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Stock impact report

The S&P 500 Might Be Overheated, but Bank of America Sees Value in These 2 Stocks [Yahoo! Finance]

Doximity, Inc. Class A (DOCS) 
Company Research Source: Yahoo! Finance
The gains are even more impressive when we remember that the markets tanked this past spring; since that low point back in April, the index is up about 37%. Elevate Your Investing Strategy: Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence. While those gains are fostering an optimistic mood on Wall Street, some voices are counseling caution. Writing from Bank of America, strategist Savita Subramanian notes that there are bearish signals out there, and that investors should take care. “Our bear market signposts – the triggers that typically precede an S&P 500 peak – suggest additional caution. Today, 60% of our signposts are triggered, just below the average of 70% before prior market peaks… Historical comparisons are problematic, as today's S&P is higher quality, asset light, less levered, etc. But risks are mounting and the valuation floor for the S&P 500 is likely lowe Show less Read more
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