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Quanta Services (PWR) Stock Price Declined While A-D-Beadell Investment Counsel Raised Position; Bank Amer (BAC) Holder David R Rahn & Associates Has Cut Its Stake as Share Price Declined

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David R Rahn & Associates Inc decreased its stake in Bank Amer Corp (BAC) by 23.11% based on its latest 2018Q1 regulatory filing with the SEC. David R Rahn & Associates Inc sold 15,666 shares as the company’s stock declined 6.97% with the market. The institutional investor held 52,125 shares of the major banks company at the end of 2018Q1, valued at $1.56M, down from 67,791 at the end of the previous reported quarter. David R Rahn & Associates Inc who had been investing in Bank Amer Corp for a number of months, seems to be less bullish one the $303.17B market cap company. The stock decreased 0.53% or $0.16 during the last trading session, reaching $29.9. About 49.64 million shares traded. Bank of America Corporation (NYSE:BAC) has risen 29.72% since June 13, 2017 and is uptrending. It has outperformed by 17.15% the S&P500. Some Historical BAC News: 07/05/2018 – U.S. IPOs Drop 17% in 2018, BofA Leads; 12/03/2018 – Carter’s, Inc. Announces Participation at the Bank of America Merrill Lynch 2018 Consumer & Retail Technology Conference; 26/03/2018 – U.S. banks provide rescue financing for gunmaker Remington; 13/03/2018 – Boeing Vice President of Commercial Marketing to Speak at Bank of America Merrill Lynch Global Industrials Conference on March 20; 10/05/2018 – Momenta Presenting at Bank of America Conference May 17; 05/03/2018 – Business Insider: These are the top 5 contenders for Amazon’s HQ2, according to Bank of America; 16/04/2018 – Bank of America 1Q Equity Trading Increases 38% (Video); 14/05/2018 – American Air Presenting at Bank of America Conference Tomorrow; 29/03/2018 – BANK OF AMERICA SAYS TO OPEN 600 MORE MERRILL EDGE INVESTMENT CENTERS; 10/05/2018 – Esperion to Participate in Fireside Chat at the Bank of America Merrill Lynch 2018 Healthcare Conference

A-D-Beadell Investment Counsel Inc increased its stake in Quanta Services Inc (PWR) by 70% based on its latest 2018Q1 regulatory filing with the SEC. A-D-Beadell Investment Counsel Inc bought 16,085 shares as the company’s stock declined 0.20% with the market. The institutional investor held 39,065 shares of the capital goods company at the end of 2018Q1, valued at $1.34M, up from 22,980 at the end of the previous reported quarter. A-D-Beadell Investment Counsel Inc who had been investing in Quanta Services Inc for a number of months, seems to be bullish on the $5.53 billion market cap company. The stock increased 0.05% or $0.02 during the last trading session, reaching $36.84. About 661,266 shares traded. Quanta Services, Inc. (NYSE:PWR) has risen 14.77% since June 13, 2017 and is uptrending. It has outperformed by 2.20% the S&P500. Some Historical PWR News: 03/05/2018 – QUANTA SERVICES INC PWR.N SEES FY 2018 SHR $2.07 TO $2.47; 09/03/2018 QUANTA COMPUTER 2382.TW SAYS FEB SALES DOWN 13.3 PCT Y/Y; 25/04/2018 – Quanta Successfully Completes Pilot Treatments in France; 09/03/2018 – Quanta Computer Inc. Feb Rev NT$64.29B; 03/05/2018 – Quanta Services 1Q Rev $2.42B; 30/03/2018 – Taiwan’s electronics makers face triple threat; 10/04/2018 – TAIWAN’S QUANTA COMPUTER 2382.TW SAYS MARCH SALES DOWN 2.65 PCT Y/Y; 03/05/2018 – Quanta Services Sees 2018 Rev $9.95B-$10.55B; 03/05/2018 – Quanta Services 1Q EPS 24c; 03/05/2018 – Quanta Services Sees 2018 EPS $2.07-EPS $2.47

Among 33 analysts covering Bank of America (NYSE:BAC), 22 have Buy rating, 0 Sell and 11 Hold. Therefore 67% are positive. Bank of America had 114 analyst reports since July 21, 2015 according to SRatingsIntel. The firm has “Buy” rating given on Friday, October 13 by RBC Capital Markets. The stock of Bank of America Corporation (NYSE:BAC) earned “Hold” rating by Berenberg on Monday, April 24. As per Friday, March 16, the company rating was maintained by Credit Suisse. The company was maintained on Wednesday, April 4 by Keefe Bruyette & Woods. The company was maintained on Wednesday, August 12 by Deutsche Bank. Vetr upgraded it to “Buy” rating and $18.59 target in Monday, August 24 report. BMO Capital Markets maintained the stock with “Hold” rating in Friday, October 13 report. The stock has “Neutral” rating by UBS on Wednesday, August 26. UBS maintained Bank of America Corporation (NYSE:BAC) on Monday, October 16 with “Neutral” rating. The rating was maintained by Jefferies on Monday, April 16 with “Buy”.

David R Rahn & Associates Inc, which manages about $207.97 million and $101.63 million US Long portfolio, upped its stake in Schwab Strategic Tr (SCHX) by 38,720 shares to 79,626 shares, valued at $5.02 million in 2018Q1, according to the filing. It also increased its holding in Spdr Gold Trust (GLD) by 36,122 shares in the quarter, for a total of 69,897 shares, and has risen its stake in Etfs Precious Metals Basket (GLTR).

More notable recent Bank of America Corporation (NYSE:BAC) news were published by: Seekingalpha.com which released: “Bank Of America: More Tailwinds” on June 03, 2018, also 247Wallst.com with their article: “Short Sellers Grow More Selective on Major Banks” published on June 12, 2018, Finance.Yahoo.com published: “Thursday’s Vital Data: Micron Technology, Inc. (MU), Bank of America Corp (BAC) and AbbVie Inc. (ABBV)” on May 31, 2018. More interesting news about Bank of America Corporation (NYSE:BAC) were released by: Seekingalpha.com and their article: “Bank of America’s virtual financial assistant gets over 1M users” published on June 12, 2018 as well as Seekingalpha.com‘s news article titled: “2018: The Math Is Simple” with publication date: June 13, 2018.

Analysts await Bank of America Corporation (NYSE:BAC) to report earnings on July, 17. They expect $0.63 earnings per share, up 36.96% or $0.17 from last year’s $0.46 per share. BAC’s profit will be $6.39B for 11.87 P/E if the $0.63 EPS becomes a reality. After $0.62 actual earnings per share reported by Bank of America Corporation for the previous quarter, Wall Street now forecasts 1.61% EPS growth.

Bank of America Corporation (NYSE:BAC) Institutional Positions Chart

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