Bank of America sees these long-term stock investments worth making as some pull back.
Stocks ended the third quarter on an ugly note, but Bank of America sees long-term stock investments worth making. September was the worst month since March 2020 for the S & P 500 and Dow Jones Industrial Average , down 9.3% and 8.8% respectively. The Nasdaq Composite posted a greater loss at 10.5% for the month. This performance comes as market observers wonder how far the Federal Reserve will go in its fight against inflation and jittery investors sell off holdings .
Price increases for streaming services Disney+ and Hulu, on top of a new ad-tier for Disney+ that could attract more subscribers, should benefit the company's bottom line. In all, Disney has an upside potential of roughly 35% from last close, Bank of America found. The bank indicated that Gartner is undervalued, given its free cash flow and potential for upside on sales and per-share earnings.
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