Bank of America resets inflation forecast ahead of CPI report

Walmart is transitioning from the New York Stock Exchange (NYSE) to Nasdaq, marking a significant shift for the retail giant after 55 years on the NYSE. This move is driven by Walmart's rapid growth in e-commerce, prompting discussions about its valuation and future as it aligns more closely with technology companies.

Walmart is experiencing rapid growth in e-commerce, prompting discussions about its valuation as it prepares to transition to Nasdaq. This shift reflects the company's strategic focus on digital innovation and market competitiveness.

Bank of America has released a surprising stock-market forecast for 2026, diverging from the consensus of other major Wall Street firms that predict double-digit targets. This forecast is particularly intriguing given the current bullish sentiment in the market.

Bank of America has revised its stock forecast for Amazon following a significant decline in the company's stock value, which has dropped approximately 8% over the past month despite a strong earnings report at the end of October. This decline is attributed to a broader sell-off affecting artificial intelligence stocks, including Nvidia, which has faced even steeper losses.

Tigress Financial has raised its stock price target for Walmart to $130, citing anticipated growth driven by advancements in artificial intelligence. This adjustment reflects a positive outlook on Walmart's performance as it continues to innovate in the retail sector.

A significant Class II cheese recall has been issued by Walmart, Target, Aldi, and other retailers, as announced by the U.S. Food and Drug Administration (FDA) on December 1. This recall comes shortly after the Thanksgiving holiday, prompting consumers to check their refrigerators for potentially contaminated products.

Bank of America (BofA) has forecasted an 'air pocket' in the market rather than an AI bubble, attributing this to the increasing debt levels associated with the rush to build data centers. BofA's strategy chief, Savita Subramanian, emphasized that while AI will not maintain its current dominance, the situation is not akin to the dot-com bubble of 2000.

Bank of America has adjusted its forecast for the Federal Reserve's interest rate cuts ahead of the upcoming FOMC meeting, reflecting ongoing concerns about high mortgage rates and housing prices that have sidelined many potential homebuyers. This adjustment comes amid a challenging economic landscape where mortgage rates remain significantly elevated compared to 2021 levels.