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Sunday, October 25, 2020

Walmart and Eli Lilly headline BofA's top stocks list for Q4

  • Bank of America has 10 US Idea stocks selected as outperformers during a quarter that includes huge stimulus, election and COVID wildcards.
  • BofA says the picks for Q4 are based on its views of potential significant market and business-related catalysts that it thinks will affect the stocks during the current quarter.
  • The Buy-rated stocks listed as top Q4 U.S. Ideas are Extra Space Storage (NYSE:EXR), Freeport McMoRan (NYSE:FCX), Alphabet (NASDAQ:GOOGL), Jazz Pharmaceuticals (NASDAQ:JAZZ), Eli Lilly (NYSE:LLY), Medtronic (NYSE:MDT), Parker Hannifin (NYSE:PH) and Walmart (NYSE:WMT).
  • On the short side, the Underperform-rated stocks expected to have a rough quarter are Royal Caribbean (NYSE:RCL) and Waters (NYSE:WAT).
  • The firm's top 10 US Ideas list has outperformed the broad market by a wide margin the last two quarters.
  • https://seekingalpha.com/news/3625491-walmart-and-eli-lilly-headline-bofas-top-stocks-list-for-q4

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