Saturday, July 17, 2021

Bank of America's 8 Best Stocks to Buy in Q3

For your weekend reading, I again submit this week's issue of US News Invested with Bank of America's (that owns Merrill Lynch) recommendations of the best stocks to buy in Q3. For Sunday there will be one more little surprise coming from US News.  Stay tuned. 


July 12, 2021
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U.S. News & World Report

Invested

Advice, rankings and stock market news for investors.
Good morning, investors. President Joe Biden signed a broad executive order on Friday aimed at creating a competitive market across the U.S. economy.
TODAY'S FEATURED STOCK STORY

Bank of America's 8 Best Stocks to Buy in Q3

The liming action on the large wheat field
The stock market's huge run off March 2020 pandemic lows continued in the second quarter, sending the S&P 500 up by 14.4% in the first half to new all-time highs above 4,300.

Investors are growing increasingly optimistic that a combination of vaccine rollouts, economic reopenings and pent-up consumer demand will propel stock prices even higher in the second half.

Bank of America recently released its quarterly list of top stocks to buy for the next three months. These eight stock picks are high-conviction investment ideas that have bullish catalysts coming sometime in the third quarter:

1. Affirm Holdings (ticker: AFRM). Analyst Jason Kupferberg says buy now, pay later company Affirm's fiscal fourth-quarter earnings report and initial fiscal 2022 guidance – which are likely coming in early September – will be positive catalysts for the stock.

2. CNH Industrial (CNHI). Analyst Ross Gilardi says this global farm equipment manufacturer has several longer-term bullish catalysts, including a booming farm economy, elevated investment in precision farming, recovering end markets and its recent $2.1 billion buyout of Raven Industries.

Click here to continue.

Best stocks to buy in the third quarter:
  • Affirm Holdings (AFRM)
  • CNH Industrial (CNHI)
  • EPR Properties (EPR)
  • East West Bancorp (EWBC)
  • FedEx Corp. (FDX)
  • First Solar (FSLR)
  • Lamb Weston Holdings (LW)
  • Exxon Mobil Corp. (XOM)

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