Bank of America Lists Key U.S. Stocks

Bank of America has released a list of significant stocks in the U.S. market, focusing on those within the MSCI USA Index that boast a market capitalization exceeding $100 billion and an average daily trading volume of at least $100 million. The firm employed a rigorous screening process that assessed the volatility of relative returns over the past decade, alongside factors such as earnings, price momentum, and news sentiment. This analysis aimed to identify stocks that not only thrive during economic upturns but also promise long-term stable earnings growth. Among the notable stocks identified is Nvidia, the artificial intelligence chipmaker, which has seen a remarkable 160% increase in its stock price year-to-date. Despite experiencing some fluctuations, including a 5% drop in July, Nvidia remains a focal point for investors as it prepares to announce its earnings later this month. The company’s strong performance reflects growing confidence in its long-term potential within the AI sector. Eli Lilly, a prominent drugmaker, also made the list, with shares rising approximately 63% this year as investors anticipate its advancements in the pharmaceutical industry. Additionally, the "Magnificent Seven" stocks, including Apple and Tesla, were highlighted. Apple has gained 17% year-to-date, bolstered by its recent AI strategy announcement, while Tesla has faced a 10% decline. Meta Platforms rounded out the list, with its shares climbing 50% this year, showcasing the diverse range of companies that Bank of America considers pivotal in the current market landscape.