Why Bank of America Corporation (BAC) is One of the Best Strong Buy Stocks to Buy Right Now

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We recently published a list of the 10 Best Strong Buy Stocks To Buy Right Now. In this article, we are going to take a look at where Bank of America Corporation (NYSE:BAC) stands against the other best strong buy stocks to buy right now.

Fears of a slowing economy have hit stocks recently, along with concerns that Trump’s tariffs will raise prices for consumers and lead to more inflation. These trends pose questions about whether the market broadening, which some experts have predicted, can really happen. On February 28, Sara Naison-Tarajano, Goldman Sachs Private Wealth global head of capital markets, appeared on CNBC’s ‘Closing Bell’ to discuss her growth outlook. She believed that the broadening of the market will take place, and the market is already seeing it. Considering the broadening versus the Mag 7, this year’s outperformance is pretty dramatic. If we look at what the last two years have been like combined, the returns of the Mag 7 were over 200%, while those of the rest of the market were only 31%. Therefore, the market is definitely seeing the trend materialize, and Tarajano believes it is going to continue.

She said the market is currently all about tariffs, growth, consumers, wavering, and several other factors. Among all, it is definitely about uncertainty, which in turn affects the markets and the consumers. We are seeing policy uncertainty around tariffs, geopolitical uncertainty around the Middle East and Ukraine, and some degree of regulatory uncertainty in terms of not knowing what the path will be in the future for this administration in the back half of the year. This uncertainty is coupled with the fact that we are coming off two incredible years of equity market returns. In addition, the back half of February tends to be historically weak anyway. All of these trends are coming together to create some market volatility, and it is to be expected.

READ ALSO: 11 Best Pharma Stocks to Buy According to Hedge Funds and 10 Cheap Gold Stocks to Invest In Right Now.

Tarajano further said that she was and is still thinking that the first half of the year could be a bit dicey and the second half, which may see tax cuts and the impacts of deregulation, would see more deals done and more IPOs, resulting in a smoother H2. However, she said she reserved the right to revise her views based on how the policies come out. Shedding further light on the situation, she opined that the tariffs are a significant part of the base case and will be an essential part of what happens to inflation, which in turn has a broader impact on the economy. Talking about the base case, she said we will see a 4% increase in the effective tariff rate, which only has a 40 basis point impact on core PCE, a 20 basis point impact on GDP, and more. If the base case persists, we can make it through this first half.



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Alexandra Williams
Alexandra Williams
Alexandra Williams is a writer and editor. Angeles. She writes about politics, art, and culture for LinkDaddy News.

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