The firm is eyeing a collection of stocks that can outperform in the fourth quarter.
With tensions in the Middle East rattling Wall Street to start October trading, Bank of America has its eye on a collection of stocks that could see strong gains in the quarter ahead. Wall Street is coming off of an unusually strong September that saw stocks conclude the month with gains for the first time in five years. September is historically the worst month of the year for equities.
mountain Starbucks stock. Walmart stock has advanced more than 54% in 2024. Bank of America's $85 per share forecast calls for about 5% upside ahead. Analyst Robert Ohmes said Walmart's efforts to improve its e-commerce business with faster delivery options, store renovations and the growth of its membership service Walmart+ could help push the stock, especially during the key holiday shopping season. WMT YTD mountain Walmart stock.
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