Bank of America's Q3 Preferred Stock List Revealed! Cisco (CSCO.US), Boeing (BA.US), etc. are on the list

The Zhitong Finance App learned that Bank of America released its top ten investment recommendations for the third quarter on Tuesday, including eight recommending individual stock purchases and two recommending short tenders.

Those selected for the buying list include Cisco (CSCO.US), Boeing (BA.US), cloud computing platform Datadog (DDOG.US), credit scoring company Fair Isaac (FICO.US), regional bank KeyCorp (KEY.US), LEVI.US (LEVI.US), medical device company Medtronic (MDT.US), and Warner Bros. Discovery Channel (WBD.US). The shortlisted targets were food giant CAG.US (CAG.US) and telemedicine company Hims & Hers Health (HIMS.US). Bank of America gives each recommendation a “buy” rating for individual stocks, while those that are shorting the bid have a “underperforming” rating.

The bank stated in a report to clients: “Entering the second half of 2025, our economy and interest rate team has updated their outlook. The team of economists maintains expectations and believes that the Federal Reserve will remain on hold in 2025 and will not implement interest rate cuts of 100 basis points until 2026.” Analysts added that due to the tariff policy, inflation may pick up in the second half of the year, which will make it difficult for the Federal Reserve to start cutting interest rates until inflation “continues to fall.”

At the same time, the report emphasized: “Although the labor market may face the pressure of immigration policy restrictions and trade uncertainty, overall resilience remains.”