Bank of America analysts pick several favorite stocks ahead of earnings season

Bank of America analysts pick several favorite stocks ahead of earnings season

CNBC has taken it upon itself to collect the recommendations of a number of analysts from Bank of America, hoping to get some good advice ahead of results season.

According to the site The big bank said that there are many buying options High quality is not getting enough attention from investors.

This includes, among others, Broadcom, Mondolez, and Rollins, the latter being a North American pest control company.

– We see limited risks to the growth path in the future, no weak housing market, no recession, no competition and no climatic conditions. Therefore, we think the stake deserves to be trading at a twofold premium, says Bank of America analyst Jason Haas.

So far this year, the stock is up 22 percent and was trading Friday evening for $44.5 a share. stock. Haas has set a price target of $49 per share. stock.

Sees upside down in solar cells

Bank of America analyst Julien Dumoulin-Smith named solar energy company SolarEdge as one of his favorite companies.

“We believe the company’s revenue and gross margin will fall at the high end of guidance for the second quarter, driven by increased volume and price, despite investor concerns,” he wrote in an update.

“Even with ambitious growth targets, we remain confident in the company’s ability to compete in these markets, given the company’s valuation and 5-10-year track record.”

The stock is down 4 percent this year and was trading Friday evening for $273.6 a share. stock.

Another favorite is Canadian conglomerate Thomson Reuters analyst Heather Balsky, who expects a significant increase in sales in the coming months. At the same time, it says the company will be able to be a significant player in generative AI.

See also  Corona Committee reports on Omicron and Corona in Norway - NRK Norway - Overview of news from across the country

The share is up 12 percent this year, and according to Palski, there’s “much more” room for further growth.

Dalila Awolowo

Dalila Awolowo

"Explorer. Unapologetic entrepreneur. Alcohol fanatic. Certified writer. Wannabe tv evangelist. Twitter fanatic. Student. Web scholar. Travel buff."

Leave a Reply

Your email address will not be published. Required fields are marked *