Close icon
Two crossed lines that form an X . It indicates a way to close an interaction, or dismiss a notification. The coming weeks could see a pickup in home improvement spending given the recent stimulus bill that reached American wallets in the form of $1,400 checks. Brent Clark/AP Images for Lowe s This story is available exclusively to Insider subscribers. Become an Insider and start reading now.
Consumers are already thinking about what they will spend on as the economy reopens.
BofA surveyed consumers to figure out the market implications of their changing spending behavior.
BofA sees five stocks benefiting from the jumps in demand for various activities.
For now, though, the coast seems to be clear for stocks, according to Jordan Kahn, the chief investment officer at ACM Funds and comanager of the ACM Dynamic Opportunity Fund, which takes a long-short approach that s somewhat in the fashion of a hedge fund.
In addition to the gargantuan stimulus package that will be supportive of consumer spending, equity investors can rely on the fact that the global recovery is still in its early stages, interest rates remain low, and the Federal Reserve is committed to quantitative easing, Kahn told Insider on Wednesday.
He said he thought it would take several rate hikes from the Federal Reserve before stocks were hurt. As of now, it appears that the Fed will keep the federal funds rate near zero at least into 2022, if not longer.
This story is available exclusively to Insider subscribers. Become an Insider and start reading now.
Pricey tech shares have left investors questioning the attractiveness of the sector.
However, the sector still offers some under-the-surface investment opportunities.
Morgan Stanley shared 3 hardware names that could provide more than 30% upside.
Following last year s rally, tech-stock investors are now taking a second look at the sector as higher prices and the appeal of cheaper names challenge the attractiveness of their bets.
However, in a March 1 note, Morgan Stanley highlighted investment opportunities within what many view as an overly crowded technology sector, as it houses the tech hardware industry which tends to benefit from improving macroeconomic conditions.