economy
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.