Are you looking for some hot stock picks to add to your portfolio? Well, look no further because Bank of America has a list of stocks that they think investors should consider buying right now. These companies have major upside potential and could be a great addition to your investment strategy.
First up is Super Micro Computer, a company that is well positioned in the growing AI server market. With strong revenue growth expected from applications like Artificial Intelligence, High Performance Computing, and more, this could be a stock worth considering.
Next on the list is Kroger, the grocery store chain that is seeing success despite high grocery prices. With a focus on alternative profit streams and a robust digital presence, Kroger is poised for continued growth and share gains.
Burlington is another stock to watch, according to analyst Lorraine Hutchinson. With outsized sales and margin recovery opportunities, new store openings, and a focus on both high and lower-income earners, Burlington has the potential for outperformance in the retail sector.
JPMorgan Chase is also on Bank of America’s list of well-positioned stocks. With a top-notch balance sheet and strategic optionality, JPMorgan has the potential for upside surprises and defensibility in case of an economic downturn.
And last but not least, TJX Companies, the parent company of TJ Maxx and Marshalls, is well positioned for continued share gains. With a focus on providing value and securing great deals on quality branded products, TJX is poised to continue gaining market share.
So if you’re looking to add some new stocks to your portfolio, consider these well-positioned companies recommended by Bank of America. They have the potential for growth and could be a great addition to your investment strategy.
Source link