These stocks, including Nvidia, have more room to run in July, Bank of America says
What future events could potentially boost Palantir's stock?
Potential future events that could boost Palantir's stock include strong earnings results, inclusion in the S&P 500 index, growing adoption of AI technologies, and securing significant contracts, particularly within the government and defense sectors5.
Why is Bank of America optimistic about Nvidia's performance?
Bank of America is optimistic about Nvidia's performance due to its strong management, balance sheets, EPS growth, and cash flow. The company's involvement in the AI boom and its potential to help upgrade computing infrastructure contribute to the positive outlook. Additionally, Nvidia's GPU Technology Conference is expected to bring important updates on its product pipeline, further boosting its position in the market.
What are Bank of America's reasons for recommending Carnival?
Bank of America recommends Carnival due to its better-than-expected earnings in late June, healthy cruise spend, and positive commentary on the pace of 2025 bookings. The firm believes that management is executing well after facing pandemic headwinds, and cost savings with an improving balance sheet could drive a better valuation multiple. The steady fundamentals provide an opportunity for balance sheet improvement, making the stock compelling with a lifted price target of $24 per share.