Why did BoA tell investors to "take profits"?

Segments From This Episode

• Major bank advises investors that the market is near its peak

  by Henry Epp

  

  A darkening picture for consumers and unusually high prices for tech shares suggest the market’s seemingly endless upswing may be coming to an end.

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• Packaged food companies like Smucker's face a future full of obstacles

  by Stephanie Hughes

  

  Smucker's Company announced net sales were up 4% over the past quarter. However, the company indicated that they expect a decrease in the year ahead due to “a dynamic and evolving external environment.”

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• Summer is off to a strong start for movie theaters

  by Kai Ryssdal and Andie Corban

  

  At the nonprofit Belcourt Theatre in Nashville, Tenn., membership is higher than ever before ahead of a “pretty stacked summer of movies.”

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• War in Iran continues to strengthen oil and gas companies' balance sheets

  by Elizabeth Trovall

  

  Fitch Ratings upgraded its oil and gas sector outlook to “improving” from “neutral,” and Moody’s maintained its positive outlook.

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• The Numbers

  by Kai Ryssdal

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• Are cover letters dead?

  by Kai Ryssdal and Maria Hollenhorst

  

  In the age of AI, hiring managers sifting through piles of submissions look for alternative methods to distinguish candidates

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• Foreign trade zones helped companies avoid tariffs. That's changed under Trump.

  by Justin Ho

  

  FTZs used to allow manufacturers to import goods tariff-free and use those imports to manufacture products with lower tariff rates. The Trump administration removed that benefit last year.

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