Stock To Watch: Bank of America Corp (NYSE: BAC), Nike (NYSE:NKE), Glaxo SmithKline plc NYSE:GSK), The Blackstone Group (NYSE:BX)

Michael Hartnett, the chief investment strategist of Bank of America Corp. (NYSE:BAC), has called for a strong correction in the markets in a note released on April 10. Wrote Hartnett: “High cash, low leverage…bull markets don’t end this way. We think bigger 10-15% correction more likely in autumn as Fed QE ends and rate-hike expectations grow.” The doom and gloom prediction comes at the same time Marc Faber said a coming correction would be worse than the 1987 crash. Bank of America Corp (NYSE:BAC) shares after opening at $15.86 moved to $16.13 on last trade day and at the end of the day closed at $15.77. Company price to sales ratio in past twelve months was calculated as 3.02 and price to cash ratio as 0.29. Bank of America Corp (NYSE:BAC) showed a negative weekly performance of -5.68%.

Nike Inc (NYSE:NKE) was upgraded by research analysts at Stifel Nicolaus from a “hold” rating to a “buy” rating in a report released on Tuesday, TheFlyOnTheWall.com reports. The firm currently has a $87.00 price objective on the stock. Stifel Nicolaus’ price target would indicate a potential upside of 18.27% from the stock’s previous close.Nike Inc (NYSE:NKE) shares fell -1.66% in last trading session and ended the day on $71.25. NKE return on equity ratio is recorded as 23.80% and its return on assets is 15.10%.Nike Inc (NYSE:NKE) yearly performance is 19.13%.

British drugs maker GlaxoSmithKline plc (ADR) (NYSE:GSK) is all set to investigate bribery charges in Iraq, the company said on Sunday. These further allegations come in the wake of corruption charges that the company is already facing in China. GlaxoSmithKline plc (ADR)(NYSE:GSK) shares moved down -1.50% in last trading session and was closed at $51.76, while trading in range of $51.70 – 52.25. GlaxoSmithKline plc (ADR)(NYSE:GSK) year to date (YTD) performance is -1.75%.

Stock analysts at Citigroup Inc. dropped their price objective on shares of The Blackstone Group L.P. (NYSE:BX) from $42.00 to $40.00 in a report issued on Wednesday, American Banking News reports. The firm currently has a “buy” rating on the stock. Citigroup Inc.’s price objective would indicate a potential upside of 33.16% from the company’s current price. The Blackstone Group L.P.(NYSE:BX) weekly performance is -8.11%. On last trading day company shares ended up $30.14. The Blackstone Group L.P. (NYSE:BX) distance from 50-day simple moving average (SMA50) is -7.57%. Analysts mean target price for the company is $38.63.