News Formal

Bank of America's global 'Best of Breed' portfolio is trouncing the market. Here's what's in it

  • 📰 CNBC
  • ⏱ Reading Time:
  • 21 sec. here
  • 14 min. at publisher
  • 📊 Quality Score:
  • News: 54%
  • Publisher: 72%

Investment Strategy Nachrichten

Stock Markets,NVIDIA Corp,Advanced Micro Devices Inc

Of the more than 3,000 companies in the bank's coverage universe, just 26 qualified for the firm's list.

Investors looking for outperformance in the third quarter may want to check Bank of America's global "Best of Breed" portfolio. Of the more than 3,000 companies in the bank's coverage universe, just 26 qualified for the firm's list, which outperformed the MSCI All Country World Index by 33.7 percentage points in 2024 through the end of May. Its third-quarter Best of Breed list is heavily exposed to tech, with the sector netting a 64% portfolio weighting. The U.S.

Morgan Stanley is also bullish on the stock, citing existing demand for the company's microarchitecture. The firm reiterated its overweight rating and raised its price target to $144 from $116 in a Monday note. This implies around 17% upside from Tuesday's close. Shopify also made the cut. While shares have fallen more than 14% in 2024, they have surged more than 112% over the past two years.

Wir haben diese Nachrichten zusammengefasst, damit Sie sie schnell lesen können. Wenn Sie sich für die Nachrichten interessieren, können Sie den vollständigen Text hier lesen. Weiterlesen:

 /  🏆 12. in AT
 

Vielen Dank für Ihren Kommentar.Ihr Kommentar wird nach Prüfung veröffentlicht.

Österreich Neuesten Nachrichten, Österreich Schlagzeilen

Similar News:Sie können auch ähnliche Nachrichten wie diese lesen, die wir aus anderen Nachrichtenquellen gesammelt haben.

The housing market is ‘stuck’ until at least 2026, Bank of America warnsBank of America expects home prices will climb by 4.5% this year and then by another 5% in 2025 before eventually dipping by 0.5% in 2026
Herkunft: abc15 - 🏆 263. / 63 Weiterlesen »

Housing market to remain 'stuck' until at least 2026, Bank of America saysThe bank sees a variety of factors lining up against both a major improvement in sales and a drop in prices.
Herkunft: CNBC - 🏆 12. / 72 Weiterlesen »