Stocks including Nvidia and Apple are top picks as market run-up continues, Bank of America says
📈 Bank of America maintains its bullish stance on Nvidia and Apple as the market continues its upward run into June.
🏠 Toll Brothers is highlighted as a top pick due to resilient margins, robust demand in luxury homes, and an attractive valuation despite a 12% drop over three months.
🛒 Dollar General and National Vision Holdings are recommended for their momentum, with DG benefiting from store remodels and partnerships like Uber and Instacart.
👓 Analyst Robert Ohmes sees potential catalysts for National Vision's recovery, including rising average ticket prices and the upcoming launch of Meta AI glasses.
🏦 Citigroup is rated as a top pick after CEO Jane Fraser's investor day, which included a $30 billion buyback authorization and strong leadership alignment.
🤖 Citi analysts believe the bank is well-positioned for artificial intelligence, engaging with leaders like Anthropic and Google to rebuild its competitive engine.
📱 Apple's Buy rating is supported by an expected strong iPhone upgrade cycle in fiscal 2025-2026 driven by Gen AI features and higher services revenue growth.
💻 Nvidia remains a top pick due to its unique full-stack leadership in AI silicon, hardware, and software, along with a strong balance sheet for ecosystem investments.
📉 Dollar General shares have fallen 17% in 2025 while National Vision plunged 29% in May, presenting opportunities for investors to buy the dip.
🚀 Barclays notes that IBM is mimicking Nvidia's playbook in the quantum market, potentially allowing the stock to gain 50%.
🛸 A drone stock has surged over the past year, with Roth Capital predicting it could rally another 70%.
📊 The article lists other major analyst calls for Monday involving Tesla, Broadcom, Microsoft, Meta, and Tyson Foods.
- Bank of America maintains Buy ratings on top picks including Nvidia and Apple, signaling strong confidence in their upside potential.
- Toll Brothers delivered a rare earnings beat and raised guidance, with gross margins at 26.2% ahead of expectations despite the challenging macro environment.
- Dollar General shows significant momentum from store remodels and strategic partnerships with Uber and Instacart, driving gross margin upside.
- National Vision Holdings is undervalued at ~7x 2027E EV/EBITDA near historical lows, with catalysts like rising average ticket prices and potential Meta AI glasses adoption.
- Citigroup shares are up 67% over the past 12 months with a $30 billion buyback authorization and a rebuilt engine for full franchise potential.
- Nvidia's unique full-stack leadership in AI silicon and hardware enables ecosystem investments and enhanced shareholder returns through its strong balance sheet.
- Apple is poised for a strong iPhone upgrade cycle in F25/F26 driven by Gen AI features, alongside higher growth in Services revenue and improved margins from internal silicon.
- Citi appears front-footed on AI, engaging with leaders such as Anthropic and Google to capitalize on emerging technology trends.
- Barclays highlights IBM's potential to mimic Nvidia's playbook in the quantum market, suggesting the stock could gain 50%.
- Roth Capital identifies a drone stock that has already surged over the past year with potential for another 70% rally.
- Bank of America maintains Buy ratings on top picks including Nvidia and Apple, signaling strong confidence in their upside potential.
- Toll Brothers delivered a rare earnings beat and raised guidance, with gross margins at 26.2% ahead of expectations despite the challenging macro environment.
- Dollar General shows significant momentum from store remodels and strategic partnerships with Uber and Instacart, driving gross margin upside.
- National Vision Holdings is undervalued at ~7x 2027E EV/EBITDA near historical lows, with catalysts like rising average ticket prices and potential Meta AI glasses adoption.
- Citigroup shares are up 67% over the past 12 months with a $30 billion buyback authorization and a rebuilt engine for full franchise potential.
- Nvidia's unique full-stack leadership in AI silicon and hardware enables ecosystem investments and enhanced shareholder returns through its strong balance sheet.
- Apple is poised for a strong iPhone upgrade cycle in F25/F26 driven by Gen AI features, alongside higher growth in Services revenue and improved margins from internal silicon.
- Citi appears front-footed on AI, engaging with leaders such as Anthropic and Google to capitalize on emerging technology trends.
- Barclays highlights IBM's potential to mimic Nvidia's playbook in the quantum market, suggesting the stock could gain 50%.
- Roth Capital identifies a drone stock that has already surged over the past year with potential for another 70% rally.
- Toll Brothers stock is down 12% in the past three months despite analyst praise.
- Dollar General shares have fallen for three straight months and are off 17% in 2025.
- National Vision Holdings plunged 29% in May, prompting analysts to suggest buying the dip.
- Toll Brothers faces expected margin pressure in F3Q before improvement in F4Q due to mix changes.
- Apple carries a specific risk around legal issues, though analysts deem them manageable.
- Citi's positive outlook is tempered by the caveat that it is 'too soon to declare victory' regarding its rebuilt engine.
- National Vision Holdings valuation is near historical lows at ~7x 2027E EV/EBITDA following a selloff post Q1 earnings.
