Top Stocks to Watch in the U. S. : A Look at Key Players and Market Trends

USASun Oct 06 2024
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The current market environment is filled with opportunities, according to Bank of America. Strategist Nigel Tupper noted that global earnings are improving, U. S. monetary policy is easing, and China's stimulus efforts are all contributing to a positive outlook for equity markets. This is especially true during the last ten weeks of the year, which have historically seen rallies in global equities. Despite a rough start to October, the S&P 500 is still up by 19% this year and has shown its strongest gain over the first nine months since 1997. To make the most of this rally, Bank of America identified key stocks that could significantly impact portfolio performance. These stocks are also well-suited for the current economic upturn and have a history of long-term earnings growth. Among these important U. S. stocks are Nvidia and Exxon Mobil. Nvidia's shares have risen by over 146% this year, with analyst Vivek Arya predicting further growth tied to gaming and data center demand. Exxon Mobil's shares, up by 22. 4%, are also on the rise due to recent oil price increases caused by ongoing uncertainties in the Middle East. Meta, known for its AI possibilities, is another favorite of Bank of America. The firm sees potential in Meta's artificial intelligence advancements and has raised its price target for the stock. Other notable stocks include Uber and Eli Lilly, which are also considered crucial players in the current market landscape.