5 Most Buzzing Stocks To Buy Now

This article presents an overview of the 5 Most Buzzing Stocks To Buy Now. For a detailed overview of such stocks, read our article, 13 Most Buzzing Stocks To Buy Now.

5. Bank of America Corp (NYSE:BAC)

Number of Hedge Fund Investors: 88

Bank of America Corp (NYSE:BAC) ranks fifth in our list of the most buzzing stocks now. Earlier this month Bank of America Corp (NYSE:BAC) posted fourth quarter results. While net interest income met consensus, noninterest income missed estimates.

Smead Value Fund made the following comment about Bank of America Corporation (NYSE:BAC) in its Q3 2023 investor letter:

“Through the first nine months of the year, we had a gain of 2.10%. The S&P 500 had a gain of 13.07% and the Russell 1000 Value had a gain of 1.79%. The stock market realized markedly higher riskless US Treasury interest rates had their effect on the stock market as it began to reassert what Warren Buffett calls the “gravitational pull” on price-to-earnings ratios (P/E).

On the downside, Target (TGT), Bank of America Corporation (NYSE:BAC) and Pfizer (PFE) detracted the most in the first nine months of the year. Inverted yield curves are historically lousy for the banks, so the weak performance for BAC is no surprise.”