Further upside is in the cards for a slate of stocks, including Nvidia , according to Bank of America.
CNBC Pro combed through Bank of America's research for buy-rated stocks that are well positioned for additional gains.
In addition to Nvidia, these names include Apple, Nextracker , BJ's Wholesale Club and Ralph Lauren .
The stock is up 32% in 2024, but the analyst said investors should take advantage and buy the dip if shares retreat.
"Maintain Buy on multi-year upgrade cycle, gross margin upside and secular services growth," the analyst wrote.
Persons:
Ralph Lauren, Robert Ohmes, BJ's, Ohmes, BJ, Christopher Nardone, Nardone, Wamsi Mohan, Mohan, … BJ
Organizations:
Nvidia, Bank of America, CNBC, Bank of, Apple, BJ's Wholesale, Wholesale, RL, Nextracker Inc, NXT, CY27
Locations:
Europe, CY24