Uber and more: Bank of America names over 10 top stocks with ‘triple momentum’

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Analysts at Bank of America screened for 'triple momentum' stocks based on their momentum in three areas: earnings, price and positive news.

Analysts at Bank of America screened for "triple momentum" stocks based on their momentum in three areas: earnings, price and positive news. Earnings momentum refers to the change in consensus earnings per share estimates for each stock over three months, according to BofA. Price momentum concerns market sentiment, while news momentum refers to media coverage and corporate news releases.

In health care, the top-performing "triple momentum" stocks are drug company Novo Nordisk , medical equipment firm Boston Scientific and robotics manufacturer Intuitive Surgical . As for the media sector, the bank included Netflix and Chinese internet giants NetEase and Tencent . Semiconductor stocks on BofA's triple momentum list include U.S. firms ON Semiconductor , AMD and Lam Research .

 

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