Bank of America Highlights High‑Upside Stock Picks Amid Market Volatility

Bank of America analysts see buying opportunities that can act as safe havens despite a jittery market, highlighting AT&T, US Bancorp, Krispy Kreme, Madison Square Garden Entertainment, and L3 Harris Technologies as top picks. AT&T, the firm’s top telecom recommendation, maintains a $34 price target and a Buy rating following better‑than‑expected third‑quarter 2026 results, supported by a balanced mix of wireless and fixed assets, steady subscriber growth, an attractive dividend yield, a share repurchase program, and improving free cash flow and earnings per share. US Bancorp trades at 9.7 times its 2027 estimated earnings per share, with projected 10% annual EPS growth and 1.7 times its 2027 estimated book value; the bank expects outperformance driven by fixed‑asset repricing, diversified fee revenue, and management’s focus on operating leverage as the turnaround progresses. Krispy Kreme, after its latest earnings, reaffirmed its full‑year 2026 adjusted EBITDA guidance despite rising edible‑oil and fuel costs, underscoring the durability of its savings plan; the company’s expanding Fresh Delivery service and strong 20% month‑over‑month stock gain support a Buy rating based on its popular product offering, capacity utilization, and long‑term growth to 15,000 U.S. and Canadian locations. Madison Square Garden Entertainment’s recent results, bolstered by the impact of Harry Styles and a robust venue portfolio, show sustained earnings power and growth potential through higher utilization, pricing, and ancillary spending; the upcoming Christmas Spectacular, featuring 231 scheduled shows and strong advance ticket sales, adds another earnings driver, contributing to a 48% year‑to‑date share increase. L3 Harris Technologies, an aerospace and defense company, is executing strongly under its new CEO, who outlined priorities to improve execution, expand the international business—now 24% of revenue—and avoid transformational mergers and acquisitions; the firm’s diversified portfolio positions it well for space‑sector opportunities, and its stock has risen in five of the past six weeks, gaining nearly 5% over the last five days.

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