was upgraded by Richard Bove to neutral from sell, who noted its stock is now selling below book value.
Although Wal-Mart's expansion of its Express stores represents a step in the right direction, persistent unemployment among its core consumer base and high gas prices continue to put pressure on its supercenters, according to a Stifel Nicolaus report.