Stock picks to buy: 12 under-owned firms set to soar this earnings season - Business Insider

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Bank of America shares 12 under-owned stocks likely to soar on earnings this quarter with investing conditions ripe for the picking

According to Bank of America's equity and quant strategy team, 18% of the S&P 500 index components are reporting earnings this week.

Savita Subramanian, equity and quant strategist at Bank of America, sees a bright quarter ahead for corporate America. the economic surprise index the average post-Regulation Fair Disclosure third-quarter beat the average beat when estimates rose into earnings, andTheir conclusion is a 5% upside surprise for the benchmark S&P 500 this quarter.

The team looked into EPS revisions, sales revisions, and guidance as well as the ratio of positive to negative surprises in the previous quarter for 11 sectors.

 

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