To learn more about our rating and review methodology and editorial process, check out our guide on How Forbes Advisor Rates Investing Products. Ideas list contains both long ideas and short ideas, but the stock recommendations included in our list are the firm’s long ideas only.

In this volatile and unpredictable market, Bank of America has compiled a list of the best stocks to buy now, which we profile below.Īt the beginning of each quarter, Bank of America compiles a list of its highest-conviction stock ideas for the quarter based on fundamental analysis performed by its equity analyst team.įor each stock included on the list, analysts highlight unique catalysts that are likely to occur before the end of the quarter.Īll stocks on the list are covered by Bank of America analysts, and the stocks chosen typically remain on the list throughout the quarter unless coverage is dropped or an analyst’s recommendation changes.īank of America’s Top 10 U.S. Meanwhile, the New York Fed’s recession probability model still estimates a 57.7% chance of a U.S. Investors now believe there’s a good chance the Federal Reserve is finally done raising interest rates. As a result, financial companies were the worst-performing S&P 500 sector in the first quarter, with an overall decline of 5.6%.

regional banks in March triggered a sell-off in bank stocks and forced regulators and other banks to step in to backstop the industry. The collapse of Silicon Valley Bank and a handful of other U.S. The Nasdaq 100 gained 20.8% in the first quarter, while large-cap growth stocks gained 14.4%. In particular, technology stocks and growth stocks have outperformed so far this year. This very good showing came despite investor concerns about rising interest rates, a potential recession and an unexpected banking crisis. Following a strong performance in the fourth quarter of 2022, the S&P 500 gained 7.5% in the first quarter of 2023.

Best stocks to buy today