Wednesday, 30 April 2025

Including Uber .. BofA recommends 10 stocks

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Bank of America analysts recommended 10 stocks, following research conducted by the bank based on three axes including earnings, price and positive news.

CNBC earnings momentum refers to the change in consensus estimates for earnings per share over a three-month period, according to Bank of America. Price momentum relates to market incentives, while news momentum refers to media coverage and corporate news releases.

Uber — which BofA listed as an industry stock — ranked among the “Best Global Triple Momentum Stocks,” performing well in all three pillars, BofA said.

And the American investment bank, which is considered the second largest institution in the United States, said in a research note, that the construction company, Vinci, and the aircraft engine company, Safran, also performed well in industries.

In healthcare, the top-performing “triple momentum” stocks are pharmaceutical company Novo Nordisk, medical equipment company Boston Scientific and surgical robot maker Intuitive, while in the media sector, the bank recommended US entertainment company Netflix, Chinese internet giant Netize and Tencent. . Semiconductor stocks included in the triple momentum list include Bank of America, Onsemi Semiconductor, EMD, and LAM Research.

For software, Workday and Oracle selected among the names with the “most positive” momentum across the three metrics. In the financial sector, Bank of America chose Berkshire Hathaway and financial technology company Fiserv.

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