Bank of America (BofA) released its quarterly selection of 10 short-term U.S. equity recommendations on Wednesday, offering ideas the firm expects will be well-positioned for market and company-level catalysts over the next quarter.
The bank's second-quarter 2026 picks are: Amer Sports; Boot Barn Holdings (NYSE: BOOT); Citigroup (NYSE: C); ITT Inc (NYSE: ITT); MongoDB (NASDAQ: MDB); Meta Platforms (NASDAQ: META); RTX Corp (NYSE: RTX); Spotify (NYSE: SPOT); Thermo Fisher Scientific (NYSE: TMO); and Welltower (NYSE: WELL).
Market action on the final trading day of the first quarter showed gains after reports suggested the Iran conflict may be approaching resolution. In that context, BofA's team framed its list as short-term ideas that could benefit from both market momentum and company-specific developments.
BofA's chief investment strategist, Michael Hartnett, flagged that the S&P 500 dropping below 6,600 is raising policy concerns. At the same time, he noted that the bank's trading indicators have not yet registered signs of bull capitulation or a wider macro panic - signals that, historically, some contrarian investors view as a clear buying opportunity.
Separately, BofA strategist Savita Subramanian examined whether dips tied to geopolitical events present buying opportunities. Her analysis, as presented by the bank, shows that during recent geopolitical episodes the S&P 500 typically fell by around 10% but tended to recover within roughly three months. Based on that pattern, the bank recommends a selective stance, favoring large-cap value names when repositioning after such dips.
BofA intends to publish this short-list at the start of each quarter going forward. According to the bank, the ideas generally remain in place through the quarter unless a company is removed from coverage or its rating changes. The bank also said it will report on the list's performance on a quarterly basis.
Context and positioning: The list is presented as short-term, catalyst-driven ideas for Q2 2026, released against the backdrop of late-quarter market gains and ongoing geopolitical developments.