Buy stocks like Nvidia and Apple, which have plenty of upside potential, Bank of America says

Further upside is in the cards for a slate of stocks, including Nvidia , according to Bank of America. The firm recently called out big-name stocks that it says are worth snapping up — and that includes the artificial intelligence darling, which has seen its shares more than double in 2024.

Pro combed through Bank of America's research for buy-rated stocks that are well positioned for additional gains. In addition to Nvidia, these names include Apple, Nextracker , BJ's Wholesale Club and Ralph Lauren . BJ's Wholesale Club BJ's is firing on all cylinders, according to analyst Robert Ohmes. In a recent note, he said that BJ's has "momentum in membership, traffic, and unit volumes," even as warehouse competition heats up.

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How Big Can Nvidia Get As It Threatens Apple And A $3 Trillion Market Cap?Derek Saul is a New Jersey-based Senior Reporter on Forbes' news team. He graduated in 2021 from Duke University, where he majored in Economics and served as sports editor for The Chronicle, Duke's student newspaper, joining Forbes soon thereafter.
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