Investing

BofA Securities Top 10 US Stock Ideas for the Rest of 2021

Parker-Hannifin

This top industrial company looks poised for a solid 2021 and beyond. Parker-Hannifin Inc. (NYSE: PH) manufactures and sells motion and control technologies and systems for various mobile, industrial and aerospace markets worldwide.

The Diversified Industrial segment provides pneumatic, fluidic and electromechanical components and systems, as well as filters, systems and diagnostics solutions to monitor and remove contaminants from fuel, air, oil, water and other liquids and gases.

The Aerospace Systems segment offers flight control, hydraulic, fuel, fluid conveyance and engine systems and components for commercial and military airframe and engine programs. It also provides electronics thermal management heat rejection systems and single-phase and two-phase heat collection systems for radar, inverse synthetic aperture radar and power electronics.

Shareholders receive a 1.66% dividend. The $265 BofA Securities is well above the consensus price target of $230.72. Tuesday’s last trade for Parker-Hannifin stock hit the tape at $211.76.

Walmart

Shares of this giant retailer have rallied nicely off levels posted in March but still offer solid upside. Walmart Inc. (NYSE: WMT) is the world’s largest retailer, operating retail stores under the formats of Walmart Stores, Supercenters, Neighborhood Markets and Sam’s Club locations in the United States, as well as a growing e-commerce business. Internationally Walmart also operates locations in several countries, including Argentina, Brazil, Canada, China, Japan, Mexico and the United Kingdom.

Each week, nearly 260 million customers and members visit the company’s 11,535 stores under 72 banners in 28 countries and e-commerce websites in 11 countries. With fiscal year 2019 revenue of $514.4 billion, Walmart employs approximately 2.2 million associates worldwide.

Shareholders receive a 1.54% dividend. The BofA Securities price target is $175. The posted consensus target is $147.36. Walmart stock closed at $142.76 a share.


The two stocks that the analysts rate as Underperform are Royal Caribbean Group (NYSE: RCL) and Waters Corp. (NYSE: WAT). More aggressive investors may want to consider these ideas as possible short sale candidates for the rest of the fourth quarter.

These are eight top long ideas and two potential shorts for more aggressive investors. We will track the progress on these picks and keep 24/7 readers up to date on their performance.

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