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2021-06-22

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Here are Bank of America’s top internet stock picks for the second half

It has been a disappointing first half of the year for tech stocks, but Bank of America is bullish o

Here are Bank of America’s top internet stock picks for the second half

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The firm also pointed to Alphabet and Booking as stocks that should benefit from rising rates.\nThe firm has a price target of $2,755 per share for Alphabet. The tech giant’s shares ended Friday at $2,402.22 and traded around $2,428 on Monday.\nBank of America is also bullish onAmazon, with a price target of $4,360 per share. Shares of the e-commerce giant closed at $3,486.90 on Friday. The dipped slightly on Monday to about $3,467.\n“We think Amazon is set up for improving 2H sentiment as tougher eCommerce comps pass, concerns on the Bezos change, labor shortages & added fulfilment investment fade, and Cloud possibly accelerates,” the note said.\nThe firm also has favorites among smaller stocks.\n“Our top [small and mid] cap picks areFiverrandVroomwhich have exposure to labor and auto shortages,” the note said.","news_type":1},"isVote":1,"tweetType":1,"viewCount":244,"commentLimit":10,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"symbols":[],"verified":2,"subType":0,"readableState":1,"langContent":"EN","currentLanguage":"EN","warmUpFlag":false,"orderFlag":false,"shareable":true,"causeOfNotShareable":"","featuresForAnalytics":[],"commentAndTweetFlag":false,"andRepostAutoSelectedFlag":false,"upFlag":false,"length":4,"xxTargetLangEnum":"ORIG"},"commentList":[],"hasMoreComment":false,"orderType":2}