After what can only be called a dismal first half, most investors are looking for some relief in the form of returns for the remainder of 2022. If anything is different about the current moment, it is that investors are looking for potential short-term winners to help reduce, if not overcome, the losses of the first half of the year.
On Friday, Bank of America published its Top 10 U.S. Ideas for the third quarter. The bank’s chief investment strategist, Michael Hartnett, continues to expect a strong bear market and that the bottom has still not been reached. He also thinks that markets “could experience strong bear market rallies in the near-term” and that investors “should sharpen their pencils and be ready to add to positions on abrupt and potentially short-lived pull-backs.”
BofA’s fundamental equities analysts have picked nine high-conviction ideas to buy and one to short. Here is a look at BofA’s Top 10 Ideas for U.S. stocks in the third quarter.
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