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 Nieuws

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.

Wij hebben dit nieuws samengevat zodat u het snel kunt lezen. Bent u geïnteresseerd in het nieuws, dan kunt u hier de volledige tekst lezen. Lees verder:

 /  🏆 12. in NL
 

Bedankt voor uw reactie. Uw reactie wordt na beoordeling gepubliceerd.

Nederland Laatste Nieuws, Nederland Headlines

Similar News:Je kunt ook nieuwsberichten lezen die vergelijkbaar zijn met deze die we uit andere nieuwsbronnen hebben verzameld.

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
Bron: abc15 - 🏆 263. / 63 Lees verder »

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.
Bron: CNBC - 🏆 12. / 72 Lees verder »