Natalia KniazhevichJul 23, 2026 – 3.27amBank of America’s trading desk is urging clients to buy US momentum stocks, betting that the group has reached an attractive price level after a bout of profit taking.The bank’s basket of US momentum stocks ended last week down more than 10 per cent from its June 25 peak following a tumble during which investors cut exposure and systematic strategies took profits. That drop put the gauge on track for its second-worst July in a decade.BloombergSubscribe to gift this articleGift 5 articles to anyone you choose each month when you subscribe.Subscribe nowAlready a subscriber? Fetching latest articles
BofA equities traders say buy momentum stocks
Others on Wall Street also see signs of a bottom, at least in the short term with UBS’ trading desk tipping an opportunity to rebuild AI and semi positions.
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