Stocks including Nvidia and Apple are top picks as market run-up continues, Bank of America says

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Stocks including Nvidia and Apple are top picks as market run-up continues, Bank of America says

Bank of America is sticking with stocks including Apple and Nvidia heading into June. The bank revealed several companies that it says are top ideas and that offer plenty of upside potential. …

Bank of America is sticking with stocks including Apple and Nvidia heading into June. The bank revealed several companies that it says are top ideas and that offer plenty of upside potential. Other stocks screened by CNBC Pro and rated buy at Bank of America include: National Vision Holdings, Toll Brothers, Citigroup and Dollar General . Toll Brothers A "rare" beat and raise, analyst Rafe Jadrosich said of Toll following its latest quarterly report. Bank of America says the homebuilder is firing on all cylinders despite the rough macroeconomic environment. "Margins remain healthy/resilient... " Jadrosich noted. The analyst said shareholders should be impressed, noting that demand remains robust, especially in luxury homes. "We maintain our Buy rating; TOL remains our top pick given its regional/segment positioning, capital return, and attractive valuation," he said. The stock is down 12% in the past three months. Dollar General & National Vision Holdings Both retailers remain extremely compelling, according to Bank of America. Analyst Robert Ohmes said Dollar General has plenty of "momentum" as it continues to remodel stores and partner with Uber and Instacart for delivery. The bank says it also sees gross margin upside. Ohmes also named eye retailer National Vision Holdings as a top pick, saying investors should buy the dip. …

Original source: CNBC Top News

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