By Nigam Arora
Editor’s note: This post was published in ZYX Buy on Oct. 14.
BAC is long from $7.69. It is trading at $50.03 as of this writing. This represents a gain of 551%.
Earnings
BAC is going to report earnings tomorrow morning. If the stock falls in the buy zone on earnings, consider starting a position if not already in BAC.
Investor Day
Bank of America will be holding its investor day on Nov. 5 after 14 years. This reflects management’s confidence in the present stabilized position and the future of the bank. The investor day may also become a trigger for the stock to move higher.
Diversification
The portfolio is very heavily weighted in AI stocks. Banks provide diversification. Other bank stocks in the portfolio are JPM and C.
Zones
For those who are following the Good Way, the Buy Now rating is *** (To see the locked content, please take a 30 day free trial).
For those following the Best Way, the buy zone is $*** – $*** to scale in.
The recommended quantity is ***% – ***%.
The very long term target is $77 – $83.
What To Do Now
Those in the stock may consider continuing to hold. Those not in the stock may consider following the parameters given above.
Note: Signal(s) to enter, add, reduce, exit, hold or change.
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This post was just published October 14th on ZYX Buy Change Alert.
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Nigam Arora
Nigam Arora is known for his accurate stock market calls. Nigam is a distinguished master of the macro. He is a popular columnist with over 100 million page views, an engineer, and nuclear physicist by background. Nigam has founded two Inc. 500 fastest growing companies and has been involved in over 50 entrepreneurial ventures. He is the developer of Theory ZYX of Successful Change Management and is the author of the book on Theory ZYX, as well as the developer of the ZYX Change Method for Investing.
