Bank of America adjusts its preferred list for U.S. stocks, with Chewy and XPO included
Bank of America has adjusted its US stock preferred list "US 1 List," adding AMETEK, Chewy, and XPO Inc., while removing Kirby Corp. but maintaining its "Buy" rating. The list aims to gather the best investment ideas, including US-listed stocks, with the goal of delivering long-term superior investment performance
The Zhitong Finance APP noted that Bank of America adjusted its preferred list of US stocks, the "US 1 List," on Tuesday. The bank added AMETEK (AME.US), Chewy (CHWY.US), and XPO Inc. (XPO.US) to its preferred list.
Bank of America removed Kirby Corp. (KEX.US) from the list. However, Bank of America maintained a "Buy" rating on Kirby.
Bank of America pointed out that the "US 1 List" is intended to represent a collection of its best investment ideas, which come from the buy-rated US-listed stocks (including ADRs) that the bank's Global Research Department's fundamental equity research analysts focus on. The management goal of this list is to provide long-term outstanding investment performance.
Other constituents of the list include tech giants such as Walmart, Apple, NVIDIA, and Microsoft