Bank of America has identified several companies as “compelling” buy picks ahead of their earnings reports. Nvidia is one such company that has received attention for its strong performance. The analyst, Ebrahim Poonawala, expects the new CEO Raymond Chun to drive improved profitability and notes that shares are up 8% this year.
Toronto-Dominion Bank (TD) has also been upgraded to “buy” by Bank of America. Despite recent scrutiny over its anti-money-laundering unit, the bank is expected to turn a corner following fines and penalties imposed by the U.S. Department of Justice. Shares are up 8% this year.
JD.com, a Chinese e-commerce company, has seen significant growth in shares, with an almost 75% increase over the past year. Analysts expect direct sales revenues to grow 10.5% YoY, driven by diversification of product categories and expansion in business models.
Block, a fintech payment company, is also being touted as a buy pick by Bank of America. Analyst Jason Kupferberg notes that the company’s dual-sided ecosystem and opex discipline make it an attractive investment opportunity. Despite recent volatility, Block is expected to outperform in 2025.
These companies are expected to report earnings in late February and early March, respectively. Investors should keep a close eye on these reports as they could significantly impact stock prices.
Source: https://www.cnbc.com/2025/02/08/nvidia-is-compelling-ahead-of-earnings-bank-of-america-says.html