The S&P 500 Might Be Overheated, but Bank of America Sees Value in These 2 Stocks

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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%.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 lower than today’s levels… Be selective,” Subramanian opined.That last line might be the key. Bank of America’s stock analysts are being selective – and they are selecting stocks where they still see value ahead. We’ve used the TipRanks platform to look up the broader Wall Street view on two of these BofA picks. Let’s dive in.Doximity (DOCS)We’ll start with a look at Doximity, a professional networking platform oriented toward the medical field and health-care industry. Doximity’s core user base is physicians and other direct care providers, who can use the platform to connect with each other, follow medical news, communicate via a secure app that is considered HIPAA-compliant, and even contact patients via video call. The company points out that modern medicine is mobile – and it has designed its platform to facilitate mobility in ways that benefit clinicians and patients.Doximity bills itself as the largest online network for medical clinicians in the US healthcare sector. The company boasts that 80% of US physicians, as well as 50% of nurse practitioners and physician assistants, are verified members of the network. By connecting them, with the ease and convenience of a mobile app, Doximity makes it easier for medical professionals to collaborate on patient care and to disseminate new developments in the field.The increase in demand for medical services over the past decade or more has forced providers to look for alternative ways to keep abreast of new developments, meet with patients, confer with specialists – and has expanded the field of telemedicine. The Doximity app, which allows providers to speak directly with patients via video link, streamlines the process. Providers can set online call appointments, tend to other work, and receive alerts as callers – patients or colleagues – enter the conversation.Condizioni e Informativa sulla privacyPrivacy & Cookie SettingsMore InfoS&P Futures6,896.25 +22.25 (+0.32%)Dow Futures47,778.00 +56.00 (+0.12%)Nasdaq Futures26,134.00 +130.00 (+0.50%)Russell 2000 Futures2,492.50 +2.60 (+0.10%)VIX17.78 +0.34 (+1.95%)Gold4,015.00 +18.50 (+0.46%)PortafoglioEffettua l'accesso per consultare il tuo portafoglioAccediMaggiori rialziBHF Brighthouse Financial, Inc. 57.07 +11.38 (+24.91%)ILMN Illumina, Inc. 123.54 +24.53 (+24.78%)TWLO Twilio Inc. 134.88 +22.02 (+19.51%)TVTX Travere Therapeutics, Inc. 35.16 +5.51 (+18.58%)BFAM Bright Horizons Family Solutions Inc. 109.23 +16.95 (+18.37%)Maggiori ribassiATGE Adtalem Global Education Inc. 98.02 -43.75 (-30.86%)SPSC SPS Commerce, Inc. 82.24 -21.65 (-20.84%)TBBK The Bancorp, Inc. 65.37 -11.83 (-15.32%)DXCM DexCom, Inc. 58.22 -9.98 (-14.63%)ABR Arbor Realty Trust, Inc. 10.09 -1.46 (-12.64%)I più scambiatiNVDA NVIDIA Corporation 202.49 -0.32 (-0.16%)AMZN Amazon.com, Inc. 244.22 +21.36 (+9.58%)PFE Pfizer Inc. 24.65 +0.36 (+1.48%)OPEN Opendoor Technologies Inc. 7.77 +0.43 (+5.86%)ONDS Ondas Holdings Inc. 6.44 +0.15 (+2.38%)Eventi relativi agli utiliI miei eventi relativi agli utiliEventi relativi agli utiliTicker più popolariBTC-USD Bitcoin USD 107,218.86 -3,476.73 (-3.14%)ETH-USD Ethereum USD 3,704.25 -168.62 (-4.35%)HKD AMTD Digital Inc. 2.9500 +1.2600 (+74.56%)PLTR Palantir Technologies Inc. 200.47 +5.92 (+3.04%)XRP-USD XRP USD 2.40 -0.12 (-4.63%)Principali eventi economici