Stocks to buy once election results are clear and volatility eases, according to Bank of America

Several stocks could rise if market volatility scales back after Tuesday's U.S. presidential election, according to a Bank of America analysis. Stock market volatility climbed ahead of the election, with the the Cboe Volatility Index — known as Wall Street's "fear gauge" — crossing 23 on Thursday. But with the winner of the election decided, the VIX has eased to around 16 on Wednesday.

2% on Tuesday after posting disappointing fourth- quarter guidance due to macro weakness in Europe and the Americas and in the industrial and internet of things markets. NXP's earnings exceeded estimates by 2 cents per share, however, its revenue was in line with estimates. Its shares are down 2.2% this year This weakness could continue. Morgan Stanley revised its 2024-2025 revenue estimates on NXP lower, expecting a period of stagnation in the automotive semiconductor market.

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