Bank of America names its top U.S. Idea for Q4 as it looks for year-end opportunities for investors.
"As we head into year-end off of a volatile third quarter, our strategy teams think the US continues to be the destination for investors because of key advantages in productivity, population, profits & policy," updates the firm.
The list of high-conviction, short-term ideas includes 8 Buy-rated stocks and 2 Underperform-rated stocks.
Bank of America sees quick upside for APA Corp (NASDAQ:APA), CNH Industrial NV (NYSE:CNHI), East West Bancorp (NASDAQ:EWBC), Extra Space Storage (NYSE:EXR), Fox Corporation (NASDAQ:FOXA), General Electric (NYSE:GE), Medtronic (NYSE:MDT) and Uber Technologies (NYSE:UBER).
Bank of America sees downside risk for AutoZone (NYSE:AZO) and Williams-Sonoma (NYSE:WSM).