News Snapshot:
Bank of America has named a number of European stocks that are expected to perform well across three economic phases. The investment bank screened for stocks based on their ability to withstand fluctuations in a slowdown, recession, and boom. "Our Style Cycle model ... remains in the 'Slowdown' phase but is near the crossing line of the next phase," wrote Paulina Strzelinska, quant strategist at Bank of America in a note to clients on May 17. "Historically, the 'Recession' phase is the typical successor of the 'Slowdown' phase, but a 'Boom' phase has also followed 'Slowdown' in the past." A...
