Bank of America says these five stocks are best positioned for upside amid market uncertainty
Analysts at Bank of America said these stocks have plenty of room to run.
TL;DR
- Bank of America has named five stocks with potential for upside during market uncertainty.
- Stocks mentioned include Williams-Sonoma, Jabil, Kroger, Celsius Holdings, and Victoria's Secret.
- Kroger is expected to benefit from e-commerce growth, store execution, and its private label, 'Our Brands'.
- Williams-Sonoma's 'affordable luxury' positioning targets a resilient customer base, and the company is in a 'demographic sweet spot'.
- Victoria's Secret has potential for margin expansion and mid-to-high-teens EPS growth, with remodeled stores showing sales increases.
- Celsius Holdings is expected to see upward sales revisions due to strong consumption trends for Alani Nu and Core Celsius.
- Jabil's positive outlook is driven by secular growth in automotive (EV), healthcare, industrial (renewables), and cloud businesses.