Bank of America analysts were pounding the table recently for a slew of buy-rated stocks. Nvidia , which unveils its second-quarter earnings on Wednesday, is one company that the firm is advising clients to buy any dip. The other stocks include: Ralph Lauren, Yeti, Goldman Sachs, and GE Aerospace.
Yeti The outdoor goods and camping products company is firing on all cylinders, the firm said. Analyst Alexander Perry recently upgraded the stock to buy from neutral citing a slew of positive catalysts. "We see multiple drivers of potential 2H upside including NFL licensed drinkware and hard cooler rollout to YETI.
com, strong AMZN prime day in 3Q, and strong new product contribution," he wrote. The firm is bullish on Yeti's expansion plans overseas adding that further M & A is possible in the company's future. Yeti shares are down 20% making them especially "compelling," Perry said.
"We rate YETI shares Buy as we expect continued momentum supported by new product categories & international expansion," he said. Ralph Lauren "A hit down the fairway," analyst Christopher Nardone titled his recent recap of Ralph Lauren earnings. The company turned in a report earlier this month that offered a strong top and bottom line beat along a solid forecast.
Nardone said sales in Europe and China didn't disappoint, with the U.S. also looking promising despite some consumer uncertainty.
"That said, we were encouraged by the strength in the full price store business in N.A. [North America]," he wro.