Bank of America unveils the most 'attractive' must-own stocks for 2023

  • 📰 CNBC
  • ⏱ Reading Time:
  • 19 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 11%
  • Publisher: 72%

Ireland News News

Ireland Ireland Latest News,Ireland Ireland Headlines

CNBC Pro combed through Bank of America research to find its top stocks to own this year.

They include Goldman Sachs, Morgan Stanley, Wallbox , Radian Group, Tapestry and Starbucks. Starbucks Shares of the global coffee chain are up 6% already in 2023, but analyst Sara Senatore says clients should buy the stock now. Bank of America says China reopening is a positive catalyst likely to send Starbucks shares higher. "Now that China has largely abandoned its zero-Covid policy,

's transitory China challenges and U.S. margin pressure create a particularly attractive buying opportunity," she said. Tapestry The owner of Coach and Kate Spade is firing on all cylinders, according to analyst Lorraine Hutchinson. Shares are up more than 25% over the last six months and Bank of America calls Tapestry one of its best ideas for 2023.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

Next time I get cnbc pro paid content on this handle, I’ll unfollow

Thank you I will invest on property only

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 12. in İE

Ireland Ireland Latest News, Ireland Ireland Headlines