BofA Equities Traders Say Buy Momentum Stocks, Eyeing 5% Gain
Bank of America's equities trading desk is recommending clients purchase US momentum stocks, which they believe have become attractively priced following recent profit-taking selloffs. The bank projects a potential 5% gain from these positions as momentum stocks recover from their recent decline.
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BofA Equities Traders Say Buy Momentum Stocks, Eyeing 5% Gain
Bank of America's equities trading desk is recommending clients purchase US momentum stocks, following a recent pullback in valuations. The bank believes momentum stocks have reached an attractive entry point and sees potential for a 5% gain from current levels.
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