"BofA's Hartnett Predicts All Commodity Charts Will Resemble Gold Soon, Adopts Bullish Stance on Commodities."
Written by Emily J. Thompson, Senior Investment Analyst
Source: MarketWatch
Economic Policy Outlook: The Trump administration's "run it hot" economic policy is expected to drive a commodities boom and surpass bond performance in the coming year, as noted by Bank of America's chief investment strategist, Michael Hartnett.
Market Trends: There are already signs of breakout in metals prices, natural-resource stocks, and Latin American stocks, which serve as a proxy for commodities.
Analyst Views on GNR
Wall Street analysts forecast GNR stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for GNR is USD with a low forecast of USD and a high forecast of USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
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Current: 67.760
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Current: 67.760
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About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
